Tanzania Takes Round One As Mining Giant Backs Down

Tanzania seems to have won the first round of its dispute with Acacia Mining after the company agreed to hold discussions with the government on the construction of a smelting plant.

But the two sides issued conflicting statements on the status of the repayments of under-declared exports, after a meeting between President John Magufuli and John Thornton, chairman of Canadian firm Barrick Gold Corp, which owns 63.9 per cent stake in Acacia Mining Plc.

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