Acacia Mining says valuing Tanzania mines for possible sale

By Kitco News / February 16, 2018 / www.kitco.com / Article Link

LONDON, Feb 16 (Reuters) - 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 Co Ltd and Zijin Mining Group Co Ltd were in separate talks with Acacia to form a joint venture for its Tanzania mines. (Reporting by Zandi Shabalala; Editing by Adrian Croft)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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