Barrick Gold reaches deal with Tanzania over Acacia Mining
Mining News Pro - Barrick Gold Corp (TSX:ABX) (NYSE:GOLD) 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 approved by a British court last month.
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Acacia Mining resumes gold exports from North Mara; processing remains halted
Mining News Pro - Embattled Acacia Mining (LON:ACA), Tanzania’s top bullion producer, has resumed exports from its largest mine in the country, but noted that ore processing is now officially halted, as a ban issued by the government last month has come into effect.
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Barrick posts profit jump, flags significant work ahead on Acacia
Mining News Pro - Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next month.
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Barrick strikes deal with Acacia after sweetening offer, takeover imminent
Mining News Pro - Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) has bowed to pressure from Acacia Mining’s (LON:ACA) minority shareholders, offering on Friday a sweetened deal for the African miner that would give Barrick full control.
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Acacia hit by fresh roadblock in Tanzania ahead of Barrick’s bid deadline
Mining News Pro - Embattled Acacia Mining (LON:ACA) is facing fresh hurdles in Tanzania as the government has ordered it to stop using a waste storage facility at North Mara, its largest gold mine and the only one of the three the company owns that remains fully operational.
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Acacia Mining reports 13% rise in gold reserves for Tanzania mine
Mining News Pro - Acacia Mining is Tanzania’s biggest gold producer and operates three major mines in the country — Bulyanhulu, Buzwagi (pictured) and North Mara.
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Acacia Mining ‘strongly disagrees’ with Barrick Gold’s $787mn takeover plans
Mining News Pro - Acacia Mining has released a statement to say it “strongly disagrees with a number of matters” set out in parent company Barrick Gold’s takeover proposal published last week.
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Barrick to acquire Acacia in effort to solve dispute
Mining News Pro - Barrick Gold plans to acquire the remaining Acacia Mining shares it doesn’t own in a buyout offer to douse a long stand-off with the Tanzanian Government.
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Acacia divests Bowen Coking Coal interest
Mining News Pro - Acacia Coal has divested of its shareholding in fellow-listed Bowen Coking Coal at a price of 1.6c each.
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Visit: 983