Tanzania: Barrick Deal to Serve As Model, Says JPM

Dar es Salaam — The government and Barrick Gold Corporation yesterday reached a landmark deal that will ensure that economic benefits generated by Acacia Mining's operations in the country are shared between the two parties on a 50/50 basis.

The deal, which will also see the government acquiring a 16 per cent stake in each mine owned by Acacia, puts to rest a tug-of-war that dates back to early this year.

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