Tanzania: Acacia, Endeavour Merger Talks Called Off

ACACIA Mining, the largest mining firm in the country, has dumped a 3.0billion pound bid to acquire Canada's Endeavour Mining.

The merger talks, according to a statement issued yesterday came to a halt at both gold mining firms doubting the value of the deal to their respective shareholders. Acacia confirmed through a press statement that it has decided not to progress towards a combination of the two businesses.

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