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Nichola Saminather

Barrick CEO believes Acacia offer is fair after extending bid deadline

1:56am IST

Barrick Gold Corp, the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday.

Gold rally narrows Acacia Mining, Barrick Gold offer gap ahead of deadline

17 Jun 2019

TORONTO/LONDON Ahead of Tuesday's deadline for Barrick Gold Corp to make a firm buyout bid for its Acacia Mining unit, a gold rally has eroded, but not eliminated, a discount and big Acacia shareholders say they still oppose the offer.

Acacia investor Odey against any 'best and final' offer from Barrick

13 Jun 2019

TORONTO/LONDON British hedge fund Odey Asset Management said on Thursday it would reject any offer from Barrick Gold Corp for its stake in Acacia Mining Plc that is framed as "best and final," becoming the second Acacia investor to publicly oppose the Canadian mining giant's buyout proposal.

Exclusive: Zambian government has no plans to seize First Quantum - sources

11 Jun 2019

LUSAKA/LONDON/TORONTO Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters.

Barrick's offer for Acacia Mining reflects Tanzania risk: CEO

25 May 2019

LONDON/TORONTO Barrick Gold Corp's offer to buy the rest of Acacia Mining for $787 million is fair because the Canadian company is taking on more risk by increasing its exposure to Tanzania, its chief executive said on Friday.

Barrick's offer for control of Acacia Mining reflects risk- CEO

24 May 2019

LONDON/TORONTO, May 24 Barrick Gold Corp's offer to buy the rest of Acacia Mining reflects the risk the Canadian-listed mining company faces in increasing its exposure to Tanzania, its chief executive said on Friday.

Barrick's buyout offer for Acacia unit irks minority shareholders

23 May 2019

Barrick Gold Corp's proposal to take full control of its Acacia Mining Plc unit to resolve a long-standing tax dispute with Tanzania has drawn the ire of Acacia's minority shareholders, who may have the ultimate vote on a deal.

Barrick seeks early-stage projects as it sells $1.5 billion of low-growth mines

09 May 2019

TORONTO Barrick Gold Corp, the world's second-largest gold producer, said on Wednesday it remained open to new investments, even as it plans to shed $1.5 billion of less productive mines.

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