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Ban overshadows Acacia record

Under any other circumstances, Acacia Mining (LN:ACA) would have been celebrating this set of half-year production results: record gold production and lower costs. But the Tanzanian government's export ban and committee findings have made a positive statement impossible.

Alex Hamer
Still trucking: Acacia has cut costs in response to the Tanzania crisis

Still trucking: Acacia has cut costs in response to the Tanzania crisis

To butcher a sporting metaphor, Tanzania allowed Acacia to keep its bat and ball but moved the cricket match to a rock-climbing wall. Production in the first half of 2017 was up 4% on the year before...

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