January 10, 2019 / 11:08 AM / 11 days ago

Tanzania fines Acacia Mining for breaching environmental regulations

(Reuters) - Acacia Mining said on Thursday the Tanzanian government has fined the miner 300 million Tanzanian shillings ($129,143.35), two days after the government appointed a new mining minister, over allegations of breaching environmental regulations by its North Mara mine.

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

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

($1 = 2,323.0000 Tanzanian shillings)

Reporting by Tanishaa Nadkar in Bengaluru; Editing by James Emmanuel

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