Tanzania: Acacia to Spend Sh4 Billion to Clean Up Image

Dar Es Salam – Tanzania’s largest mining company, Acacia, has set aside $2 million (Sh4 billion) to clean up its image and repair its relationship with the government following accusations of tax evasion and excessive profits, the South African Globe and Mail newspaper reports.

Acacia Mining, which is a subsidiary of Toronto-based Barrick Gold Corp, owns three gold mines in Tanzania that include Buzwagi, Bulyanhulu and North Mara. But it has faced a growing barrage of accusations from political leaders.

Source: Angola Press News Agency