Barrick to sell gold worth up to $280m as export ban lifted

Barrick Gold will start to ship gold worth up to $280-million from Tanzania, CEO Mark Bristow said on Monday, after the government lifted an export ban following the resolution of a three-year tax dispute.

The world’s second-largest gold miner signed a deal on Friday with Tanzania’s government, ending a row that dated back to when Acacia Mining ran the Tanzanian operations.

Barrick fully acquired Acacia last year.