Tag: Barrick Gold

Kibali’s $500 million will be cleared to leave Congo ‘very soon’: Barrick CEO

JOHANNESBURG (Reuters) - Barrick Gold’s Kibali gold mining joint venture in Democratic Republic of Congo will be able to get $500 million out of the country very soon, CEO Mark...

Here’s what makes DRC mining sector a strategic economic driver for the country

Copper production in the Democratic Republic of Congo (DRC) increased by 17 per cent year-on-year to 1.433 million tons in 2019. It is projected that by 2027, demand for copper will surge by 900 per cent. How is DRC positioning itself to increase supply and satisfy this demand? Still in DRC, Barrick Gold announced that it would not approve Congolese parastatal, Société Minière de Kilo-Moto’s (SOKIMO) intended sale of its 10 per cent interest in the Kibali Gold Mine to AJN Resources. Yves Kabongo, Vice Chairman of Makutano Foundation joins CNBC Africa for more.

Tanzania, Canada’s Barrick Gold sign deal to settle tax dispute

Between a new deal being signed with Canadian company Barrick Gold, speculation about a possible travel ban and this country's shilling losing ground since the beginning of the year, Tanzania's markets seem to be going through the wringer this week. Bankable Partner, Ivan Tarimo joins CNBC Africa for more.

What you need to know about Barrick Gold’s deal with Tanzania over Acacia Mining

Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month.