1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Acacia completes sale of royalty over Burkina Faso mine

By:  
Creamer Media Contributing Editor Online
 
GOLD
Embattled gold miner Acacia Mining has completed the sale of an existing 2% net smelter royalty over the Houndé mine, in Burkina Faso, for $45-million. The LSE-listed company in December said it was selling the royalty to Canadian miner Sandstorm Gold after its three producing gold mines in Tanzania were hit by changes in mining laws that have dented the investment appeal of companies operating in countries such as South Africa and Tanzania.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register