Tanzania Clears Barrick’s Gold For Export

Tanzania has cleared gold concentrate containers belonging to Twiga Minerals a subsidiary of mining giant Barrick’s  for export.

This comes four months after the government of President John Magufuli lifted an export ban imposed during a tax dispute according to authorities.

“Those who are responsible for executing the order according to the law have finished the procedures and Twiga has been allowed (to export the containers),” Simon Msanjila, permanent secretary at the ministry of minerals was quoted by Reuters news agency.

Barrick CEO Mark Bristow told Reuters on Jan. 27 the gold was worth $260-$280 million. Barrick declined to comment when asked about the export.