Tag: Acacia Mining

Acacia Mining delists from Dar es Salaam Stock Exchange

According to the Dar es Salaam Stock Exchange Plc, Acacia mining officially delisted from the bourse on Monday, two months after the company was delisted from the London Stock Exchange (LSE) Group. This will cut the DSE's total market capitalization by $1.182 billion. Also Vodacom Tanzania earnings rose by 6.5 per cent in the six months to September 2019, driven by strong revenue growth in its M-Pesa, mobile data and messaging services. Alpha Marwa, Managing Partner at Vervet Global Tanzania joins CNBC Africa for more.

What you need to know about Barrick Gold’s deal with Tanzania over Acacia Mining

Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month.

Acacia Mining chief executive and financial head quit

Acacia Mining said on Thursday its chief executive and chief financial officers had resigned and appointed temporary replacements in the midst of negotiations to end a long running dispute with the Tanzanian...

Acacia warns of higher cash burn due to Tanzania mine closure

Gold producer Acacia Mining will likely burn $15-20 million in cash as it shuts down a mine in Tanzania due to a persistent ban on the export of concentrates, its chief executive...

Tanzania says not targeting Acacia staff in immigration crackdown

Tanzania is not targeting foreign employees of Acacia Mining Plc, the immigration department said, adding that the temporary detainment of one the London-listed miner's senior staff was part of wider checks in...

All bets off as Magufuli’s resource nationalism moves up a gear in Tanzania

Dan Paget | University of Oxford   The Tanzanian government has asked Acacia Mining, a subsidiary of the world’s largest gold mining company Barrick Gold, to pay approximately USD$190 billion in revised taxes, interest and fines. This...

Tanzania tax row knocks Acacia Mining shares

Acacia Mining's shares fell for a sixth straight session on Tuesday, a day after the gold miner was hit with a tax bill of more than $190 billion by the Tanzanian government. Shares...
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