Acacia Mining
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| Public (: ) | |
| Industry | Gold mining |
| Founded | 2000 |
| Headquarters | London, United Kingdom |
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Key people
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Kelvin Dushnisky, Chairman Bradley Gordon, CEO |
| Revenue | US$868.1 million (2015) |
| US$(112.9) million (2015) | |
| US$(197.1) million (2015) | |
| Website | www.acaciamining.com/ |
Acacia Mining (formerly African Barrick Gold plc) is a gold mining business operating in Tanzania, with exploration properties in Kenya, Burkina Faso and Mali. It is listed on the and the under the ticker ACA, and is a constituent of the FTSE 250 Index. Acacia's majority shareholder is Barrick Gold, which owns 63.9% of the company.
The business was established as a unit of Barrick Gold when that company started mining in Tanzania in 2000. Barrick's involvement in Tanzania had begun the previous year, when the company purchased the Bulyanhulu property as part of its acquisition of Sutton Resources Ltd. Barrick then acquired Buzwagi and Tulawaka as part of its acquisition of Pangea Goldfields Inc. in 2000. Finally, in 2006, Barrick acquired North Mara, when it took over Placer Dome. The company was floated off by Barrick Gold and first listed on the as African Barrick Gold in 2010. The company changed its name to Acacia Mining on 27 November 2014.
The Company operates three mines in northwest Tanzania—Bulyanhulu, Buzwagi and North Mara.
The Bulyanhulu Gold Mine is an underground gold mine in the Shinyanga Region of Tanzania, located 55 kilometres south of Lake Victoria. Barrick acquired the project in 1999 when it purchased Sutton Resources and the mine opened in 2001. The opening of Bulyanhulu, Tanzania's deepest mine, made Tanzania the third largest producer of gold in Africa.
The Buzwagi Gold Mine is an open pit gold mine in the Shinyanga Region of Tanzania, located 6 kilometres southeast from the town of Kahama. The mine, which opened in 2009, is the second largest mining operation and the largest single open pit mine in Tanzania.
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Wikipedia