Tanzania will receive about $40 million from Barrick Gold Corp. on Oct. 13 as part of a payment settlement with the company.
President John Magufuli will oversee the event, the ruling CCM party said in a statement. It's part of the $300 million settlement between Tanzania and Barrick Gold to end a tax dispute. Barrick Gold paid the first installment of $100 million in May.
Read more: Barrick Gold Paid First Tranche of $300m Tanzania Settlement
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