Twiga pays maiden dividend

Twiga Minerals Corporation, the joint venture between the Tanzanian government and Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX), has paid a maiden interim cash dividend of US$250 million in line with Barrick’s commitment to generate value for all stakeholders through the 50/50 partnership.

Since Barrick took over the former Acacia Mining’s assets in Tanzania just over a year ago, it has paid approximately US$205-million to the government in taxes, royalties and dividends in addition to the first payment tranche under the two parties’ agreement to settle pre-Barrick disputes.

Pin It

crown publications logo reversed

Crown Publications, one of South Africa’s largest business-to-business publishing houses, came into existence in 1986. Since then, the company has grown from producing a single magazine, Electricity SA (renamed Electricity+Control), to publishing six monthly magazines, three quarterlies, and a number of engineering handbooks.

EDITOR’S PICK

AFRICA UPDATES

POST GALLERY