Tanzania has given Barrick Gold-subsidiary Acacia Mining (LON:ACA) until March 30 to stop waste water pollution at its North Mara mine or face a shutdown, but the country’s No.1 gold producer said Friday a brief spill affecting the operation has already been halted.
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Acacia Mining on Tuesday reported that a senior manager of its Tanzanian businesses had been arrested and charged by the Tanzanian Prevention and Combating of Corruption Bureau (PCCB).
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Acacia Mining (LON:ACA), Tanzania’s No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country’s anticorruption authority.
Read MoreAcacia Mining (LON:ACA), Tanzania’s No.1 bullion producer, has scrapped its 2017 dividend after a long-running dispute with the government of the East African nation cost the company $700 million in annual loss.
Read MoreAcacia 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.
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