- Gold mining company Acacia awaits a $ 190 billion claim claim in Tanzania.
The country where Acacia listed in Acacia has the highest turnover, claims the UK company has been massively cheated on exporting its two-source raw materials. The fraud could be verifiable since 2000, but Acacia denies any responsibility.
By the British, the African state would have lost $ 40 billion. This amount has been increased by Tanzania by $ 150 billion, based on interest rates and fines. The conflict has been on for a long time and is at the expense of Acacia's stock price. This year, 40% fell to last week.
When a British delegation called on talks last week, the rate rose hopefully by 17%.
Acacia's revenue from, among other things, the Bulyanhulu mine was over $ 1,053 billion in 2016. Analysts have claimed the claim: Acacia's two-second revenue is good and the group would not survive the claim if granted. The British group claims to have invested $ 4 billion in Tanzania.
More importantly, according to President Magufuli, Acacia, largely owned by Mr Barrick, acknowledges the mistakes, apologizes and compensates for the damage.
The $ 190 billion wants to put the president in renewal of the country's roads.
Since the conflict, Magufuli Acacia has forbidden to export raw materials such as gold. Tanzania claims that Acacia has also exported much more gold than it has in the books.