Tanzania, Barrick Gold start talks to resolve tax dispute with Acacia Mining


Tanzania's President John Magufuli addresses a news conference during his official visit to Nairobi, Kenya ...
Tanzania's President John Magufuli addresses a news conference during his official visit to Nairobi, Kenya October 31, 2016. REUTERS/Thomas Mukoya

Tanzania’s government and Canada’s Barrick Gold have started talks to resolve a tax dispute involving Acacia Mining, the president’s office said on Monday.

The government accuses Acacia, in which Barrick holds a majority stake, of evading taxes over the years by under-declaring exports. Acacia denies the accusations, which have pummelled its share price.

“Talks between a special committee formed by President John Magufuli and representatives of Barrick Gold Corp … started today in Dar es Salaam,” a statement from the presidency said.

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