chagu wa malunde unacheka nini mkuu? Walioingia deal na Acacia wakatusabishia hizo hasara wako wapi?
As has been widely reported, for the past two years, Barrick has been endeavoring to seek a settlement of Acacia’s disputes with the Government of Tanzania (the “GoT”) and to find a workable tax and regulatory framework for Acacia going forward. Due to requirements of the GoT, Acacia has not been able to participate in these meetings, but Barrick has been working in good faith with the consent and support of Acacia and the Independent Directors. Barrick has provided regular updates to the Independent Directors and Acacia management as well as the opportunity to review and comment on documentation flowing from these negotiations. The negotiations with the GoT have advanced to the point where draft documentation now has been initialed by the GoT, albeit with a number of substantive issues still outstanding.
The GoT has, however, now made it clear that it is not prepared to enter into settlement agreements directly with Acacia. In Barrick’s view, it is now clear that the relationship of Acacia with the GoT has been so damaged by the events that led to the concentrate ban being imposed by the GoT in March 2017 and by the subsequent arbitration proceedings initiated by Acacia against the GoT, that it is no longer possible for Acacia to continue to function as an independent public company, with substantially all of its value represented by assets in Tanzania.
Further Update Concerning Acacia Mining plc – Situation in Tanzania and Review of Acacia Mine Plans