Friday, July 19, 2024

Acacia Gold Dispute Covers No-One in Lustre


ByThe EastAfrican

A long-running battle between the government of Tanzania and the country’s largest gold mining company, Acacia Mining Plc, came to ahead this past week – with dire consequences for the many interests involved.

Though it all began with the laudable aim of fighting against fraud in Tanzania’s fertile mining industry and sealing the loopholes through which the East African nation loses revenue, there can be no denying that its outcomes have been less than positive.

The Tanzanian government had initially accused Acacia Mining of a series of wrongdoings, including tax evasion, breach of environmental regulations, money laundering and corruption, sending the company’s stock at the London Stock Exchange into a tailspin…Read more>>

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