Acacia Mining hit backat the Tanzanian government on Friday, describing the state'saudit of the company's gold and copper ore as inaccurate andsaying it would consider its options in the East African state.
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Shares in Acacia Mining, the Londonlisted gold miner in merger talks with a Canadian rival, plunged by as much as a fifth on Friday after Tanzania unexpectedly ...
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Tanzania veered left, leading to the nationalization of most private sector industries, in turn resulting in the inevitable a mass exodus of foreign investment and private capital and the consequent decline in economic activity in all sectors, including mining.
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