The Globe and Mail reports in its Tuesday edition that Barrick Gold is trying to patch up its tense relationship with the Tanzanian government by paying taxes ahead of schedule and spending $2-million (U.S.) on advertising. The Globe's Geoffrey York writes that Barrick's Acacia Mining has faced a barrage of attacks from political leaders and media commentators in Tanzania, where it owns three gold mines. "Governments, probably rightly, don't think they're getting a fair share of the wealth," Acacia chief executive officer Brad Gordon told The Globe. "So we need to get smarter about how that wealth is distributed. I just think we need to look at the distribution of that wealth and how taxes are paid." Under agreements signed when Acacia's predecessors first entered the country, the company was able to pay no corporate taxes in Tanzania for a 15-year period. "There's just no trust," Mr. Gordon said. "They talk about the billions of dollars that have been ripped out of the continent over a long, long time. ... It's almost an intractable situation, but somehow, we've got to fix it." As for the ad campaign: "We don't just want to be seen as a mining company. We market ourselves more like a consumer-products company."
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