Prime

Tanzania to own 16pc stake in Acacia's three gold mines

Tanzania's President John Magufuli with Barrick Gold's chairman John Thornton at State House Dar es Salaam on October 19, 2017. PHOTO | CITIZEN | NMG

By  Hellen Githaiga

Nation Media Group

Barrick Gold has agreed to sell a 16 per cent stake in three mines in Tanzania to the government.

The company also agreed to share 50 per cent of the revenues from the mines.

Be the First to Know

Get the stories shaping East Africa — delivered straight to your inbox

Conflict

  1. PRIME A regional war: Ethiopia troop pullout plan puts Somalia security under new strain

  2. Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

  3. Ethiopia, Sudan junta bicker again over RSF support claims

  4. PRIME East Africa’s oil rivalry is missing the bigger energy security question

Latest

  1. PRIME Tanzania to close schools early as El Niño rains loom

  2. PRIME Nyabongo: Man from TV who became the King of Tooro

  3. PRIME A visual spectacle and the power of friendship

  4. PRIME Kenya wavers on $1 billion debt swap as financing costs increase

In the headlines

View All