The months-long showdown between
Barrick Gold’s 63.9%-owned subsidiary
Acacia Mining and the Tanzanian government heated up in the last days of July, with Acacia reporting that one of its senior international executives was prevented from leaving the country on July 28, with his passport seized and detention at Dar es Salaam airport. After what Acacia calls “legal intervention,” he was later released and his passport returned.
Acacia said the incident “follows increased levels of pressure from government agencies on Acacia employees” and the company vowed to “support our people.”
London-listed Acacia, formerly named African Barrick Gold, is the biggest gold miner in Tanzania, with three substantial operations: Bulyanhulu, Buzwagi and North Mara. It also has exploration projects in Tanzania, Kenya, Mali and Burkina Faso. …
The situation came to a boil in March when the Tanzanian government, led by President John Magufuli, banned export of mineral concentrates from the country – something most gold producers depend upon, and which directly affects Bulyanhulu and Buzwagi.
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