February 16, 2018 / 5:22 PM / a year ago

Acacia Mining says valuing Tanzania mines for possible sale

LONDON, Feb 16 (Reuters) - 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 Co Ltd and Zijin Mining Group Co Ltd were in separate talks with Acacia to form a joint venture for its Tanzania mines. (Reporting by Zandi Shabalala; Editing by Adrian Croft)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below