African Barrick Gold plc (LSE: ABG) is a gold mining business operating in Tanzania. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The business was established as a unit of Barrick Gold when that company started mining in Tanzania in 2000. It was floated off by Barrick Gold and first listed on the London Stock Exchange in 2010.
Barrick's involvement in Tanzania begun in 1999, when the company purchased the Bulyanhulu property as part of its acquisition of Sutton Resources Ltd. Barrick then acquired Buzwagi and Tulawaka as part of its acquisition of Pangea Goldfields Inc. in 2000. Finally, in 2006, Barrick acquired North Mara, when it took over Placer Dome.
In the financial year 2009, the ABG's four operations produced a combined amount of 716,000 attributable ounces of gold, a 31.5% increase from 2008.