Deals
Barrick Favors Taking Back Control of Acacia Mining
- Separately listed Acacia is locked in dispute in Tanzania
- Final decision depends on completion of merger with Randgold
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Barrick Gold Corp. favors taking back control of its separately listed Tanzanian assets after completing its takeover of Africa-focused rival Randgold Resources Ltd., according to people familiar with the situation.
Barrick spun off those assets in 2010 into a company now called Acacia Mining Plc. That unit -- listed in London but majority owned by Barrick -- has been dogged by operational setbacks and is locked in a dispute with Tanzania’s government. The dispute would need to be resolved before any decision is made.