Loading ...Barrick Gold’s subsidiary Acacia Mining (LON:ACA) condemned its parent company on Wednesday for keeping it out of discussions with the government of Tanzania about a long-running row over outstanding tax claims.
Acacia’s comments come on the heels of the Canadian gold giant’s bid to take full control of the company, which is Tanzania’s No. 1 gold miner.
Toronto-based Barrick has proposed to buy the remaining 35% of Acacia it does not already own through an all-stock offer pitched at a discount, arguing that the plan offers a route to end Acacia’s crippling dispute with Tanzania’s government.
Acacia blames Barrick for barring it from Tanzania talks, mulls takeover bid