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FTAL:ACA, Feb 22, 02:59 UTC

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Thursday, January 10


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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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Acacia Mining plc (LON:ACA) has analysts on the Bullish side this week. – Thorold News

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19/10/2018 Broker: Peel Hunt Rating: Under Review Under Review18/10/2018 Broker: JP Morgan Rating: Underweight Old Target: GBX 170.00 New Target: GBX 110.00 Maintain17/10/2018 Broker: Jefferies Rating: Hold Old Target: GBX 195.00 New Target: GBX 145.00 Maintain12/10/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 164.00 Maintain18/09/2018 Broker: RBC Capital Markets Rating: Sector Perform Old Target: GBX 165.00 New Target: GBX 130.00 Reiteration17/09/2018 Broker: Peel Hunt Rating: Under Review Under Review23/07/2018 Broker: Numis Securities Rating: Buy Old Target: GBX 250.00 Maintain18/07/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 171.00 New Target: GBX 164.00 Maintain12/07/2018 Broker: Numis Securities Rating: Buy Old Target: GBX 250.00 Maintain. The stock decreased 0.28% or GBX 0.55 during the last trading session, reaching GBX 198.4. Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa. The firm 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, Kenya, Burkina Faso, and Mali.

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whatsonthorold.com
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Were Analysts Bearish Acacia Mining plc (LON:ACA) This Week?

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Among 6 analysts covering Acacia Mining Plc (LON:ACA), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. 19/10/2018 Broker: Peel Hunt Rating: Under Review Under Review18/10/2018 Broker: JP Morgan Rating: Underweight Old Target: GBX 170.00 New Target: GBX 110.00 Maintain17/10/2018 Broker: Jefferies Rating: Hold Old Target: GBX 195.00 New Target: GBX 145.00 Maintain12/10/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 164.00 Maintain18/09/2018 Broker: RBC Capital Markets Rating: Sector Perform Old Target: GBX 165.00 New Target: GBX 130.00 Reiteration17/09/2018 Broker: Peel Hunt Rating: Under Review Under Review23/07/2018 Broker: Numis Securities Rating: Buy Old Target: GBX 250.00 Maintain18/07/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 171.00 New Target: GBX 164.00 Maintain12/07/2018 Broker: Numis Securities Rating: Buy Old Target: GBX 250.00 Maintain. The stock decreased 0.28% or GBX 0.55 during the last trading session, reaching GBX 198.4. Acacia Mining plc, together with its subsidiaries, mines, processes, and sells gold in Africa.

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mmahotstuff.com
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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

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Acacia Mining (LON:ACA), the Tanzanian gold producer dealing with an ongoing dispute with the country’s administration, received Thursday a fresh blow from the country’s government, which fined the miner 300 million Tanzanian shillings (about $129,144) over allegations of breaching environmental rules by its North Mara operation. The company noted it has not yet received any supporting reports, findings or testing data in relation to alleged discharges of a hazardous substance at the mine site, adding it’s currently assessing the technical basis of such claims.Acacia said it has not yet received any supporting reports, findings or testing data in relation to the alleged discharge of a hazardous substance at its North Mara mine. Acacia did acknowledge local media reports pointing at the Tanzanian government ordering a new tailings storage facility at North Mara, but said it was only a verbal directive. The gold producer added that, before the order, it had already detected the need for additional tailings management and storage capacity to meet North Mara’s life of mine plans. However, it believes a new facility would be more economic than expanding the current infrastructure.

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mining.com
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Tanzanian Authorities Hand Acacia Mining USD130,000...

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LONDON (Alliance News) - Acacia Mining PLC on Thursday said it has been fined USD130,000 for ... LONDON (Alliance News) - Acacia Mining PLC on Thursday said it has been fined USD130,000 for breaching environment rules at Tanzania's North Mara mine. The National Environment Management Council has reported a "hazardous" substance seepage at North Mara, but Acacia said it is unaware of any such problem. Acacia believes it could relate to a long-standing seepage at the base of the tailings storage facility at North Mara, but this is already "well-known" to both the 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," Acacia said.

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morningstar.co.uk
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Another blow for Acacia Mining in Tanzania at North Mara

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Acacia has informed the market that its North Mara mine EPO, requires payment of a fine of totaling 300,000,000 Tanzanian Shillings (US$130,000).This is in relation to alleged breaches of environmental regulations in Tanzania. Whilst North Mara has been verbally directed to construct a new TSF, the mine has not yet received any written notice or directive from the GoT. North Mara has already recognised the need for additional tailings management and storage capacity to meet its life of mine plans and, while the mine does not yet have detailed or fully costed plans or project schedules for the construction of a new facility, Acacia expects that a new TSF is likely to be an economically viable alternative to further expansions of the existing TSF at the Mine.Acacia also notes the National Environment Management Council’s (NEMC) reported findings regarding discharges of a hazardous substance at the mine. Acacia is awaiting NEMC’s detailed reports, findings and testing data in relation to this allegation but are not aware of any such discharge. The mine believes that these reports relate to a longstanding seepage issue at the base of the TSF, which is already well known to NEMC and the GoT.

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miningreview.com
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ACACIA MINING PLC - Statement on North Mara

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Acacia informs the market that its North Mara mine (“the Mine”) has received an Environmental Protection Order (“EPO”), requiring payment of a fine of 300,000,000 Tanzanian Shillings (US$130,000) in relation to alleged breaches of environmental regulations in Tanzania. The Mine has already recognised the need for additional tailings management and storage capacity to meet its life of mine plans and, while the Mine does not yet have detailed or fully costed plans or project schedules for the construction of a new facility, Acacia expects that a new TSF is likely to be an economically viable alternative to further expansions of the existing TSF at the Mine. Acacia also notes the National Environment Management Council’s (“NEMC”) reported findings regarding discharges of a hazardous substance at the mine. Factors that could cause or contribute to differences between the actual results, performance and achievements of Acacia include, but are not limited to, changes or developments in political, economic or business conditions or national or local legislation or regulation in countries in which Acacia conducts - or may in the future conduct - business, industry trends, competition, fluctuations in the spot and forward price of gold or certain other commodity prices (such as copper and diesel), currency fluctuations (including the US dollar, South African rand, Kenyan shilling and Tanzanian shilling exchange rates), Acacia’s ability to successfully integrate acquisitions, Acacia’s ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, and to process its mineral reserves successfully and in a timely manner, Acacia’s ability to complete land acquisitions required to support its mining activities, operational or technical difficulties which may occur in the context of mining activities, delays and technical challenges associated with the completion of projects, risk of trespass, theft and vandalism, changes in Acacia’s business strategy and ongoing implementation of operational reviews, as well as risks and hazards associated with the business of mineral exploration, development, mining and production and risks and factors affecting the gold mining industry in general. Although Acacia’s management believes that the expectations reflected in such forward-looking statements are reasonable, Acacia cannot give assurances that such statements will prove to be correct.

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uk.finance.yahoo.com
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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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