Acacia to Scale Down Operations at Flagship Ugandan Mine
Acacia Mining intends to reduce "unsustainable" operations at its Bulyanhulu Mine due to a $15 million per month mismatch between expenditure and income, the company says, blaming a ban on the export of gold and copper concentrates.
Acacia Mining Plc.
The government has started talks with Barrick Gold, the majority shareholders of Acacia Mining, to resolve the tax dispute and a ban on export of metallic mineral concentrates. ... Read more »
Acacia Mining shares plunged to a three-year low after the Tanzanian government demanded that the company pay almost $190 billion (Sh424 trillion) in unpaid taxes and fines. Acacia ... Read more »