Tanzania, Barrick sign new implementation deal

Tanzania and Canadian mining giant, Barrick Gold Corp have signed an agreement to kick-start a new joint venture company overseeing Barrick’s future gold mining operations in the country, as a way forward following a year long impasse.
“Being a year now, we have finally completed the long journey of negotiations and renegotiations and agreed on nine key points that will underpin the activities of Twiga Mining company, a joint company between the Tanzanian government and Barrick,” Foreign Affairs Minister Prof Paramagamba Kabudi said at the signing held in State House in Dar es Salaam, and witnessed by President John Magufuli. 

No details were immediately available of the nine points highlighted in the new agreement which will oversee implementation of the original pact between Tanzania and Barrick dating back to October 2017 when former Barrick affiliate Acacia Mining was still running the Tanzanian operation of three gold mines in the country’s lake zone.

Leave your vote

Total
0
Shares
Previous Article

Uganda confirms Yellow Fever outbreak

Next Article

Ethiopia, Sudan,Egypt inch closer to Nile water use deal

Related Posts

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.