A miner inside the Bulyanhulu gold mine in northern Tanzania. PHOTO | FILE
Acacia Mining’s top executives have quit barely two weeks after
the holding firm Barrick Gold struck a $300 million deal with Tanzania
to resolve a tax dispute.
Acacia announced Thursday
that its chief executive Brad Gordon and the chief financial officer
Andrew Wray have resigned, but will remain until the end of the year to
ensure a smooth transition.
“Mr Gordon will be
returning to Australia for family reasons, while Mr Wray is pursuing an
opportunity elsewhere,” the firm said in a statement.
Mr
Gordon will be replaced by Peter Geleta, the head of organisational
effectiveness, as the acting CEO, while Jaco Maritz, the finance general
manager, replaces Mr Wray.
“Both appointments will be effective from 1 January 2018,” the firm said.
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