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Acacia desputes Presidential Committee's findings

26 May 2017 13:10

Acacia Mining has announced that the Company has requested, but not yet received, a copy of the full report of the Presidential Committee's investigation into the export of gold/copper concentrates as well as details of the sampling protocol followed.

The report was presented to the President of Tanzania on 24 May.

Acacia said it has analysed the summary findings published and made the following observations:

- Based on more than 20 years of data available to us (which we will make available for any further analysis) we cannot reconcile these with the findings of the Committee.

- This historical data has been compiled and analysed by Tanzanian and international experts and organisations, with consistent results.

- This independently verified data has consistently shown the gold content of the concentrates is less than one tenth of the Committee's findings.

- If the Committee's published findings were based on accurate data, Bulyanhulu and Buzwagi would be the world's two largest gold producers.

- Given the magnitude of this discrepancy we believe there should be an independent review of the content of the concentrates.

At 1:10pm: (LON:ACA) Acacia Mining Plc share price was +0.75p at 266.65p

Story provided by StockMarketWire.com

Related Company: ACA

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