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Tanzania: Acacia Mining says valuing Tanzania mines for possible sale

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 and Zijin Mining Group were in separate talks with Acacia to form a joint venture for its Tanzania mines.

Source: MiningWeekly

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