4 February 2014 African Barrick Gold plc (the "Company" or "ABG") Completion of the Transfer of Tulawaka ABG is pleased to announce the completion of the transfer of Tulawaka and certain exploration licences to STAMICO, the Tanzanian state mining company. As previously announced STAMICO will take ownership and management of the rehabilitation fund established as part of the closure plan for the mine, in return for the assumption of all remaining past and future closure and rehabilitation liabilities for Tulawaka, and has indemnified the other parties to the agreement in relation to these liabilities. As a result ABG has transferred the balance of the rehabilitation fund to STAMICO, less the transaction consideration and other closing adjustments, which equates to a cash payment of US$11.6 million. ENQUIRIES For further information contact: African Barrick Gold plc +44 (0) 207 129 7150 Andrew Wray, Chief Financial Officer Giles Blackham, Investor Relations Manager Bell Pottinger +44 (0) 207 861 3232 Daniel Thöle END -0- Feb/04/2014 07:00 GMT
AFRICAN BARRICK GOLD PLC: Completion of the Transfer of Tulawaka
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