Barrick moves closer to resolving Acacia dispute with Tanzania

Section:

By Danielle Bochove, Thomas Biesheuvel, and Kenneth Karuri
Bloomberg News
Wednesday, December 12, 2018

Barrick Gold Corp. has reached an agreement with the Tanzanian government on a $300 million payment, a milestone toward resolving a dispute that has crippled the miner’s subsidiary in the African country, according to people familiar with the situation.

Executives from the Toronto-based producer and Randgold Resources Ltd., which is being bought by Barrick, met with Tanzanian negotiators on Dec. 7, said the people, who declined to be identified as the talks are private.

During that meeting the two sides made significant progress on a deal that includes Acacia Mining paying $300 million in installments. The terms are now being handed off to a tax working group in Tanzania for review, the people said. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-12-12/barrick-gold-is-said-...



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