Barrick’s Tanzania subsidiary Twiga Minerals has resumed exports of gold concentrate after receiving clearance for its first shipments since the lifting of a government ban imposed during a tax dispute with the mining company.
The dispute originally involved Acacia Mining, which was taken over by Barrick last year. The Tanzanian government imposed a ban on exporting mineral concentrates in 2017 after accusing Acacia of tax evasion.
Tanzania said it would lift the ban on January 24 when the two parties signed a deal in which the government took a 16% stake in Twiga Minerals – a new joint venture managing Barrick’s three gold mines.