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- The miner, Tanzania’s No.1 gold producer, is in the midst of a bitter dispute with the Eastern African’s country’s government, which — among other things — has accused Acacia of tax evasion and illegal operations, served the firm with a $190-billion bill in fines and allegedly outstanding taxes, questioned staff and even blocked one of the firm’s senior executives last week from leaving the country.
www.mining.com/barrick-gold-tanzania-begin-talks-resolve-acacia-mining-dispute/Barrick Gold, Tanzania begin talks to resolve Acacia Mining ...
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Jul 31, 2017 · To say Acacia Mining (LON:ACA) is having a rough time in Tanzania is to underestimate the challenges the company, one of the largest gold producers in Africa, has been facing in the last few...
Barrick Gold has signed a deal to settle a long-running tax dispute between the Government of Tanzania (GoT) and mining group Acacia, which was acquired by Barrick in a $1.2bn buy-out deal approved by a British court last month.
Jul 4, 2017 · Acacia Mining said on Tuesday it was seeking an adjudicator to resolve its dispute with the Tanzanian government over mining contracts as President John Magufuli ordered the suspension of any...
Oct 20, 2019 · (Reuters) - Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction...
Feb 21, 2019 · The latest deal comes after a longstanding dispute between Acacia Mining, which is 63.9% owned by Barrick Gold, and Tanzania President John Magufuli, who claimed that the company owed $190bn in unpaid taxes. Tanzania shut down the company’s rights to export gold ore concentrate in March 2017.
Sep 24, 2019 · The company is expected to appoint a general manager and then reopen the North Mara mine which was closed in a dispute with Acacia. In what puts an end to years of tussle with the government, Barrick Gold Corporation has completed the takeover of the embattled Acacia Mining in Tanzania.
Jul 24, 2017 · Things are going from bad to worse for Acacia Mining (LON:ACA), one of the largest gold producers in Africa, as the government of Tanzania sent the company a $190-billion bill in fines and...
