Barrick Gold and Tanzania reach agreement, govt to take stake in mines
DAR ES SALAAM (Reuters) - Barrick Gold has agreed that Tanzania will own a 16 percent stake in three gold mines operated by Barrick's Acacia Mining Plc, the company and a government minister announced on Thursday. Barrick Chairman John Thornton told a news conference in the Tanzanian capital that the company had also agreed to pay Tanzania $300 million as a show of good faith. The company and the government have been in talks for months aimed at resolving a dispute over an export ban which has hit Acacia Mining. (Reporting by Fumbuka Ng'wanakilala; writing by Maggie Fick; editing by Jason Neely)