Barrick and Acacia Reach Buyout Deal

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kirk git

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For the past two years, Acacia Mining Plc has faced deteriorating relationships with its largest shareholder, Barrick Gold Corp. and the government of Tanzania. Now, one of those battles has found a truce.

The two companies said Friday that they reached a deal for Barrick to buy the roughly 36% stake in Acacia it doesn’t already own. Barrick sweetened its offer to win over Acacia shareholders, some of whom had decried the previous bid as too low. The new offer has an implied value of about 232 pence per Acacia share, a 24% premium to the closing price on Thursday.

“Given all the circumstances, this is possibly the best outcome,” Acacia’s acting Chief Executive Officer Peter Geleta said by phone.

The agreement paves the way for Barrick to negotiate with Tanzania in hopes of resolving a public battle that crippled Acacia’s operations in the country, where it runs three gold mines. Acacia hopes the talks will help set up a “new partnership” with the Tanzanian government, Geleta said.

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Mkikuyu- Akili timamu said:
This is the best news today!! Wako wapi kina Tundu lissu na Zitto kabwe mawakili wakuu wa Accacia? Tulipewe mikwara humu eti Tz ikiwagusa accacia nchi itauzwa bei..
Yaani JPM shupavu na Jasiri
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😁😁 Tuliambiwa MIGA inatuhusu, wakasema nchi inaenda kupigwa mnada,

Badala yake tunaenda kumiliki mgodi with free carry out share 16% with exclusive gross profit of 50% to Tanzania

They going to locate the company HQ in Tanzania

Free 300$M

Pesa zote zinazohusiana na uwekezaji zitawekwa kwenye mabank ya Tanzania

Watanzania wanaenda kupata nafasi kubwa kwenye board of directors

No entry for international arbitration

Sourcing their all products and services within Tanzania and if otherwise the government will grant the permit to outsourcing outside.

Highly improved workforce conditions and benefits from permanent and decent housings and transport to mouthwatering salaries

Exclusive mandatory of Tanzania to intervane on mineral pricing and the whole business process.

They are going to build the smelter in Tanzania thus more power bills more jobs, more revenues, more investments, more products

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Katafute hizo documents usome mwenyewe, acha kumsikiliza mwendawazimu Zito Kabwe.
Haya ni mafanikio kwa wapenda nchi na sio wapinga maendeleo kama Zito na Chadema.
 

Haya mambo sio yeye muulize aliyevunja sheria na kuyapeleka ikulu akutaka bunge haswa wapinzani watie neno baada ya kabla ya haya walisema sema sana wakina lissu na zitto awakusikilizwa kabs
 
number41 said:
Usiangalie picha wakicheka hao kasome pdf ipo kwenye uzi wa zitto kule mkuu alafu uje tena na story
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Hiyo ni board report kuhusu uuzwaji wa shares za acacia, kuna company mpya itakayoundwa kati ya Tanzania na Barrick ambapo ndipo kutakapotekelezwa mapendekezo yote watakayoafikiana.

Sasa pale kuna kipi cha maana? Sababu hakuna makubaliano yoyote yaliyofungwa kati ya serikali na Barrick na hakuna company mpya kati ya serikali na Barrick iliyoundwa mpaka sasa.
 

Ina maana unajitoa ufahamu hujasma draft contract kati ya GoT na Barrick ya tangu 2017, yaani mumepigwa tu hamna jipya, nyie ni wale wale tu.
 
MK254 said:
Ina maana unajitoa ufahamu hujasma draft contract kati ya GoT na Barrick ya tangu 2017, yaani mumepigwa tu hamna jipya, nyie ni wale wale tu.
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Draft ipi hiyo ulioiona wewe?

Hii ndio unaiita draft ya serikali na Barrick?

 

Sawa hata kama ingekua ni wimbo wa board ya kampuni mkuu sasa iyo kampuni itakayokuja itafanya mambo tofauti na maelezo hayo au we umesoma kioengele kimoja tu mkuu zipo page 19 soma yote au hiyo draft ni fake mkuu nipe elimu nikuelewe au maelezo yote yanasema kuundwa kampuni ya pamoja got na barrick tueleweshane
 
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