Acacia Mining (ACA)

Sector:

Mining

Index:

FTSE 250

233.60p
   
  • Change Today:
      1.80p
  • 52 Week High: 272.80p
  • 52 Week Low: 96.08p
  • Currency: UK Pounds
  • Shares Issued: 410.09m
  • Volume: 5,876,615
  • Market Cap: £957.96m
  • Beta: 0.00

Acacia seeks stay in Tanzania arbitration case as govt shuts tailings facility

By Frank Prenesti

Date: Wednesday 17 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Acacia Mining on Wednesday said it was seeking a stay of international arbitration over a dispute with Tanzania just days before a takeover offer deadline from majority shareholder Barrick Gold.
Arbitration was due to start on Monday over the Tanzania's demand for $190bn in unpaid taxes, but Acacia said it wanted to provide time for the government to complete settlement discussions with Barrick.

Pressure on Acacia was increased on Wednesday when the government ordered it to stop using tailing storage facility (TSF) at its North Mara mine, citing a failure to contain and prevent seepage.

The company said it had been issued with an Environmental Protection Order and fined in May 2019 for alleged deficiencies at the TSF.

"However, the North Mara mine has never received any supporting reports, findings or technical data in relation to these allegations," the company said.

The Tanzanian government on Friday said it would inspect the mine. Acacia's gold exports were banned two years ago over the tax dispute.

Barrick, which holds 64% of Acacia, has until Friday to make an offer and claims the takeover is the only way to resolve the dispute as the government refuses to deal with Acacia.

However, Acacia's shareholders accuse Barrick of using the issue as a way to to pick up the company on the cheap.

"Acacia will continue to support those discussions and remains ready and willing to engage directly with the government of Tanzania," the company said.

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Acacia Mining Market Data

Currency UK Pounds
Share Price 233.60p
Change Today 1.80p
% Change 0.78 %
52 Week High 272.80p
52 Week Low 96.08p
Volume 5,876,615
Shares Issued 410.09m
Market Cap £957.96m
Beta 0.00

Acacia Mining Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.51% above the market average10.51% above the market average10.51% above the market average10.51% above the market average10.51% above the market average
74.79% below the sector average74.79% below the sector average74.79% below the sector average74.79% below the sector average74.79% below the sector average
Price Trend
87.51% above the market average87.51% above the market average87.51% above the market average87.51% above the market average87.51% above the market average
82.54% above the sector average82.54% above the sector average82.54% above the sector average82.54% above the sector average82.54% above the sector average
Income
91.59% below the market average91.59% below the market average91.59% below the market average91.59% below the market average91.59% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Growth
83.76% below the market average83.76% below the market average83.76% below the market average83.76% below the market average83.76% below the market average
93.44% below the sector average93.44% below the sector average93.44% below the sector average93.44% below the sector average93.44% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 7
Sell 0
Strong Sell 0
Total 9
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Acacia Mining Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 04-May-17
Paid n/a 31-May-17
Amount 0.000¢ 8.40¢

Trades for 16-Sep-2019

Time Volume / Share Price
15:34 209 @ 233.60p
15:34 627 @ 233.60p
15:34 836 @ 233.60p
15:33 1,027 @ 233.60p
15:33 829 @ 233.40p

Acacia Mining Key Personnel

CFO Jaco Maritz

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