Barrick's Thornton Meets Tanzania Leader in Acacia Tax Feud
- Two sides agree to negotiate; Acacia says no agreement reached
- State says mining companies evaded billions of dollars in tax
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Barrick Gold Corp. Executive Chairman John Thornton met with Tanzania’s president in an effort to resolve an impasse between the government and Acacia Mining Plc, of which Barrick is a majority shareholder.
“As the negotiations have yet to commence, no agreements have been reached,” Acacia said in a statement Wednesday. “The negotiations will seek a resolution that is in the best interests of all stakeholders.”