New Barrick eyes several options to end Tanzania tax dispute: CEO
Randgold CEO Mark Bristow poses for a photo at the London Stock Exchange, London, Britain on November 6, 2018. New Barrick Gold Corp began trading on January 2, 2019, following its merger with Randgold Resources. PHOTO | REUTERS
The new Barrick Gold Corp is considering options for its stake in Acacia Mining PLC including possible sale, as Barrick works to end a nearly two-year-long tax dispute in Tanzania that has effectively shuttered operations there, Chief Executive Officer Mark Bristow said on Wednesday.
The new Barrick, which began trading on Wednesday following its merger with Randgold Resources, holds a 64 percent stake in Acacia, which has not been able to export gold during the tax row.
