Barrick buys out gold miner

PORGERA gold mine owner Barrick Gold has met with its 63.9%-owned subsidiary Acacia Mining and proposed a buy-out of the shares it does not already own.

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Workers at Bulyanhulu gold mine in Tanzania

Barrick has offered 0.153 of a share for every one Acacia share held.
 
The proposed offer values at $US787 million, with total consideration for the 36.1% stake being $285 million.