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.