R.B
JF-Expert Member
- May 10, 2012
- 6,296
- 2,575
Acacia would like to provide an update on the current situation in Tanzania with respect to the export of our gold/copper concentrates. As we have previously communicated, the findings of the first Presidential Committee’s investigation into the export ofgold/copper concentrates were announced on 24 May and we provided detailed comments onthese on 26 May. Since then, Acacia has continued to
co-operate with the second Presidential Committee, which was set up to examine economic and legal issues associated with historic exports of gold/copper concentrates.
We have provided extensive information to this committee and have provided access to each of our mine sites. We believe that the second Committee is close to completing its work, following which we would welcome the opportunity to discuss the findings directly with the Government. We remain hopeful that we will be able to reach a resolution to the current situation with the Government so that we can continue to deliver strong performance from our mines for the benefit of all stakeholders.
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