Tanzanian govt accuses Acacia of mining gold illegally

June 12, 2017

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Tanzania’s government accused Acacia Mining of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped.

“The committee has established that Acacia Mining has been conducting its mining business here in Tanzania contrary to the law,” Nehemiah Osoro, chairman of a committee ordered by President John Magufuli to conduct an audit of mineral exports over the past 19 years, said Monday in the commercial capital, Dar es Salaam.

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