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

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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