February 20, 2019 / 12:01 PM / 9 months ago

Barrick Gold lays out proposal to settle Tanzania dispute

Feb 20 (Reuters) - Barrick Gold Corp on Wednesday outlined a proposal to settle disputes between its Acacia Mining unit and Tanzania’s government, that includes a $300 million payment by the Canadian miner to settle tax claims.

“Significant amounts of real value have been destroyed by this dispute and, in Barrick’s view, this proposal will allow the business to focus on rebuilding its mining operations in partnership with their respective stakeholders,” Barrick Chief Executive Officer Mark Bristow said in a statement. (Reporting by John Benny in Bengaluru; Editing by Sai Sachin Ravikumar)

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