Barrick Gold/Tanzania: an oil & gas-inspired production sharing agreement

Barrick Gold/Tanzania: an oil & gas-inspired production sharing agreement

The contract drawn up at the end of January between the Canadian giant and the local authorities is innovative and should serve as a model for other mining operators in the country, including AngloGold Ashanti Ltd and Petra Diamonds.

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            ▪ Barrick Gold/Tanzania: an oil & gas-inspired production sharing agreement

▪ The contract drawn up at the end of January between the Canadian giant and the local authorities is innovative and should serve as a model for other mining operators in the country, including AngloGold Ashanti Ltd and Petra Diamonds.

https://www.africabusinessplus.com/en/802776/barrick-gold-tanzanie-un-accord-de-partage-de-production-inspire-du-oil-gas/

Following Barrick Gold Corp’s payment of $300 million to the Tanzanian Treasury last October to settle a major tax dispute, an agreement has just been finalised for the mining company’s return to the country.

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