Nov 25 (Reuters) - Barrick Mining ( B ) has agreed to

a 244 billion CFA francs ($430 million) settlement with Mali,

Bloomberg News reported on Tuesday, citing people familiar with

the matter.

The Canadian miner on Monday reached an agreement with

Mali's government to resolve all their disputes over the

Loulo-Gounkoto gold mining complex after two years of

negotiations.

Barrick said it would drop the arbitration case against Mali

at the World Bank dispute tribunal, and in return, Mali will

drop all charges against Barrick and its affiliates, release

four employees from jail, and give operational control back to

Barrick.

Bloomberg News said Barrick is due to pay 144 billion CFA

francs within six days of signing the agreement with Mali's

government.

Another 50 billion CFA francs will come via VAT-credit

offsets, while an installment of the same size was already paid

last year, the report said.

Barrick Mining ( B ) did not immediately respond to a Reuters

request for comment.

($1 = 566.0000 CFA francs)

(Reporting by Vallari Srivastava in Bengaluru; Editing by

Janane Venkatraman and Mrigank Dhaniwala)