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Acacia boss is getting frustrated waiting for Barrick solution

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GOLD
It’s been a year since Acacia Mining’s majority shareholder started talks on its behalf to end a standoff with the Tanzanian government and interim CEO Peter Geleta is getting frustrated. Barrick Gold, which owns about 64% of London-based Acacia, last month withdrew a timetable to resolve the dispute with Tanzania, after previously indicating it would have a detailed proposal ready by mid-year. The talks include efforts to lift a ban on exports of mineral concentrates introduced by the government last March, which forced the company to stockpile output and curb production.
 
 
 
 
 

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