Barrick Gold Corporation

Barrick’s Thornton Puts Shine Back in Gold With Randgold Bid

Posted on by The Editorial Team
Barrick’s Thornton Puts Shine Back in Gold With Randgold Bid

LAGOS (Capital Markets in Africa) – As more than 1,100 gold mining executives, metals analysts and investors made their annual retreat to the mountains of Colorado, all anyone seemed to want to talk about was the deal that was announced just hours earlier. Mark Bristow, the outspoken chief executive officer of Randgold Resources Ltd. who helped arrange the merger with Barrick Gold Corp., didn’t seem surprised. “I have been agitating for this industry to rearrange itself,” Bristow said in…

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Tanzania Says Barrick Agrees to Pay Money Owed to Government

Posted on by The Editorial Team
Tanzania Says Barrick Agrees to Pay Money Owed to Government

DAR ES SALAAM (Capital Markets in Africa) – Tanzania’s presidency said Barrick Gold Corp. is willing to reimburse money that’s owed to the government, after President John Magufuli accused subsidiary Acacia Mining Plc of failing to pay billions of dollars of taxes. Acacia surged as much as 11 percent. Barrick Executive Chairman John Thornton met Magufuli for talks in the commercial capital, Dar es Salaam, on Wednesday, the presidency said in an emailed statement. Barrick confirmed the meeting…

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