Barrick may 'force' resolution to Acacia troubles, CEO says

Barrick Gold’s Mark Bristow said the company may have to “force” an end to stalled talks with Tanzania over the fate of its subsidiary Acacia Mining – but not yet. Shares of the unit pared gains. Acacia has been at odds with Tanzania’s government since July 2017, when the state handed the London-listed gold producer a $190-billion tax bill, saying it falsely declared bullion exports. Bristow became Barrick CEO in January, and the following month the Toronto-based miner said it had reached a settlement proposal with the government. Yet so far, no final deal with the government has been signed.