Tanzania's largest gold mining company, Acacia, has confirmed it's held unofficial talks with strategic investors. It follows media reports that Acacia is in discussions with Chinese firms to sell off some of its shares. Earlier, reports claimed that Shandong Gold, Zijing Mining and China National Gold Group had already conducted due diligence on three of Acacia's operations in Tanzania. The Chinese companies are reportedly interested in acquiring 50 percent of the miner's projects in the East African nation. Acacia is currently supporting ongoing negotiations between the Tanzanian government and majority shareholder Barrick Gold.

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NBA 22 Mar 2019 03:24 CET