Barrick Gold Mining News

Acacia’s Buzwagi mine in Tanzania to produce just gold bars until it shuts

Gold bars are not impacted by the export ban on gold and copper concentrate imposed by the Tanzanian government in March.

Tanzania orders wall built around tanzanite mines, purchases of stones

President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.

Barrick's Munk donates $100 million to cardiovascular care centre

The gift, which will bring the Munk's support of UHN and the PMCC to more than $175 million since 1993, will primarily be used to develop a data-driven digital cardiovascular health platform that reduces costs.

South Africa labour disputes drag Petra Diamonds shares down

Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.

Petra Diamonds may breach debt covenants on troubles in Tanzania

The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.

Barrick named to Dow Jones Sustainability Index

The company was also included in the Dow Jones Sustainability North America Index for the 11th consecutive year.

Petra Diamonds shares crater after Tanzania seizes $15 million shipment

The diamond miner also had to halt operations at its Williamson mine as several key employees are being questioned by local authorities.

Tanzania kicks off probe into Petra Diamonds contract, orders officials to resign

President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.

Argentina to ramp up exploration

Mining Development sub-secretary expects exploration activities to rise by 2 per cent in 2017

Acacia pulls back from major gold mine in Tanzania

“The decision was driven by unsustainable cash outflows at the mine due to the concentrate ban and the operating environment,” company officials said in a statement.

Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero

Court of appeals says charges of “pollution, negligence and malpractice" still in place for 8 of 9 people.

Argentina’s Supreme Court to hear case on Barrick's mine

A federal court in Argentina has ruled that the country's Supreme Court should evaluate the government's request to suspend operations at Barrick Gold Corp's Veladero mine

Barrick Gold, Tanzania begin talks to resolve Acacia Mining dispute

The world’s largest gold miner hopes to reach an agreement over claims against its subsidiary and the country’s current ban on mineral concentrate exports.

Antofagasta, Barrick avoid Chile mine strike

Zaldívar produced 102,000 tonnes of copper in 2016.

Acacia Mining now hit with $190 billion tax bill in Tanzania

Shares collapsed on the news to close almost 21% lower in London. Barrick, which has a 64% stake in Acacia, also fell in both Toronto and New York.

Tanzania officials question Acacia Mining staff in legal spat with Gov’t

Early reports claimed that Tanzania had asked foreign workers of the gold miner to leave the country, but a spokesperson for the company denied that story.

Acacia agrees to pay higher taxes set in Tanzania new mining law

It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.

AngloGold taking Tanzania to UN court over country’s new mining law

The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.

Workers vote to strike at Antofagasta, Barrick mine in Chile

Zaldívar produced more than 100,000 tonnes of copper last year.

Tanzania suspends granting of new mining licences

President John Magufuli has also ordered the mining ministry to freeze the renewal of expired permits.

Tanzania-focused miners face fresh challenges as country passes new laws

The two new laws allow the government to force mining and energy companies to renegotiate their contracts.

Argentina lifts curbs on cyanide use at Barrick's Veladero mine

While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.

Argentina passes mining act expected to create 125,000 new jobs

Agreement is part of plan to double investment in the sector to $25bn in eight years.

Tanzania says Barrick to pay money owed by Acacia to Gov’t

Barrick confirmed chairman John Thornton met President John Magufuli for talks Wednesday, but didn't mention the details of what, if anything, had been agreed.

Tanzania accuses Acacia of illegal mining in fresh blow to Barrick’s subsidiary

Government accused the gold miner of operating illegally in the country and said it has been evading taxes.