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

Intention of investment
  • [current] Mining

Nature of the deal

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

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

Implementation status
  • [2001, current] In operation (production)
Comment on implementation status
Mine was never brought into operation by Sutton Resources Ltd. Operations at the mine were temporarily suspended in March 2010, because of a rock fall incident which caused three mortalities. Operations have commenced again.

Contract farming

Contract farming
No