Barrick Gold’s Mark Bristow said the company may have to “force” an end to stalled talks with Tanzania over the fate of its subsidiary Acacia Mining – but not yet. Shares of the unit pared gains.
Acacia has been at odds with Tanzania’s government since July 2017, when the state handed the London-listed gold producer a $190-billion tax bill, saying it falsely declared bullion exports. Bristow became Barrick CEO in January, and the following month the Toronto-based miner said it had reached a settlement proposal with the government. Yet so far, no final deal with the government has been signed.