Barrick president says ‘very positive’ on Tanzania talks over ban

July 27, 2017

Responsive image

Barrick Gold, the world’s largest gold miner by production, has an “open mind” and is “very positive” about talks getting underway with Tanzania to resolve an export ban, President Kelvin Dushnisky told Reuters on Thursday.

Barrick subsidiary Acacia Mining has two mines affected by a ban that Tanzania introduced in March, accounting for some 6% of Barrick’s 2017 gold production forecast. Barrick maintained its forecast for output of 5.3-million to 5.6-million ounces of gold, but cautioned that could change.

Category: General