Response to the Ministry of Energy and Minerals press release regarding the export of metallic mineral concentrates
03 Mar 2017
Acacia notes today’s press release from the Ministry of Energy and Minerals regarding a ban on exports of gold/copper concentrate following a directive made by the President of the United Republic of Tanzania. In 2016, gold/copper concentrate amounted to approximately 30% of group revenues. At this stage, Acacia has ceased exports of gold/copper concentrate and is urgently seeking further clarification from the Ministry of Energy and Minerals. We will provide further updates as appropriate.