Internecine fighting takes its toll as each company wants to assert its right to reach a negotiated settlement with the east African country's tax authorities
Subsidiary argues it was in constructive dialogue with the east African country’s government over a tax dispute before Barrick butted inA bulldozer moves rubble at a mine in Tanzania. Picture: BLOOMBERG/TREVOR SNAPP
Acacia’s interim CEO Peter Geleta said in an interview that Acacia was “totally committed to achieving a negotiated solution” and laid out what he said was a series of facts. Acacia has been excluded from the negotiations since Barrick’s intervention, but Geleta said the company was engaging constructively with local, regional and national governments and had turned around “a failing business” in Tanzania.
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