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Dar, Barrick reach consensus, bury all disputes
DAR ES SALAAM, Oct. 21 -- TANZANIA and Barrick Gold Corporation have agreed to settle all disputes between the government and the defunct Acacia mining.
The final agreements have just been submitted to the country's Attorney General for review and legalisation.
Already, Tanzania and Barrick have formed a new company-Twiga Minerals Corporation-to manage Bulyanhulu, North Mara and Buzwagi mines as one of the strategies to settle all disputes pitting the government against the mining operations formerly under Acacia.
Foreign Affairs and East African Cooperation Minister Professor Palamagamba Kabudi told reporters in Dar es Salaam yesterday that Barrick will now manage all the mines.
"Barrick will own 84 per cent and Tanzanians, through t...
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