Barrick reaches ‘historic’ deal in Tanzania
Barrick Gold (TSX: ABX; NYSE: GOLD) and Tanzania have signed a deal that grants the African nation stakes in the three gold mines the company…
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Acacia Mining
Barrick’s bid for Acacia an “appropriate” and “elegant” solution to Tanzania’s woes — CEO
The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as a low, would see the world’s second largest gold miner buying the remaining 35% of the African miner it does not already own, at a discount.
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Acacia blames Barrick for barring it from Tanzania talks, mulls takeover bid
Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.
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Tanzania threatens Acacia with closing North Mara over water pollution
The country’s No.1 gold producer says the “brief” spill affecting the operation has already been halted and blamed vandals for destroying or stealing sections of the pipe it uses to move waste water.
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Barrick and Tanzania reach proposal to settle country’s row with Acacia
Gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.
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Acacia Mining fined over alleged environmental breach in Tanzania
Barrick’s Acacia Mining has been hit with a 300-million Tanzanian shillings fine (about $129,144) over allegations of environmental breaches at its North Mara mine.
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