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Acacia Mining said that it was not yet clear when a dispute with the Tanzanian government about its gold exports would be resolved, saying that he wanted a "global" agreement.
The London-based miner is still waiting for its largest shareholder, Barrick Gold, to negotiate an agreement with President John Magufuli's government, after having stopped Acacia from exporting last July and declared having to pay $ 190 billion. taxes.
"We have not received any proposals so far," said General Manager Peter Geleta at the Financial Times. "We have made it clear that for Acacia, for our board to consider, it must be a comprehensive settlement that removes all areas of conflict."
Last month, Barrick , which owns 64% of Acacia, said that it will not provide a timetable for the completion of discussions after missing a deadline planned to solve the problem by the first half here of this year.
"We are obviously disappointed that the initial schedule was not respected," said Geleta.
"Personally, it's better that it hangs out and we get a lot of things than moving to an agreement that's not good."
million. Geleta said Barrick had told Acacia that the discussions were constructive and progressing, but difficult to assess what that meant since the company was not involved in the negotiations.
In February, Acacia reported having had talks with Chinese mining companies that wanted to acquire a stake in the Acacia assets in Tanzania. Mr. Geleta said that this is conditional on a resolution of the dispute with the government.
This month, Barrick said he would consider joint acquisition or asset sale opportunities with his partner Shandong Gold Group.
Acacia released its first-half results on Friday, saying its revenues fell 15 percent in the first half of the year to $ 333 million. Ebitda, the measure followed by analysts, was $ 133.6 million, below expectations of $ 150 million.
Acacia shares fell 1.6% to trade at 115.6p.
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