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50/50! Screw Tanzania … Who would be foolish enough to build a mine there now?

Posted by ipso facto @ 9:28 on October 19, 2017  

Barrick Reports Progress on Proposed Framework for Acacia Mining plc Operations in Tanzania

TORONTO, ONTARIO–(Marketwired – Oct. 19, 2017) –

All amounts expressed in U.S. dollars

Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company and the Government of Tanzania have agreed on a framework for a new partnership between Acacia Mining plc and the Government of Tanzania, whereby economic benefits generated by Acacia’s operations would be shared with Tanzania on a 50/50 basis going forward.

http://www.marketwired.com/press-release/barrick-reports-progress-on-proposed-framework-acacia-mining-plc-operations-tanzania-nyse-abx-2237711.htm

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.