Home Business Ban on gold concentrates crashes Acacia’s mining revenue
Ban on gold concentrates crashes Acacia’s mining revenue
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Ban on gold concentrates crashes Acacia’s mining revenue

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The ban on export of gold and copper concentrates has caused Tanzanian
Gold miner, Acacia Mining, the loss of more than $1 million in revenue.

Tanzania’s energy and minerals ministry announced a ban earlier this month putting 30 per cent of Acacia’s revenue at risk.

Acacia, majority owned by Barrick Gold, has three gold mines in Tanzania that also produce copper.

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