The FTSE 250 miner Acacia Mining (LSE: ACA) is in the midst of a legal battle with the government of Tanzania who have introduced a ban on the export of concentrate in March this year.
This is in addition to the Tanzanian Parliament approving a new Finance Act, which imposes a 1% clearing fee on the value of all minerals exported from the country since 1st July 2017.
Brad Gordon, Chief Executive Officer of Acacia Mining has described Acacia's current issues as 'a complex and fluid situation' and has already served arbitration notices for the mines it operates in . . .
To access the rest of this content