The Latest

Acacia Mining Gold Production Up In Q2 2019

July 8, 2019
1 minute read
Acacia Gold production Tanzania Q2 2019

Acacia Mining (LSE: ACA), Tanzania’s largest gold producer, just released its latest interim results, showing a total gold production of 158,774 ounces in Q2 2019, with a 51% increase compared to Q1 2019.

The achieved gold production was also 19% higher than the prior year period, mainly due to the higher production at North Mara mine, offset by expected reductions in production at Buzwagi and Bulyanhulu mines.

Interim CEO Peter Geleta explained that these results have been achieved with the successful implementation of the revised mining plan at North Mara mines, which saw production increase by 80% over the period.

Tanzania Investment Guide 2026 Free Edition

“We remain confident of achieving production within our guidance of 500,000 to 550,000 ounces for the year [2019],” Geleta added.

Acacia Mining is currently in a raw with the GoT after a presidential committee found in May 2017 that the company allegedly under-declared its exports and eventually presented it with a demand for USD 190 billion in unpaid taxes.

The gold miner has always refuted the accusation and has been since in talks with the GoT for a resolution.

The GoT has also introduced a ban to export mineral concentrates and ores for metallic minerals such as gold, copper, nickel, and silver.

Want to know more about Mining in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Mining, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
EU-Tanzania Roadshow 2026 The Hague day 1 opening Mkumbo
Read More

EU–Tanzania Roadshow Reaches The Hague With Coffee, Cashew, Critical Minerals, and Port Investment Pitches

The EU-Tanzania roadshow reached The Hague on 5 October 2026 for its final leg, where Tanzania pitched coffee and cashew processing, wheat and edible oils, critical minerals, the new Bagamoyo and Mwambani ports on the mainland, Zanzibar's Mangapwani port hub, four dry ports, and two new lines of the standard gauge railway network to around 90 businesses. Agriculture emerged as the priority sector for European and Dutch investors, with the best opportunities in food production and value addition, backed by Dutch expertise as the world's second-largest agricultural exporter.
EU-Tanzania Roadshow 2026-2027 Helsinki day 2 critical minerals visit
Read More

Tanzanian Delegation Visits EU’s Only Nickel Smelter, Metso Research Center, and Nokia on Day Two of EU-Tanzania Roadshow in Finland

On 29 September 2026, the second day of the EU-Tanzania roadshow in Finland, the Tanzanian delegation visited Metso's Pori Research Center, where around 180 experts work on mineral processing, hydrometallurgy, battery materials, and smelting, and Boliden's Harjavalta site, home to the only nickel smelter in the EU. The digital track included visits to Nokia, the Finnish Information Security Cluster, and technology company Gofore, with talks on digital sovereignty, digital public infrastructure, and Tanzania's move to a cashless economy.
Tanzania Mining and Investment Conference (TMIC) 2026
Read More

Tanzania Mining and Investment Conference (TMIC) 2026: 19-21 November 2026, Dar es Salaam

The Tanzania Mining and Investment Conference (TMIC) 2026 will be held from 19 to 21 November at the Julius Nyerere International Convention Center (JNICC) in Dar es Salaam under the theme "Value-Added Minerals: The Engine of Industrialization and Economic Growth." Hosted by the Ministry of Minerals with the Tanzania Chamber of Mines, the seventh edition expects 2,000 to 3,000 participants from over 50 countries and more than 100 speakers to discuss financing and de-risking value-addition projects, critical minerals pipeline projects, and industrial parks for smelting and refining, alongside project pitching by selected mining projects and value-addition opportunities in cement, ceramics, graphite for battery anodes, nickel, cobalt, steel, copper, and gold.
EU-Tanzania Investment & Business Forum 2026-2027 Helsinki day 1
Read More

EU–Tanzania Roadshow Opens in Helsinki With Mineral and Digital Investment Pitches

At the EU-Tanzania roadshow in Helsinki, the EU and Finland said they want to invest in Tanzania's critical minerals and digital economy, backed by a new EUR 156 million EU package and by Finnish financiers Finnvera and Finnfund, which confirmed they are open to Tanzanian deals. Tanzania offered European companies entry into graphite, nickel and rare earths processing, including at a former gold mine converted into a mineral processing zone, as well as into data centres, submarine cables and broadband, backed by TZS 7 trillion in planned public spending.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free