Discussions over ban on mineral concentrate export
Barrick Gold Corporation Executive Chairman John L. Thornton met today with the President of the United Republic of Tanzania, His Excellency Dr. John P. Magufuli, to discuss issues pertaining to Acacia Mining plc, and the country’s current ban on mineral concentrate exports.
The meeting was constructive and open, with the parties agreeing to enter into negotiations to seek a resolution that is in the best interests of all stakeholders, including Tanzania, Barrick, and Acacia.
The Barric Lumwana copper mine is located in Zambia's Northwestern Province, in one of the most prospective copper regions in the world. Lumwana ore, which is predominantly sulfide, is treated through a conventional sulfide flotation plant, producing copper concentrate for smelting.