Acacia complains of “increased pressure” as senior employee held
THE relationship between Acacia Mining and the Tanzanian government appears to have deteriorated with the company today complaining of "increased levels of pressure" on...
Acacia shares plummet 20% as Tanzania lodges $190bn claim
ACACIA Mining owed the Tanzanian government $190bn related to alleged under-declaration of concentrate exports between 2000 and 2017, according to notices of adjusted assessment...
Acacia may put Bulyanhulu into mothballs as cash diminishes
ACACIA Mining is to put its Bulyanhulu gold mine on care and maintenance at the end of the current quarter under pressure of a...
Pan African to study EGM shaft reopening in effort to boost...
PAN African Resources (Pan African) could add a fifth to its current annual gold production if a feasibility study to mine from a closed...
Shanta Gold in business review following Tanzania legislation
SHANTA Gold is to conduct a business review of its activities and cost base following controversial new legislation in Tanzania where it operates the...
AngloGold may suspend Geita underground project – Moody’s
ANGLOGOLD Ashanti was likely to suspend the underground development project at its Tanzanian mine Geita and redeploy the capital to other low-cost mines in...
Acacia accepts 50% lift in royalty as Tanzania turns the screw
ACACIA Mining will comply with part of newly enacted legislation in Tanzania which increases revenue-based royalties to 6% from the previous levy of 4%.
The...
AngloGold turns to UN arbitration as law changes threaten Geita
ANGLOGOLD Ashanti joined Acacia Mining in entering into arbitration over legislative changes in Tanzania which entitles the East African country's government to renegotiate business...
Centamin output falls but starts to edge out of low grade...
CENTAMIN, the UK-listed gold producer that operates the Sukari gold mine in Egypt, said second quarter gold production would come in at 124,641 ounces,...
AngloGold shoulders broad enough to support SA mine cuts
THE pros and cons of AngloGold Ashanti spinning off its South African assets was given a repeat airing several months ago in a report...