Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa.
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Barry Gardiner 29 Jul 2017, 19:13
$ACA Tanzania sent Acacia Mining Plc a tax bill equal to almost two centuries worth of the gold producer’s revenue. The government issued the company, which mines all of its gold in the African country, with a $40 billion tax bill and another $150 billion in interest and penalties, Acacia said in a statement Monday. #sell#run_away
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About Acacia Mining
Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The company also produces co-products, such as copper and silver. It has three gold mines in north-west Tanzania, including Bulyanhulu, Buzwagi, and North Mara; and a portfolio of exploration projects at various stages of development in Tanzania, western Kenya, and western Burkina Faso. The company was formerly known as African Barrick Gold plc and changed its name to Acacia Mining plc in November 2014. The company was incorporated in 2010 and is headquartered in London, the United Kingdom. Acacia Mining plc is a subsidiary of Barrick Gold Corporation.