Skip to content
Subscriber Only

The World's Biggest Tax Bill Is Just the Latest Blow for Gold Miner

  • Acacia Mining handed $190 billion tax levy, fine from Tanzania
  • Figure is four times nation’s GDP, 70 times Google’s EU fine
Updated on

It was supposed to mark a fresh start for the African business of the world’s biggest gold producer. In November 2014, African Barrick Gold Plc would get a new name and new management to distance itself from a troublesome past and disputes with local politicians.

Less than three years later, things are worse than ever.