Barrick Partnership with Tanzanian Government Delivers First Major Outcomes [Canadian Business Journal (Canada)]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Canadian Business Journal
All amounts expressed in US dollars.DAR ES SALAAM, Tanzania, May 25, 2020 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLDABXPresident and chief executive Mark Bristow said these were landmark events that demonstrated the strength of the partnership the company forged earlier this year through the formation of the jointly owned Twiga Minerals Corporation, which oversees the management of Barrick’s operations in the country.In terms of its framework agreement with the government, the shipping of some 1,600 containers of concentrate stockpiled from Bulyanhulu and Buzwagi resumed in April and the first $100 million received from the sale has gone to the government. Barrick said all material issues had been dealt with or were being finalized. This initial payment will be followed by five annual payments of $40 million each.At the same time, some 90% of the outstanding land claims at North Mara have been settled with payment scheduled to start today. Contrary to the past, where these
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