Barrick Gold reaches deal with Tanzania over Acacia Mining

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Barrick Gold reaches deal with Tanzania over Acacia Mining
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Barrick Gold Corp said it had reached a deal to settle a long-running tax disput...

- Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month.

“Barrick is definitely back in Tanzania,” Barrick president and chief executive Mark Bristow told reporters in Dar es Salaam, Tanzania’s commercial capital on Sunday. Kabudi, speaking at the news conference, said the deal marked a new partnership with Barrick under the new Twiga Minerals name.

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