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Tanzania bans metals, minerals exports in bid to increase domestic beneficiation

Aim-listed Acacia Mining on Friday said it had ceased exports of gold and copper concentrate from its operations in Tanzania, following a directive from the country’s Ministry of Energy and Minerals that all such exports be banned. In a statement, Acacia said it was urgently seeking further clarification on the ban, with gold and copper concentrate amounting to almost 30% of group revenues.