Company News

Acacia Mining says Tanzanian mine to be issued environmental protection order

May 17 (Reuters) - Acacia Mining Plc said on Friday its North Mara Gold Mine would be issued an environmental protection order (EPO) relating to alleged historical breaches of environmental regulations in Tanzania.

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government banned the export of mineral concentrates in 2017.

The company said the Tanzanian government was considering issuing an EPO because of alleged deficiencies at its tailings storage facility, adding that operations at the mine would not be affected. (Reporting by Samantha Machado in Bengaluru; Editing by Subhranshu Sahu)