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BRIEF-Barrick comments on release of second presidential committee report on concentrate exports in Tanzania
June 12, 2017 / 1:58 PM / a month ago

BRIEF-Barrick comments on release of second presidential committee report on concentrate exports in Tanzania

1 Min Read

June 12 (Reuters) - Barrick Gold Corp:

* Barrick comments on release of second presidential committee report on concentrate exports in Tanzania

* Believe negotiated resolution to ongoing dispute between Acacia Mining and Tanzania government is best way to achieve "fair and reasonable" outcome

* Holds 63.9 percent equity interest in Acacia, publicly traded company listed on London Stock Exchange that is operated independently of Barrick​

* Operations impacted by current ban on concentrate exports account for approximately six per cent of Barrick's 2017 gold production guidance

* In total, Acacia accounts for approximately 10 percent of Barrick's 2017 gold production guidance

* Company's current 2017 guidance assumes a contribution of 545,000-575,000 ounces of gold (63.9 percent basis) from Acacia Source text for Eikon: Further company coverage:

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