In a separate press release, Barrick said the GoT has made it clear that it is not prepared to enter into settlement agreements directly with Acacia. "In Barrick's view, it is now clear that the relationship of Acacia with GoT has been so damaged by events that led to the concentrate ban being imposed by the GoT in March 2017 and by the subsequent arbitration proceedings initiated by Acacia against the GoT that is no longer possible for Acacia to continue to function as an independent public company, with substantially all of its value represented by assets in Tanzania," the gold mining giant said.