Barrick, Tanzania Reach Agreement in Acacia Dispute

After months of back and forth, Barrick Gold Corp. and the government of Tanzania have agreed on a framework for a new partnership between Acacia Mining plc and the government where economic benefits from Acacia would be shared with Tanzania on a 50/50 basis. The framework was signed on October 19 in Dar es Salaam following a meeting between Barrick Executive Chairman John L. Thornton and the President of the United Republic of Tanzania His Excellency Dr. John P. Magufuli.

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