Acadia, Tanzania Discussing Export Dispute
Acacia Mining PLC and Tanzania agreed in June to hold talks aimed at resolving a dispute that has been brewing over an export ban, after Barrick Chairman John Thornton met with the country’s president, Dr. John Magufuli. Barrick holds a controlling interest in Acacia (63.9%).
“I feel very optimistic that we will reach a resolution, which is a win-win,” Thornton said. “We will be sitting down soon with a team designated by the president and our own team.”
Platinum Group Metals Reports on Waterberg DFS
Platinum Group Metals Ltd. reported that engineering work is under way to support a definitive feasibility study (DFS) of its Waterberg project on the northern limb of South Africa’s Bushveld Complex. Included in the work are infill drilling, resource modeling, mine plan optimization and infrastructure engineering. Engineering and design work to reduce and improve underground development and to optimize project scale and return will also be part of the DFS.