Acacia Mining

Acacia - Unearthing Africa's Potential.

Contact us - Acacia Mining

Dar es Salaam office. Tanhouse Tower Plot number 34/1. Ursino South, New Bagamoyo Road Dar es Salaam Tanzania. Phone Number: +255 22 2164 200. Fax Number: +255 22 2164 201...

Acacia Mining - Wikipedia

Acacia Mining is a gold mining business operating in Tanzania, with exploration properties in Kenya, Burkina Faso and Mali. It is listed on the London Stock Exchange and the Dar es Salaam Stock Exchange under the ticker ACA, and is a constituent of the FTSE 250 Index. Acacia's...

Acacia Mining plc | LinkedIn

About us. Acacia Mining plc (LSE:ACA), formerly African Barrick Gold, is Tanzania's largest gold miner and one of the largest producers of gold in Africa. We have three producing mines, all located in north-west Tanzania: Bulyanhulu, Buzwagi, and North Mara and a portfolio of exploration projects in Tanzania, Kenya,...

Barrick Strikes $300 Million Deal With Tanzania in Acacia Fight ...

Oct 19, 2017 ... It took a day, but Barrick Gold Corp.'s tentative deal with Tanzania's government to end a tax dispute at its African subsidiary is becoming clearer. In a press conference and two statements, the world's largest gold producer revealed that Acacia Mining Plc would pay Tanzania's government $300 million and...

Barrick-Brokered Tanzania Pact Leaves Acacia in the Dark ...

Oct 20, 2017 ... Tanzania banned exports of unprocessed gold in March and hit Acacia with a $190 billion tax bill in July, claiming the company had under-declared export revenue since 2000. The ban meant the London-based company was forced to stockpile output and curb mining at its flagship operation. Third-quarter...

Barrick Gold, Tanzania begin talks to resolve Acacia Mining dispute ...

Jul 31, 2017 ... Acacia Mining is Tanzania's biggest gold producer and operates three major mines in the country — Bulyanhulu, Buzwagi and North Mara (pictured). (Image courtesy of Acacia Mining). To say Acacia Mining (LON:ACA) is having a rough time in Tanzania is to underestimate the challenges the company,...

Acacia pulls back from major gold mine in Tanzania | MINING.com

Sep 4, 2017 ... Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, announced Monday that it will reduce operational activity at its Bulyanhulu Gold Mine. “The decision was driven by unsustainable cash outflows at the mine due to the concentrate ban and the operating environment,” officials said in a statement.

Acacia Mining shares shoot up after Barrick Gold, Tanzania strike ...

Oct 19, 2017 ... Soon after striking an agreement with the Tanzanian government, shares in London-listed Acacia Mining Plc rocketed up more than 20 per cent.

Barrick Reports Progress on Proposed Framework for Acacia Mining ...

Oct 19, 2017 ... TORONTO, October 19, 2017 — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company and the Government of Tanzania have agreed on a framework for a new partnership between Acacia Mining plc and the Government of Tanzania, whereby...

Company | Dar es Salaam Stock Exchange PLC

Acacia is one of the largest gold producers in Africa. We have three producing mines, all located in north-west Tanzania, and a portfolio of exploration projects across Africa...

Tanzania threatens to close down all gold mines - BusinessLIVE

Tanzania threatens to close down all gold mines. The threat follows reports that executives of Acacia were interrogated and the group's foreign workers asked to leave the country. 21 July 2017 - 11:48 Agency Staff. Picture: ISTOCK. Dar Es Salaam — Tanzania's President John Magufuli has threatened to close down all gold...

Tanzania, Acacia Mining agree on 50-50 revenue ... - Daily Nation

Oct 20, 2017 ... Tanzania government will also acquire a 16 per cent stake in each mine owned by Acacia Mining, owned by Barrick Gold.

Money Talks: Tanzania hits Acacia mining with a $190 billion fine ...

Jul 26, 2017 ... One of Africa's biggest gold producers - Acacia Mining has been hit with a 190 billion dollar tax bill in Tanzania. Daniel Ashby has more from Dar es Salaam....

Tanzania: Acacia says it is sourcing job opportunities for workers ...

Jan 2, 2018 ... Tanzania: Acacia says it is sourcing job opportunities for workers retrenched due to reduced mine operations ... In an event dubbed 'Career Fair' that took place at Buzwagi Gold Mines...about 20 mining companies expressed interest in recruiting competent staff from the two companies mainly in the mining,...

barrick gold sees the future in tanzania – acacia mining lost its way ...

Oct 26, 2017 ... By Samantha Cole of Tanzania Business Ethics It's clear Acacia Mining urgently need a change of leadership. Brad Gordon & others must resign. Anyone walking around Dar es Salaam this past week has heard non-stop talk about Barrick Gold. If anything is the talk of the town this week, it's Barrick Gold...

Acacia's terrible week ends with senior employee detained in ...

Jul 28, 2017 ... Acacia Mining's terrible week continued today after it emerged one of its senior employees in Tanzania was temporarily prevented from leaving the country, as part ... The slump comes after Acacia revealed the impact on its revenues of Tanzania's export ban on gold and copper ore on its interim numbers.

UK gold firm's subsidiary says can't pay TZ agreed $300m - Daily ...

Oct 23, 2017 ... Dar es Salaam. Acacia Mining has thrown a blanket into an agreement between the government and its majority shareholder Barrick Gold, declaring it is not in a position to pay Tanzania $300 million upfront to resolve a tax dispute. The London-based company, which operates Buzwagi, Bulyankhulu and...

Buzwagi Gold Mine, Shinyanga - Mining Technology

"The electricity used in the Buzwagi mine is being supplied by the national grid of the Tanzania Electric Supply ... It features two Knelson KC-XD48 concentrators, CS2000 ACACIA reactors, a primary jaw crusher, a SAG mill and a...

UPDATE 1-Barrick to give Tanzania mines stake, $300 mln to end ...

Oct 19, 2017 ... DAR ES SALAAM, Oct 19- Barrick Gold will give Tanzania a 16 percent stake in three gold mines, a 50 percent share in revenues from the mines and a one-off payment of $300 million to resolve a ... Tanzania is Africas fourth-largest gold producer, and Barrick's Acacia Mining Plc is its largest miner, with...

Acacia Mining to start talks with Tanzania government - Business ...

Jun 14, 2017 ... ABX Barrick Gold. 13.34 -0.31 (-2.30 %). Disclaimer Get real-time ABX charts here ». DAR ES SALAAM, June 14 (Reuters) - Acacia Mining will start discussions with the Tanzanian government to settle a row over unpaid taxes and other claims, the Tanzanian president's office said on Wednesday.

Acacia shares plummet 20% as Tanzania lodges $190bn claim ...

Jul 24, 2017 ... ACACIA Mining owed the Tanzanian government $190bn related to alleged under-declaration of concentrate exports between 2000 and 2017, according to ... Acacia said in May it had verified data showing that some 277 containers at Dar-Es-Salaam contained roughly 26,000 ounces of gold with each...

Acacia Mining alleges Tanzania pressure on staff, detention | The ...

Jul 28, 2017 ... Tanzanian authorities detained a senior international employee working for Acacia Mining at Dar es Salaam airport on Friday, the company said, following what it described as increased pressure on its staff. Tanzania's largest miner Acacia, majority-owned by Barrick Gold is locked in a dispute with the...

Acacia Mining shares plunge as Tanzania keeps ban on gold exports

May 24, 2017 ... Shares in Tanzania-focused gold miner Acacia Mining fell 30 per cent on Wednesday after the country accused it of under-reporting the amount of metal in its shipments and kept a ban on exports. Acacia said an investigation by Tanzania's presidential committee had found the value of minerals within...

Acacia Mining's Ticking Time Bomb: A Mine Closure Is Imminent ...

Jul 25, 2017 ... Acacia Mining still hasn't solved the concentrate export ban issue. Barrick Gold and Tanzania will discuss the situation at high-level talks. I expect Acacia to.

Tanzania's President Signs New Mining Bills into Law - VOA News

Jul 10, 2017 ... FILE - Tanzanian President John Pombe Magufuli gestures during a rally in Dar es Salaam, Tanzania, Oct. 23, 2015. ... Magufuli said on Monday that talks between Tanzania and Barrick Gold Corp., Acacia's majority owner, would begin in two days to try to resolve allegations of tax evasion against Acacia.

Acacia, Tanzania dispute intensifies over employee ... - Mining Weekly

Jul 28, 2017 ... Barrick Gold's majority-owned African business segment Acacia Mining has reported that a senior international employee of its subsidiary Pangea Minerals has been detained by Tanzania authorities. The official was prevented from leaving Tanzania on Friday morning and had his passport confiscated at...

Tanzania's Fight To Hold Mining Companies Accountable

Sep 21, 2017 ... In a similar investigation, this time involving Acacia Mining, a subsidiary of Barrick Gold, the world's largest gold mining company, a second government committee chaired by Professor Nehemiah Osoro, from the University of Dar es Salaam, discovered it had been selling the mineral concentrates (raw...

Barrick Gold to pay Tanzania US $300 million dollars ... - Coastweek

Jan 11, 2018 ... DAR ES SALAAM Tanzania (Xinhua) -- Barrick Gold Corporation, the world's largest gold mining company, said on Thursday it has agreed to pay the ... Tanzania is Africa's fourth-largest gold producer, and Barrick's Acacia Mining Plc is its largest miner, with three gold mines at North Mara, Buzwagi and...

Barrick Gold to pay Tanzania 300 mln USD over dispute - Xinhua ...

Oct 20, 2017 ... DAR ES SALAAM, Oct. 19 (Xinhua) -- Barrick Gold Corporation, the world's largest gold mining company, said on Thursday it has agreed to pay the ... Tanzania is Africa's fourth-largest gold producer, and Barrick's Acacia Mining Plc is its largest miner, with three gold mines at North Mara, Buzwagi and...

Acacia Mining North Mara Gold Mine (former Barrick Gold), Tanzania

Feb 24, 2017 ... The North Mara Gold Mine opened in 2002 and is one of the three gold-producing mines in Tanzania owned by the UK public company Acacia Mining (formerly African Barrick Gold), the biggest gold producer in Tanzania listed on the Main Market of the London Stock Exchange. The mine has produced...

Tanzania's biggest gold miner caught in tax evasion scandal

Apr 4, 2016 ... A Tanzanian tax tribunal has accused Acacia Mining Plc of running an elaborate tax evasion scam by falsely declaring losses in its gold mining operations in the country, while at the same time posting "huge profits" and paying dividends to its London-based shareholders.

Barrick's Acacia, Tanzanian gov't stay on collision course ...

Aug 3, 2017 ... The months-long showdown between Barrick Gold's 63.9%-owned subsidiary Acacia Mining and the Tanzanian government heated up in the last days of July, ... London-listed Acacia, formerly named African Barrick Gold, is the biggest gold miner in Tanzania, with three substantial operations: Bulyanhulu,...

CADTM - Canada's hand in Tanzania mining fraud

Aug 4, 2017 ... The Canadian mining giant Barrick Gold's African subsidiary, Acacia Mining, is embroiled in a major political conflict in Tanzania. With growing evidence of its failure to pay royalties and tax, Acacia has been condemned by President Magufuli, had its exports restricted and slapped with a massive tax bill.

Acacia Mining plc says Tanzania mines will continue to operate ...

Jun 13, 2017 ... Acacia Mining (LON:ACA) - Acacia Mining has denied claims by the Tanzania government that it has been evading taxes and under-representing the amount of gold in concentrates it exports.

A brutal lesson for multinationals: golden tax deals can come back ...

Jul 6, 2017 ... The FTSE 250 company is the largest gold producer in the country, and has long faced criticism for the amount of tax it pays there. Acacia's “payments to government” report [pdf] released last week shows that the company, which operates three mines in Tanzania, exported $1bn (£770m) of gold, copper...

Inflated Expectations about Mineral Export Misinvoicing are Having ...

Jun 23, 2017 ... At the Buzwagi and Bulyanhulu gold mines in Tanzania, and at the Port of Dar Es Salaam, around a thousand containers of copper-gold concentrate (a processed product between rock and refined metal) are stockpiling. They belong to Acacia Mining PLC, who operate the two mines, and are not moving...

Tanzania, Barrick Gold start talks to resolve tax dispute with Acacia ...

Jul 31, 2017 ... Tanzania's government and Canada's Barrick Gold have started talks to resolve a tax dispute involving Acacia Mining, the president's office said on Monday. The government accuses Acacia, in which Barrick holds a majority stake, of evading taxes over the years by under-declaring exports. Acacia denies...

Tanzanian accuses Acacia of mining gold illegally | IOL Business ...

Jun 12, 2017 ... Tanzania's government accused Acacia Mining of operating illegally in the East African country and said mining companies have been evading taxes.

Barrick, Acacia at odds with gov't in Tanzania - The Northern Miner

Jun 19, 2017 ... VANCOUVER — Barrick Gold's (TSX: ABX; NYSE: ABX) senior management is preparing for negotiations over an evolving sociopolitical situation in Tanzania that could lower its gold production from the country. The company holds a 63.9% equity stake in Acacia Mining (LON: ACA), which was spun out...

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