Please note: you are viewing an old version of this deal. The current version can be found here: Deal #4768

Deal #4768 Version #69350

Tanzania

Created at

2015-09-11

Last update

2019-05-20

Last full update

2019-05-20

Land area

Intended size

5 148 ha

Size under contract (leased or purchased area)

[1999, current] 5148.0 ha

Comment on land area

Another source states concession covers 54 square kilometers.

Intention of investment

[current] Mining

Nature of the deal

Exploitation permit / license / concession (for mineral resources)

Comment on nature of the deal

The current Life of mine is currently estimated to be more than 30 years. Operations at the mine are expected to be shut-down by 2034.

Negotiation status

[1999, current] Concluded (Contract signed)

Comment on negotiation status

The mine was purchased by African Barrick Gold in June 1999. Acacia Mining acquired the mine from Sutton Resources Ltd in 1999.

Implementation status

[2001, current] In operation (production)

Comment on implementation status