Acacia Mining says valuing Tanzania mines for possible sale

17th February 2018

By: Reuters

  

Font size: - +

LONDON – Gold miner Acacia Mining confirmed on Friday it had begun to value its Tanzanian operations for a potential sale after expressions of interest from Chinese buyers.

"The company is engaging with a small number of potential investors, the process remains at a very early stage and there can be no certainty that an agreement will be reached," the London-listed miner said in a statement.

Reuters reported on Friday that China's Shandong Gold Mining and Zijin Mining Group were in separate talks with Acacia to form a joint venture for its Tanzania mines.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Comments

The login details you entered is incorrect. Please try and re-enter your username and password. If you continue having problems, please contact us at subscriptions@creamermedia.co.za for assistance.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

R/€ = 20.0778 Change: -0.0305
R/$ = 18.7597 Change: -0.2591
Au 2337.68 $/oz Change: -0.03
Pt 924.10 $/oz Change: -0.10