By Gavin du Venage, South African Editor
Acacia Mining has blinked in its dispute with the Tanzania government, which does not bode well for other miners facing a similar standoff over legislative uncertainty, analysts said.
In March, Tanzania President John Magufuli banned the export of gold and copper ore produced by the country’s largest gold miner, Acacia Gold, majority owned by Canada’s Barrick Gold. The government also levied a $190 billion fine on Acacia — equal to about two centuries of revenue.
