January 10, 2019 / 10:52 AM / 7 months ago

Tanzania fines Acacia Mining for breaching environmental regulations

Jan 10 (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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