Toronto-based Barrick Gold Corp. on Friday announced a US$428-million all-share proposal to acquire the remaining 36 per cent of its troubled subsidiary Acacia Mining PLC, which has been locked in an escalating, years-long standoff with the Tanzanian government. The deal is not expected to close until the fourth quarter, but would mark a victory of sorts for Barrick chief executive Mark Bristow, who had promised to resolve what he described as a “lose-lose” situation in Tanzania. After months of hard-fought negotiations with Acacia shareholders over the value of their company, Bristow will be in a position to take ... (full story)