Tanzania government set to resolve tax row with mining firm

Tanzanian President John Magufuli has pledged to secure a bigger share of resource wealth and cut corruption, may also review the deal. [Photo: Courtesy]

JOHANNESBURG/TORONTO- Barrick Gold Corp has made progress in talks with the Tanzanian government to resolve a nearly 2-year-long tax dispute, but it is premature to say a deal has been reached, a person familiar in the matter told Reuters on Wednesday.

Government officials met last week with executives from Toronto-based Barrick and Randgold Resources Ltd, which Barrick is acquiring, to discuss the issue, said the source, who declined to be identified due to the sensitivity of the talks.