In 2017, Acacia Mining paid a total of $202.175 million in taxes and royalties to countries where it operates, 10% higher than the previous year. However, excluding indirect taxes, this reflects a decline by 12% compared to 2016 mainly due to a drop in gold concentrate sales over disputes with Tanzania which hosts the company’s largest assets.
In a new report released today June 25, the subsidiary of UK-based Barrick Gold said it paid Tanzania a total of $194.798 million, $501,000 in Kenya and $675,000 respectively in Burkina Faso and Mali. Moreover, the company paid $1.35 million in South Africa and $4.842 million to the UK.
“We are delighted to publish our third Payments to Governments report as part of our commitment to running our business transparently and demonstrating the economic benefits that our host countries and stakeholders receive from our operations,” said CFO Jaco Maritz (photo).
During the period under review, the company recorded a decline by 7% to 767,883 ounces in gold production and a net loss of $707 million.
Louis-Nino Kansoun
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Nigeria, Nestlé sign MoU for dairy training center in Abuja Center to train farmers in breeding, ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
DRC secures $3.1 million UK funding for agricultural SMEs Program to support 5,000 farmers, including women-led businesses Initiative targets...
Rwanda secures €213 million financing backed by World Bank guarantee Loan features 15-year maturity, six-year grace period on principal Funds to...
Emmanuel Elolo Agbenonwossi, an international consultant in cyberdiplomacy and AI governance, has emerged as one of the more outspoken African voices on...
AfDB approved $755m across 18 projects between January and mid-April 2026, a 443% jump on the same period last year — its strongest start since...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...