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Thursday, January 10


News

Acacia's North Mara hit with $130,000 fine as Tanzanian Govt. renews hostilities - Miningmx

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Acacia’s North Mara hit with $130,000 fine as Tanzanian Govt. ACACIA Mining’s North Mara mine – which has escaped flak from the Tanzanian government in respect of under-payment of taxes – has been ordered to pay $130,000 for alleged breaches of environmental regulations in the East African country. The Tanzanian government and Acacia have been locked in a dispute over allegations the firm owes the government $190bn in unpaid taxes dating back two decades. Acacia’s 64% shareholder, Barrick Gold, struck an agreement with the government that Acacia pay it $300m as a goodwill gesture, but nothing has been paid to date.

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Social Chatter

Acacia Mining (FTAL:ACA) social chatter is higher than usual

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Arcosa $ACA Raised to “Buy” at Zacks Investment Research https://t.co/0YexIk5H9r #markets
Social Chatter

Acacia Mining (FTAL:ACA) social chatter is higher than usual

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$ACA.PA has a bad technical rating, but it does show a decent setup pattern. https://t.co/9UqUIuDAah #ChartMill #CREDITAGRICOLE #ACA #EuronextParis-Matif #TechnicalAnalysis https://t.co/UgcTAQHQ6z
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Acacia Mining fined over alleged environmental breach in Tanzania – MINING.COM

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Acacia Mining fined over alleged environmental breach in Tanzania. North Mara mine. Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country’s administration, received a fresh blow on Thursday from the government, which fined the miner 300 million Tanzanian shillings (about $129,144) over allegations of breaching environmental rules by its North Mara operation. Tanzania’s No.1 gold producer also said the alleged environmental violations could relate to a long-standing seepage at the base of the tailings storage facility at North Mara, an issue apparently “well-known” by both the National Environment Management Council (NEMC) and the Tanzanian government. “This seepage remains managed by pumps which return the water to the tailings storage facility and it is, therefore, contained on the mine site, does not flow into the surrounding environment or present a risk of contamination to any public water source,” the company said in a media statement.

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Tanzania fines Acacia Mining for breaching environmental regulations

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Jan 10 (Reuters) - Acacia Mining said on Thursday the Tanzanian government has fined the miner 300 million Tanzanian shillings ($129,143), two days after the government appointed a new mining minister, over allegations of breaching environmental regulations at its North Mara mine. Acacia said it has been asked verbally to build a new tailings storage facility (TSF), a structure for storing uneconomical ore, but had not yet received any written notice from the government. "Acacia expects that a new TSF is likely to be an economically viable alternative to further expansions of the existing TSF at the mine," the company said. The company's North Mara mine, where operations remain unaffected, received an Environmental Protection Order (EPO). Although the National Environment Management Council found discharges of a hazardous substance at the mine, the company said it was unaware of it and was awaiting a detailed report.

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Friday, January 04


News

Investor Outlook: Acacia Mining Plc (LON:ACA) “Overweight” Rating Maintained by Barclays Capital Today – Thorold News

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Acacia Mining Plc (LON:ACA) shares have had their “Overweight” Rating reconfirmed by stock analysts at Barclays Capital in an analyst report published on Friday morning. Among 6 analysts covering Acacia Mining Plc (LON:ACA), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Acacia Mining Plc had 10 analyst reports since July 6, 2018 according to SRatingsIntel. More notable recent Acacia Mining plc (LON:ACA) news were published by: Mining.com which released: “Tanzania outs mining minister over alleged collusion with companies to evade taxes – MINING.com” on May 24, 2017, also Mining.com with their article: “Tanzanian troubles drag down Barrick’s production – MINING.com” published on October 12, 2017, Mining.com published: “New era for Barrick Gold begins – MINING.com” on January 02, 2019.

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Thursday, January 03


Social Chatter

Acacia Mining (FTAL:ACA) social chatter is higher than usual

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.@BarrickGold's CEO Mark Bristow said the situation with its subsidiary Acacia Mining in #Tanzania has been 'very complex and challenging', before vowing to resolve the $190 billion government tax dispute #mining $GOLD $ACA https://t.co/oGKn65Ro1v

Saturday, December 29


News

Russell Hobbs Electric Salt and Pepper Mills and Viking Grain Acacia Wood Cutting Board

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Russell Hobbs Electric Salt and Pepper Mills and Viking Grain Acacia Wood Cutting Board Today at 1:43 a.m. | Updated December 29, 2018 at 1:43 a.m. 0comments. Russell Hobbs Electric Salt and Pepper Mills. What's to love: Fresh ground pepper or salt at the push of a button. What does it do: The battery operated mills (four AA batteries each) use a ceramic grinding system that is adjustable for fine or course grain. An LED light on the base of each grinder allows the user to see exactly how much salt or pepper is being put on the food. Viking Grain Acacia Wood Cutting Board. What's to love: A cutting board that's pretty enough to be used as a cheese tray or for serving hors d'oeuvres. What does it do: The two-inch thick cutting board is 20-by-14 inches and made of end-grain Acacia hardwood.

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Sunday, December 16


Social Chatter

Acacia Mining (FTAL:ACA) social chatter is higher than usual

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$ACA: The long and short term trends are both positive. This is looking good! https://t.co/ckxrTh44Yl #AcaciaMiningPlc #LondonStockExchange #ACA #Chartmill #TechnicalAnalysis https://t.co/3rBS76iKhT
News

UK probes Acacia over bribes - The Citizen

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The UK’s Serious Fraud Office (SFO) is investigating Acacia Mining over allegations of corruption in Tanzania, according to news reports. According to The Wall Street Journal, which quoted people familiar with the matter, indicates that the investigators will look into accusations that employees of the company bribed Tanzanian government officials and consultants in several incidents. Acacia corruption probe will also be the third time in recent years for SFO to get involved in high ranking corruption investigations in Tanzania, after the 2010 $12.4 million bribery case involving the purchase of a security radar system and the 2015 $6 million Standard Bank bribe to secure a private sovereign debt bond for the government worth $600 million. Acacia has also been caught in the middle of a negotiation between Barrick and the government for a $300 million cash settlement and handover of 16 per cent ownership of its mines to Tanzania to settle a record $190 billion tax dispute that has halted some of the company’s exports.

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