Barrick sweetens Acacia buyout
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest bullion miner, is counting the days until it takes full control of its African subsidiary, Acacia Mining (LON: ACA). By now,…
Acacia Mining plc
Barrick, Acacia struggle to find common ground in Tanzania
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) has proposed a framework to resolve a three-month dispute with the government of Tanzania. It appears that management at Acacia Mining (LON: ACA),…
The Northern Miner podcast – episode 74: A deep dive into geopolitical risk ft. Mickey Fulp
This week we’re joined by Mercenary Geologist Mickey Fulp to talk about the rising spectre of geopolitical risk for miners! Matt sits down to chat about a few recent high-profile…
Commentary: One theory on the root of Acacia’s troubles in Tanzania
Long-simmering resource nationalism in Tanzania heated up this March with a sudden export ban on ore concentrates by Tanzanian President John Magufuli, who said that “based on the information that…
Editorial: Barrick’s Acacia, Tanzanian gov’t stay on collision course
The months-long showdown between Barrick Gold’s 63.9%-owned subsidiary Acacia Mining and the Tanzanian government heated up in the last days of July, with Acacia reporting that one of its senior…
Barrick, Acacia at odds with gov’t in Tanzania
VANCOUVER — Barrick Gold’s (TSX: ABX; NYSE: ABX) senior management is preparing for negotiations over an evolving sociopolitical situation in Tanzania that could lower its gold production from the country. The…
[Update] Barrick, Acacia embroiled in political turmoil in Tanzania
VANCOUVER — Barrick Gold‘s (TSX: ABX; NYSE: ABX) senior management is getting directly involved in an evolving sociopolitical situation in Tanzania that could materially impact its annual gold production. The company holds a 63.9%…
Barrick, Acacia embroiled in political turmoil in Tanzania
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) is wrapped up in a volatile sociopolitical situation in Tanzania that could materially impact its annual gold production. The company holds a 63.9% equity stake…
Barrick, Agnico Eagle rise to the occasion
A slew of mining companies have recently rolled out their third-quarter financials, including Toronto-based gold miners Barrick Gold (TSX: ABX; NYSE: ABX) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM). Both firms published better than expected…
African Barrick changes name to Acacia, gets busy in Burkina Faso, Tanzania
African Barrick Gold — now called Acacia Mining (LSE: ACA) — has signed an earn-in agreement with Sarama Resources (TSXV: SWA) on its South Houndé project in Burkina Faso and approved an underground mining…
Barrick CEO Sokalsky stepping down
Barrick Gold’s (TSX: ABX; NYSE: ABX) president and CEO Jamie Sokalsky will be leaving his post in September, as part of a management shakeup whereby the major gold producer is axing its CEO role and naming two executives as…
Is African Barrick Gold getting on track?
There is no denying that it has been a rough ride for African Barrick Gold (LSE: ABG; US-OTC: ABGLF) since the company first listed in the London Stock Exchange in early 2010.