PRECIOUS METALS

Barrick responds to subsidiary's US$1.2M annual payments

Barrick published an official response to a report by Canadian newspaper <i>The Globe and Mail</i> on payments made by Barrick's UK subsidiary to Tanzanian law enforcement officials between 2008 and 2015.

  Barrick's North Mara gold mine in Tanzania. Source: Barrick

Barrick's North Mara gold mine in Tanzania. Source: Barrick

The Globe and Mail reported that Acacia, Barrick's former subsidiary, was paying as much as US$1.2 million annually to dozens of civil servants who are part of the Tanzanian national law-enforcement task...

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