Aca­cia fined for breach­ing rules

Business Day - - FRONT PAGE - Tan­ishaa Nad­kar Ben­galuru

Aca­cia Min­ing said on Thurs­day the Tan­za­nian gov­ern­ment had fined it 300-mil­lion Tan­za­nian shillings ($129,143) over al­le­ga­tions of breach­ing en­vi­ron­men­tal reg­u­la­tions.

Aca­cia Min­ing said on Thurs­day the Tan­za­nian gov­ern­ment has fined the miner 300-mil­lion Tan­za­nian shillings ($129,143), two days after a new min­ing min­is­ter was ap­pointed, over al­le­ga­tions of breach­ing en­vi­ron­men­tal reg­u­la­tions at its North Mara mine.

Aca­cia said it has been asked ver­bally to build a new tail­ings stor­age fa­cil­ity (TSF), a struc­ture for stor­ing un­eco­nom­i­cal ore, but had not yet re­ceived any writ­ten no­tice from the Tan­za­nian gov­ern­ment.

“Aca­cia ex­pects that a new TSF is likely to be an eco­nom­i­cally vi­able al­ter­na­tive to fur­ther ex­pan­sions of the ex­ist­ing TSF at the mine,” the com­pany said.

The com­pany’s North Mara mine, where op­er­a­tions re­main un­af­fected, re­ceived an En­vi­ron­men­tal Pro­tec­tion Or­der (EPO) from the state.

Although the coun­try’s Na­tional En­vi­ron­ment Man­age­ment Coun­cil found dis­charges of a haz­ardous sub­stance at the mine, the com­pany said it was un­aware of it and was await­ing a de­tailed re­port.

Aca­cia is in the mid­dle of a pro­longed spat with the gov­ern­ment over a $190bn tax bill, which has se­verely lim­ited the Lon­don-listed com­pany’s op­er­a­tions in the East African na­tion.

The Bar­rick Gold-owned com­pany has been ac­cused of tax eva­sion by the gov­ern­ment, which charged three of its lo­cal sub­sidiaries, an em­ployee and a for­mer staffer with money laun­der­ing and tax eva­sion in 2018.

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