Gold Concentrates In Africa
Acacia Mining hit as Tanzania bans gold and copper ore
Africa Asia Pacific Emerging Markets Europe plunged by as much as a fifth on Friday after Tanzania unexpectedly banned exports of gold and copper ore The east African country s ministry of energy and minerals said the embargo — which also covers copper nickel and silver ores — would take effect immediately The ban intends to make sure
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The gold producer which has been locked in tax dispute with the government said it will stop mining and processing of underground ore in the next four weeks The tax demand in addition to a concentrate export ban has put a strain on the London Stock Exchange listed firm cash flow Acacia Mining
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Data shows the country could be one of top two gold producers in Africa Just how much gold Acacia produced and sold 250 000 ounces of gold in concentrate
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The operator of Africa s largest copper mine is alleged to have mislabeled some allegedly severely under reporting mineralization of gold and copper concentrates
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