Acacia Mining confirms start of negotiations with Tanzania govt

Tanzania-based gold miner Acacia Mining’s CEO Brad Gordon on Thursday said the company would leave any disputes around back taxes for resolution during negotiations with the country’s President John Magufuli. During a teleconference, he added that the company was not prepared to comment on earlier media reports, wherein Tanzania’s presidency was quoted as saying Acacia’s parent company, Barrick Gold was willing to reimburse money that was owed to the government.