(Bloomberg) — Barrick Gold Corp. agreed to pay $300 million to the Tanzanian government to end a long-running dispute that it says destroyed the value of its subsidiary Acacia Mining Plc’s assets.As part of the deal, which still must be approved by Tanzania’s attorney general, the government will be given a 16% stake in a renamed company known as Twiga Minerals Corp., Barrick said Sunday in a statement. The payments are to settle all outstanding tax and other disputes, the gold miner said. The agreement means a ban on export of concentrates will be lifted, Barrick said.“Rebuilding these operations after …read more
Source:: Yahoo Finance
