July 31, 2017 / 1:42 PM / 4 months ago

Tanzania, Barrick Gold start talks to resolve tax dispute with Acacia Mining

DAR ES SALAAM, July 31 (Reuters) - Tanzania’s government and Canada’s Barrick Gold have started talks to resolve a tax dispute involving Acacia Mining, the president’s office said on Monday.

The government accuses Acacia, in which Barrick holds a majority stake, of evading taxes over the years by under-declaring exports. Acacia denies the accusations, which have pummelled its share price.

“Talks between a special committee formed by President John Magufuli and representatives of Barrick Gold Corp ... started today in Dar es Salaam,” a statement from the presidency said. (Reporting by Fumbuka Ng‘wanakilala’ Writing by Aaron Maasho, editing by David Evans)

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