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Tanzania to get $40m payment from Barrick Gold on Oct 13

12th October 2020

By: Bloomberg

  

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Tanzania will receive about $40-million from Barrick Gold Corp on October 13 as part of a payment settlement with the company.

President John Magufuli will oversee the event, the ruling CCM party said in a statement. It’s part of the $300-million settlement between Tanzania and Barrick Gold to end a tax dispute. Barrick Gold paid the first installment of $100-million in May.

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Edited by Bloomberg

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