Africa Mining: Barrick’s Acacia Mining gets involved in Tanzania dispute

Acacia in Tanzania

Keeping the lights on, for now: Operations at Bulyanhulu could be suspended as the export ban in Tanzania bites

Barrick Gold (CN:ABX) chairman John Thornton met with Tanzanian president John Magufuli on Wednesday to discuss the issues surrounding Acacia Mining (LN:ACA) however the outcome of the meeting is unclear, the Mining Journal reports. Continue reading

Africa Mining: Tanzanian Mining Minister Fired


Sospeter-Muhongo, Former Tanzania’s Energy and Minerals Minister

Tanzania’s president fired the mining minister and the chief of the State-run mineral audit agency on Wednesday, after receiving a report into whether mining companies were under-declaring the value of their exports.

President John Magufuli’s decision, announced in a speech, signals an escalation of tensions between the government and the industry, which has denied engaging in tax evasion.

Mining accounts for about 4% of Tanzania’s gross domestic product.(source: Miningweekly)