Barrick helps facilitate Acacia Mining deal with Tanzanian government - News Summed Up

Barrick helps facilitate Acacia Mining deal with Tanzanian government


TORONTO - Barrick Gold Corp. says it has helped facilitate a deal between Acacia Mining and the government in Tanzania as Barrick’s new CEO looks to reorder the company. Barrick holds a 63.9 per cent interest in Acacia, a London-based publicly traded company that is operated independently. Article Continued BelowThe Toronto-based company said work is underway to finalize the definitive agreements, which must be approved by Acacia and the Tanzanian government. Efforts to put an end to the dispute in Tanzania, which has forced Acacia to significantly cut back on production, come as Bristow’s team at Barrick review company operations globally. Last year, Chile ordered the company to close the part of the Pascua-Lama mining project that falls within the country.


Source: thestar February 20, 2019 14:25 UTC



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