Canadian miner Barrick Gold has made progress in reshaping its Tanzania operations, acquired through the takeover of Acacia Mining in September last year, by formally establishing a joint venture (VJ) with the government.
At a signing ceremony on Friday, CEO Mark Bristow and Tanzanian President Dr John Magufuli formalised the JV, which would give the government full visibility of, and participation in, decisions made for the North Mara, Bulyanhulu and Buzwagi mines.