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Barrick Gold (ABX) and Tanzania: Latest News and Updates

Oct 11, 2020 Tanzania will receive about $40 million from Barrick Gold Corp. on Oct. 13 as part of a payment settlement with the company. President John Magufuli will

Barrick Gold Corporation Barrick Back in Business in

Dar es Salaam January 24, 2020 Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) says it has made significant progress in reshaping the Tanzanian operations it consolidated through the take-over of Acacia Mining in September last year in order to create a sustainable business capable of long-term value creation for its stakeholders.. At a signing ceremony with the President of the United

Tanzania Finalizing Permit For its First Rare-Earth Metals

Nov 05, 2020 Gold mining, now Tanzania’s leading foreign-exchange earner, is recovering following a slump after a crackdown on smuggling and a drawn-out dispute between the government and a unit of Barrick

Barrick Deal, Smuggling Crackdown Revive Tanzania Gold

Oct 15, 2020 Gold has overtaken tourism as the East African nation’s biggest foreign-exchange earner, while Barrick’s joint venture with the Tanzanian government paid its first cash dividend of $250

Reporters investigated abuse and corruption at a Barrick

Jun 13, 2019 She says the company — then called African Barrick Gold — subsequently reached out and asked her to sign a confidential agreement: in exchange

Doubts raised over Tanzania-Barrick The East African

Jan 20, 2020 The report noted that the October 2019 deal on a new profits-sharing structure for Barrick’s gold mining operations in Tanzania remains unratified. “The way things stand, Barrick may eventually have no option but to write off its multibillion-dollar assets in Tanzania if the deal is not ratified soon,” the report says.

Tanzania: African Barrick Gold makes out-of-court

Tanzania: African Barrick Gold makes out-of-court settlement for claims by locals at its North Mara mine for injuries & fatalities Story Timeline Tanzania: Acacia Mining official says company opted for out-of-court settlement to maintain good relationship with locals

African Barrick Gold lawsuit (re Tanzania) Business

Jul 30, 2013 Early in 2015, African Barrick Gold (now Acacia) and and its subsidiary NMGML reached an out of court settlement with the claimants. Tanzanian villagers sue African Barrick Gold over 2011 violence, Sarah Young, Reuters, 30 Jul 2013 Barrick’s African subsidiary faces suit over Tanzania deaths, Alistair MacDonald, Wall Street Journal, 30

Barrick Gold Corporation Investors Annual Report

On January 1, 2019, a new Barrick was born out of the merger between Barrick Gold Corporation and Randgold Resources. The merger created a sector-leading gold company which owned five of the industry’s Top 10 Tier One A Tier One Gold Asset is a mine with a stated life in excess of 10 years, annual production of at least 500,000oz of gold and total cash costs per ounce over the mine life that

Barrick Gold Corporation Home

Capturing the benefit of higher gold prices through agile management and operational efficiency, Barrick increased its operating cash flow by 80% over Q2 and free cash flow by 151%. Press Release MD&A and Financial Statements Results Presentation Webcast (11:00 AM ET)

Barrick Deal, Smuggling Crackdown Revive Tanzania Gold

Oct 15, 2020 Gold has overtaken tourism as the East African nation’s biggest foreign-exchange earner, while Barrick’s joint venture with the Tanzanian government paid its first cash dividend of $250

Barrick Gold’s ‘long safari’ ends with Tanzania deal

Jan 24, 2020 Barrick Gold’s ‘long safari’ ends with Tanzania deal The government will take 16% stakes in Barrick mines. By Fumbuka Ng'wanakilala, Reuters 24 Jan 2020 15:53

Barrick Agrees to Pay $300 Million to End Tanzania Dispute

Oct 20, 2019 Barrick Gold Corp. agreed to pay $300 million to the Tanzanian government to end a long-running dispute that it says destroyed the value of its subsidiary Acacia Mining Plc’s assets.

Tanzania: Talks With Barrick Gold Still On, Tanzania

Get the latest in African news delivered straight to your inbox The government of Tanzania and Barrick Gold Corporation started the negotiations in 2017 to resolve tax disputes and the ban on

Reporters investigated abuse and corruption at a Barrick

Jun 13, 2019 She says the company — then called African Barrick Gold — subsequently reached out and asked her to sign a confidential agreement: in exchange

Doubts raised over Tanzania-Barrick The East African

Jan 20, 2020 The report noted that the October 2019 deal on a new profits-sharing structure for Barrick’s gold mining operations in Tanzania remains unratified. “The way things stand, Barrick may eventually have no option but to write off its multibillion-dollar assets in Tanzania if the deal is not ratified soon,” the report says.

Barrick Gold's 'long safari' ends with Tanzania deal Reuters

Canada's Barrick Gold Corp <ABX.TO> signed a deal with Tanzania on Friday in which the government will take stakes in three gold mines, ending a long-running tax dispute and setting a template for

Tanzania: African Barrick Gold makes out-of-court

Tanzania: African Barrick Gold makes out-of-court settlement for claims by locals at its North Mara mine for injuries & fatalities Story Timeline Tanzania: Acacia Mining official says company opted for out-of-court settlement to maintain good relationship with locals

Tanzania, Barrick agree on plan to The East African

Tanzania, Barrick agree on plan to settle Acacia dispute Wednesday February 20 2019 Tanzanian President John Magufuli with Barrick Gold's chief operating officer for Africa and Middle East Mr Willem Jacobs at State House Dar es Salaam on February 20, 2019.

African Barrick Gold lawsuit (re Tanzania) Business

Jul 30, 2013 Early in 2015, African Barrick Gold (now Acacia) and and its subsidiary NMGML reached an out of court settlement with the claimants. Tanzanian villagers sue African Barrick Gold over 2011 violence, Sarah Young, Reuters, 30 Jul 2013 Barrick’s African subsidiary faces suit over Tanzania deaths, Alistair MacDonald, Wall Street Journal, 30

Barrick Gold’s ‘long safari’ ends with Tanzania deal

Jan 24, 2020 Barrick Gold’s ‘long safari’ ends with Tanzania deal The government will take 16% stakes in Barrick mines. By Fumbuka Ng'wanakilala, Reuters 24 Jan 2020 15:53

Reporters investigated abuse and corruption at a Barrick

Jun 13, 2019 She says the company — then called African Barrick Gold — subsequently reached out and asked her to sign a confidential agreement: in exchange

Barrick Agrees to Pay $300 Million to End Tanzania Dispute

Oct 20, 2019 Barrick Gold Corp. agreed to pay $300 million to the Tanzanian government to end a long-running dispute that it says destroyed the value of its subsidiary Acacia Mining Plc’s assets.

Barrick Gold deal a win for the Tanzania Africa Briefing

Jan 28, 2020 THE longstanding dispute between the Tanzanian government and Canadian miner, Barrick Gold was finally settled on Friday with a deal that could be seen as a huge win for the East African state.. Prior to the agreement, both parties had announced in October that Barrick pays $300 million to settle outstanding tax and other disputes, while the government would lift an export ban on

Tanzania, Canada's Barrick Gold to sign agreement

Jan 24, 2020 DAR ES SALAAM, Jan 24 (Reuters) Tanzania said on Friday it was due to sign an agreement with Canadian miner Barrick Gold Corp ABX.TO which could end

Tanzania and Barrick Gold reach final CGTN Africa

Feb 22, 2019 The Barrick Gold Corporation has negotiated a deal to end the dispute between its subsidiary Acacia Mining and the Tanzanian government. President John Pombe Magufuli greets Dr. Willem Jacobs, Chief Executive Officer of Barrick Gold Corporation (for Eastern Africa) when the Barrick team paid him a courtesy visit at State House in Dar es Salaam.

Tanzania: Barrick Gold Gains Full Control of Acacia in

The biggest gold mining firm in Tanzania Barrick Gold fully acquired Acacia Mining after a Dar es Salaam court approved the takeover on September 13. 900 reports a day from more than 140 news

Barrick Gold back in business in Tanzania African Review

Jan 29, 2020 Barrick Gold back in business in Tanzania. Barrick Gold Corporation said it has made significant progress in reshaping the Tanzanian operations it consolidated through the take-over of Acacia Mining in September last year in order to create a sustainable business capable of long-term value creation for its stakeholders

Barrick strikes deal with Tanzania to settle tax dispute

Oct 19, 2017 Barrick Gold said on Thursday that its African subsidiary Acacia Mining would pay $300 million (228.07 million pounds) and split 'economic benefits' from operations with Tanzania under a

African Barrick to compensate assault victims The Globe

African Barrick Gold, a subsidiary of Toronto-based Barrick Gold Corp., says it spent two years questioning more than 200 people in an independent investigation of the sexual-assault allegations

Tanzania Government Told to Open Up Over Barrick Deals

Tanzania clears road for $200m investment in two mines. Strong reactions greet Tanganyika Law Society new law. In a 2017 investigative report that was prepared by the team led by Abdulkarim Mruma

Barrick and Acacia Reach Buyout Deal, Ending Long Standoff

Jul 19, 2019 For the past two years, Acacia Mining Plc has faced deteriorating relationships with its largest shareholder, Barrick Gold Corp. and the government of Tanzania. Now, one of

Barrick Gold reaches deal with Tanzania over Acacia Mining

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

Tanzania Court Upholds $41m Barrick Gold Tax Bill

The Court of Appeal on August 31 dismissed an appeal case filed by African Barrick Gold PLC (ABG) against Tanzania Revenue Authority (TRA) over a tax demand amounting to $41,250,426 (equal to over