Shares in Acacia Mining, the London-listed gold miner in merger talks with a Canadian rival, 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 ...
Acacia Mining hit as Tanzania bans gold and copper ore … Shares in Acacia Mining, the London-listed gold miner in merger talks with a Canadian rival, plunged by as much as a fifth on Friday after Tanzania unexpectedly banned exports of gold and copper ore.
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One mining services company said it had laid off more than 50 employees in the last 18 months. EXPORT BANS . The first serious blow to mining companies this year came in March, when Tanzania banned the export of gold and copper ore over a tax dispute with the country’s biggest gold miner, London-listed Acacia, and to encourage the ...
