Acacia Mining

Acacia Mining

Acacia Mining Socially Speaking

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Acacia Mining RNS, News & Media


Headline
24 Mar 2017
News - Acacia Mining in talks with Tanzania authorities to lift ban on gold and silver concentrate exports from Proactive Investors
24 Mar 2017
RNS press release - Update on the export of metallic mineral concentra from Proactive Investors
21 Mar 2017
RNS press release - Termination of Discussions with Endeavour Mining from Proactive Investors
17 Mar 2017
RNS press release - Holding(s) in Company from Proactive Investors
15 Mar 2017
RNS press release - Notice of 2017 Annual General Meeting from Proactive Investors
3 Mar 2017
RNS press release - Response to the Ministry of Energy & Minerals from Proactive Investors
1 Mar 2017
RNS press release - Total Voting Rights from Proactive Investors
27 Feb 2017
RNS press release - Maiden high-grade Resource at West Kenya Project from Proactive Investors
15 Feb 2017
News - Acacia Mining rallies as JP Morgan and Jefferies lift target price from Proactive Investors
14 Feb 2017
Media files - Are Acacia shares set to test all-time highs? from Proactive Investors
14 Feb 2017
RNS press release - Correction : Results for the 12 months ended 31.12 from Proactive Investors
14 Feb 2017
News - Acacia Mining doubles dividend as revenues top US$1bn from Proactive Investors
14 Feb 2017
RNS press release - Results for the 12 months ended 31 December 2016 from Proactive Investors
1 Feb 2017
RNS press release - Total Voting Rights from Proactive Investors
19 Jan 2017
News - Strong finish sees Acacia beat gold production forecasts in 2016 from Proactive Investors
19 Jan 2017
RNS press release - Q4 Production Results from Proactive Investors
16 Jan 2017
News - Acacia Mining and Endeavour merger could be "compelling" - analyst from Proactive Investors
13 Jan 2017
RNS press release - Response to Media Speculation from Proactive Investors
30 Nov 2016
RNS press release - Exploration Roundtable from Proactive Investors
1 Nov 2016
RNS press release - Total Voting Rights from Proactive Investors
24 Oct 2016
News - Acacia Mining's turnaround progressing well, says Deutsche from Proactive Investors
21 Oct 2016
RNS press release - 3rd Quarter Results from Proactive Investors
4 Oct 2016
RNS press release - Total Voting Rights from Proactive Investors
27 Sep 2016
RNS press release - Successful restart of operations at Bulyanhulu from Proactive Investors
16 Sep 2016
RNS press release - Operations Update from Proactive Investors
8 Sep 2016
RNS press release - Dividend Declaration from Proactive Investors
5 Sep 2016
RNS press release - Holding(s) in Company from Proactive Investors
2 Sep 2016
RNS press release - Holding(s) in Company from Proactive Investors
1 Sep 2016
RNS press release - Total Voting Rights from Proactive Investors
2 Aug 2016
RNS press release - Total Voting Rights from Proactive Investors
1 Aug 2016
RNS press release - West Kenya Exploration Update from Proactive Investors
22 Jul 2016
News - Acacia profits soar 300% as costs fall and gold price rises from Proactive Investors
22 Jul 2016
RNS press release - 2016 interim results from Proactive Investors
1 Jun 2016
RNS press release - Total Voting Rights from Proactive Investors
26 May 2016
RNS press release - Holding(s) in Company from Proactive Investors
23 May 2016
RNS press release - Holding(s) in Company from Proactive Investors
20 May 2016
RNS press release - Eurazeo: Adjustment of the Exchange Ratio of the B from Proactive Investors
9 May 2016
RNS press release - Conversion Rate for the 2015 Final Dividend from Proactive Investors
3 May 2016
RNS press release - Total Voting Rights from Proactive Investors
21 Apr 2016
RNS press release - Result of AGM from Proactive Investors
21 Apr 2016
RNS press release - 1st Quarter Results from Proactive Investors
12 Apr 2016
RNS press release - 1st Quarter Results and Conference call from Proactive Investors
23 Mar 2016
RNS press release - Correction : Director/PDMR Shareholding from Proactive Investors
23 Mar 2016
RNS press release - Director/PDMR Shareholding from Proactive Investors
16 Mar 2016
RNS press release - Notice of AGM from Proactive Investors
8 Mar 2016
RNS press release - Agreement to Prepay Corporate Tax from Proactive Investors
1 Mar 2016
RNS press release - Total Voting Rights from Proactive Investors
25 Feb 2016
RNS press release - Appointment of Chief Operating Officer from Proactive Investors
23 Feb 2016
RNS press release - Mitigation of Gold Price Risk at Buzwagi from Proactive Investors

Acacia Mining 3 Month Chart


Acacia Mining Discussion on Interactive Investor

Viewing as a TAZ Minister by tornadotony

  Fri, 24 Mar 2017 12:48:00 GMT

From the Tanzanian Government perspective they see gold mine shares of Acacia going up. If it was going down the proverbial swanee, they might believe what the company was saying. As the share price holds up, I can not see any reason why they would be in a hurry. After all Acacia were quite happy to spend a few hundred million merging with another company only a week ago. (Something a TAZ minister would not have been keen on.)

No quick outcome happening here. Roll on to May. Taz government likely to let the market find the solution.


By tornadotony

RNS Huge losses mounting by tornadotony

  Fri, 24 Mar 2017 08:16:00 GMT

They would possibly need a specialist smelter to deal with the ore. Tanzania Government retains ban. Company will need to change operations from end of April to limit losses.

The value of the company needs to go back to 600,000 ounces per year at $1050 AISC per ounce. It is back to $120M profit year company at best which equates to around 432p top end at 1250 gold price.


By tornadotony

Waiting fo 365p by tornadotony

  Wed, 22 Mar 2017 09:23:00 GMT

This share has a long way down to go. Risk versus reward needs to be rebalanced and a PE adjustment required.

By tornadotony

Endeavour end merger talks by tornadotony

  Tue, 21 Mar 2017 18:14:00 GMT

They just announced it. The reason was due to the Tanzanian government banning the ore exports.




By tornadotony

Bear flag by shugg1e

  Sun, 12 Mar 2017 23:48:00 GMT

Looks like a bear flag to me dont get sucked in

By shugg1e

Merger is Off? by RichardLY

  Sun, 12 Mar 2017 10:22:00 GMT

Anything definitive?
Anyone an idea when some 'clarification' will actually be provided by the company i.e. from the Ministry?


By RichardLY

Bottom formation developing by tornadotony

  Wed, 08 Mar 2017 15:37:00 GMT

The RSI (10) has recovered from 14 to around 22. Likely to put in a double bottom and stabilise. Stock is a buy at 410-414 range or below imop. Recovering today implies or suggests that smeltering plant deal getting resolved in the background otherwise it would have crashed by now.

Top end is around 480 until they put something into public domain.

(I hold no position on Acacia)



By tornadotony

Re: short closed, thank you very much by shugg1e

  Mon, 06 Mar 2017 18:13:00 GMT

Gold price falling as well now and guesses where they will be at $1180 gold?


I think its going to settle between 300-340p if it drags out

Dont think it will go much below that so about 20% downside now



By shugg1e

Re: short closed, thank you very much by dog-with-fleas

  Mon, 06 Mar 2017 12:31:00 GMT

I work with these ministries, the worry is matters like this are not resolved quickly so SP could go below as Tony predicts.

Heart goes out to LTH's. It will recover but not soon IMVHO once clarification is sought. Retrace should be rapid though. Good luck.


By dog-with-fleas

Re: short closed, thank you very much by tornadotony

  Mon, 06 Mar 2017 11:08:00 GMT

Likely to get another chance as a gap exists in the 373 area and 344 area as well. If Tanzania government does not back down this is heading towards 290p at 1230 gold price.

By tornadotony

short closed, thank you very much by one4all

  Mon, 06 Mar 2017 08:55:00 GMT

..

By one4all

An error in previous note $60M by tornadotony

  Sun, 05 Mar 2017 11:18:00 GMT

$60M instead of $600M apologies for big mistake and it would be just one single plant and not 4. Misread how much ore they could get through per year.

By tornadotony

Smelters and why it makes no sense by tornadotony

  Sun, 05 Mar 2017 11:12:00 GMT

It is likely that 4 smelter plants would need to built at a probable cost of around $600m imop. The likely pay back is 9% cost substitution from what was exported to be processed by internal plants. However all the power requirements from the grid, infrastructure and prevention of pollution reduce these benefits substantially. It may create jobs but other projects may fair better on overall returns. Canada and South Africa as well as China do a lot of the smeltering and hence why material gets sent there. I would say the overall marginal improvement is incremental and probably around 3% overall.

It is possibly better for Tanzania to build up their hotel and tourist industry, keep zika and malaria out of the way and create far more than jobs than a glorified polluting and stinking smelter plants process centre and being a total eyesore over a beautiful landscape with a stench you could smell miles away.

Perhaps an alternative approach instead of an MOU is to demonstrate why this is a pointless thing to do and that step changes elsewhere are better than an incremental policy that offers lots of risk for marginal benefit. Acacia tcould sponsor an independent policy unit or courses for public servants to learn modelling and unintended outcomes. They could also create a university innovation programme to create future jobs with joint funding with local SMEs in materials science. These type of things give real step changes and create cleaner industries and better paid jobs.


By tornadotony

Tanzania news agency by tornadotony

  Sun, 05 Mar 2017 10:32:00 GMT

LINK

Mara mine not affected too badly by the ban but around 50% of production at Buzwagi and Bulyanhulu will have to be suspended. Acacia to consider closing both mines until issue resolved. Acacia vice president seeking urgent meeting.

It makes little sense to create a fuss over building a smelter asap and having both mines closed in the meantime and lose tax income. They should instead agree and MOU a memorandum of understanding where a smelter eventually gets built in the country. It only takes a day or two to agree an MOU and have a programme devised to get what both parties can agree to. I will check out how much it costs to build.



By tornadotony

Re: This is Africa by dog-with-fleas

  Sat, 04 Mar 2017 08:44:00 GMT

EXPORT BAN OF METALLIC MINERAL CONCENTRATES AND ORE

The Ministry of Energy and Minerals would like to inform the public, companies and individuals involved in minerals extraction that export of mineral concentrates and ores for metallic minerals such as gold, copper, nickel and silver has been banned with effect from 2nd March, 2017. The ban intends to make sure that mineral value addition activities are carried out within Tanzania as emphasized in the Mineral Policy of 2009 and Mining Act of 2010. Mineral value addition activities will provide employment opportunities, revenues and technology transfer, hence more benefits to the nation.

Therefore, it is expected that all the companies and individuals who were exporting concentrates and mineral ores to foreign countries for beneficiation (processing, smelting or refining) will immediately stop and start doing such activities within the country. The Government will provide any necessary support to stakeholders involved in mineral beneficiation activities within the country, particularly smelting and refining of minerals.

Issued by

PERMANENT SECRETARY

MINISTRY OF ENERGY AND MINERALS

March 03, 2017


By dog-with-fleas