In Summary
A statement released 7:50pm on Wednesday following
a meeting between Barrick Gold Corporation executive chairman Prof John P.
Thornton and President John Magufuli at State House in Dar es Salaam on
Wednesday.
Dar es
Salaam. Acacia Mining PLC says no agreement has been reached yet with the
Tanzanian government over the metallic mineral concentrate controversy.
A statement
released 7:50pm on Wednesday following a meeting between Barrick Gold
Corporation executive chairman Prof John P. Thornton and President John
Magufuli at State House in Dar es Salaam on Wednesday.
After the
meeting President Magufuli said Prof Thornton has admitted wrongdoing and agreed
to send a team to discuss how to repay the loss the company inflicted on the
government, according to a statement released by the State House.
But in its
latest statement Acacia said, in fact, that no agreement has been reached.
“As the
negotiations have yet to commence, no agreements have been reached, but the
negotiations will seek a resolution that is in the best interests of all
stakeholders,” the press released posted in the company’s website noted.
There is an
ongoing controversy between the government of Tanzania and Acacia Mining which
own three gold mines over the export of mineral concentrates. Two committees
formed by President Magufuli this year have claimed that Acacia has been
under-declaring the types and value of minerals found in the concentrates.
Acacia Mining denies any wrongdoing on the issue and has been calling for
independent investigation on the issue. Barrick Gold Corporation is Acacia’s
majority shareholder.
The Citizen
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