Acacia Holds Talks With Chinese Companies for Tanzania Gold Deal -Reuters

02/19/18 05:45 AM EST

--Acacia Mining is involved in separate discussions with China's Zijin Mining Group Co. Ltd. and Shandong Gold-Mining Co. Ltd. about forming a joint venture for the U.K. company's gold mines in Tanzania, Reuters reported, citing unnamed sources.

--Barrick Gold Corp., Acacia's majority shareholder, is also involved in the talks regarding the mines in Tanzania, where London-listed Acacia has been caught up in a tax dispute with the government, according to Reuters.

--Acacia has also discussed a joint- venture partnership with state-owned China National Gold Group, but those talks may not be ongoing, Reuters said.


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February 19, 2018 05:45 ET (10:45 GMT)

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