Barrick Gold Mining News

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 more than 25% 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.

Barrick Gold buys Nevada mining project from former partner

The Robertson Property located about 96km (60 miles) south of Elko, Lander County, Nevada.

Shandong to borrow $1.26B to buy half of Argentinian gold mine

Top Chinese gold producer Shandong Mining will have to arrange financing before unlocking its half of the Veladero mine in Argentina.

Strike at Barrick’s Veladero mine suspended

Union at Barrick's troubled operation, Argentina's largest gold mine, says strike will resume if there's no deal after two weeks of talks.

World’s largest gold miner hit by Tanzania export ban

Barrick's comments come on the heels of a report published this week, which claims its Tanzanian subsidiary has been under-reporting the amount of metal in its shipments to evade taxes.

Tanzania outs mining minister over alleged collusion with companies to evade taxes

Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.

Australian-Barrick partnership eyes substantial gold upside in Guyana

An Australian company which has teamed up with the largest gold company in the world to exploit a corner of Latin America’s untapped mineral riches, says the bulk of Guyana’s gold production has only “just scratched the surface”.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Barrick may face 'negligence' charges over latest spill at Veladero — report

Local judge says the company failed to complete improvements that could have prevented the latest cyanide spill, the third such accident in less than 18 months.

Gold stocks sell off – Barrick drops 11%

Gold price under pressure.

Barrick shares hammered after slashing production guidance

Ongoing problems at its Veladero mine in Argentina following spill.

Barrick, Cisco, Great Basin College announce partnership providing free digital career training for employees, other northern Nevadans.

$400,000 investment will help participants pursue IT focused exploratory, foundational, and career-ready courses

Goldcorp begins friendly $247 million takeover of Exeter

Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.

Newmont gets fresh shot at top gold miner spot

Chinese back out of $1.5 billion deal for Barrick's Kalgoorlie stake – JV partner Newmont has long expressed interest in acquiring half of Super Pit.