Magufuli: Barrick ready to pay what it owes Tanzania

President John Magufuli has met with Prof John Thornton, Chairman of Barrick Gold Canada, parent company of Acacia Mining to discuss the mineral sand saga at the State House on Wednesday.

What you need to know:

  • The first committee probed at the technical aspects of the concentrate and the second committee examined at the economic and legal frameworks around the export.  Both reports damned Accacia for foul play and suggested that Tanzania has lost over Sh100 trillion since it started exporting concentrates in late 1990s.