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Acacia Mining PLC (ACAA.L)

ACAA.L on London Stock Exchange

234.00GBp
16 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Odey Asset Management Discloses 1.63% Interest In Acacia Mining - Filing
Monday, 9 Sep 2019 

Sept 9 (Reuters) - Acacia Mining PLC ::ODEY ASSET MANAGEMENT DISCLOSES 1.63% INTEREST IN ACACIA MINING AS OF SEPT. 6 - FILING.  Full Article

Acacia's North Mara Gold Mine Starts Getting Export Permits In Tanzania
Friday, 16 Aug 2019 

Aug 15 (Reuters) - Acacia Mining PLC ::NOTES ON AUG 15, NORTH MARA GOLD MINE STARTED TO GET EXPORT PERMITS FROM MINING COMMISSION OF TANZANIAN MINISTRY OF MINERALS.RESUMED EXPORT OF GOLD FROM NORTH MARA; AFTER SALE OF GOLD, WILL BE ABLE TO MEET FINANCIAL OBLIGATIONS FOR EXTENDED PERIOD OF TIME.PRODUCTION AT NORTH MARA PROCESSING PLANT WILL NOT RESUME UNTIL PROHIBITION NOTICE WHICH CAME IN EFFECT ON JULY 20 IS LIFTED.MINING ACTIVITIES AT NORTH MARA UNAFFECTED, MINED ORE BEING ADDED TO STOCKPILES WHILE RESOLUTION SOUGHT ON PROHIBITION NOTICE.  Full Article

Orecorp Ltd Updates On Co's Proposed Acquisition Of Nyanzaga Project
Monday, 22 Jul 2019 

July 22 (Reuters) - Orecorp Ltd ::ORECORP'S PROPOSED ACQUISITION OF 100% OF NYANZAGA PROJECT IS NOT IMPACTED BY BARRICK GOLD OFFER FOR ACACIA.TOTAL CASH CONSIDERATION PAYABLE BY CO TO ACACIA FOR ACQUISITION OF NYANZAGA PROJECT WILL INCREASE FROM US$10 MILLION TO US$11.5 MILLION.  Full Article

Barrick To Buy Capital Of Acacia It Does Not Already Own For About 232P/Share
Friday, 19 Jul 2019 

July 19 (Reuters) - Acacia Mining ::OFFER BY BARRICK GOLD CORPORATION.REACHED AGREEMENT ON TERMS OF A RECOMMENDED OFFER BY BARRICK FOR ORDINARY SHARE CAPITAL OF ACACIA THAT BARRICK DOES NOT ALREADY OWN.EACH SCHEME SHAREHOLDER WILL RECEIVE: FOR EVERY SHARE: 0.168NEW BARRICK SHARES AND ANY ACACIA EXPLORATION PROPERTIES SPECIAL DIVIDENDS.PROPOSED DEAL FOR TOTAL CONSIDERATION OF APPROXIMATELY £343 MILLION ($428 MILLION) FOR ACACIA MINORITY SHAREHOLDERS.PROPOSED DEAL FOR TOTAL VALUE OF APPROXIMATELY £951 MILLION FOR ACACIA.BARRICK AGREED, FOR BENEFIT OF ALL ACACIA SHAREHOLDERS, TO UNDERTAKE A SALES PROCESS TO REALISE VALUE FOR SALE EXPLORATION PROPERTIES.TERMS OF ACQUISITION ARE FINAL AND THEREFORE, BARRICK WILL NOT BE PERMITTED TO INCREASE TERMS OF ACQUISITION.BARRICK TO DISPOSE OF SALE EXPLORATION PROPERTIES IN AN ARM'S LENGTH TRANSACTION OR SERIES OF TRANSACTIONS.TERMS OF SHARE FOR SHARE EXCHANGE RATIO IMPLY A VALUE OF APPROXIMATELY 232 PENCE PER ACACIA SHARE.  Full Article

Further Update Concerning Acacia Mining PLC
Wednesday, 10 Jul 2019 

July 9 (Reuters) - Barrick Gold Corp ::FURTHER UPDATE CONCERNING ACACIA MINING PLC (“ACACIA”).BARRICK GOLD - APPROVED EXTENSION OF DEADLINE FOR ANNOUNCEMENT OF A FIRM INTENTION TO MAKE A FIRM OFFER FOR ACACIA TO 5:00 P.M. ON JULY 19, 2019.BARRICK GOLD -HAS CONTINUED TO DISCUSS PROPOSAL TO BUY ALL OF ACACIA SHARES IT DOES NOT ALREADY OWN.BARRICK GOLD-REVIEWING REPORT BY SRK CONSULTING LTD ON ACACIA'S GEOLOGICAL AND RESOURCE MODELLING AGAINST ITS OWN DUE DILIGENCE STUDY OF ACACIA'S ASSETS.BARRICK INTENDS TO MEET EARLY NEXT WEEK WITH REPRESENTATIVES OF ACACIA AND SRK TO DISCUSS SRK REPORT AND RELATED MATTERS.  Full Article

Acacia Says PUSU Deadline For Barrick Offer Extended To July 19
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Acacia Mining PLC ::ACACIA AGREES TO BARRICK'S REQUEST FOR AN EXTENSION OF PUSU DEADLINE.PUSU EXTENSION IS TO ALLOW BARRICK MORE TIME TO REVIEW CPR AND FACILITATE FURTHER ENGAGEMENT WITH ACACIA ON TERMS OF PROPOSAL.TO ALLOW BARRICK TO FACILITATE FURTHER ENGAGEMENT WITH CO ON TERMS OF PROPOSAL, BARRICK REQUESTED CO SEEK EXTENSION TO PUSU DEADLINE.PUSU DEADLINE FOR BARRICK'S OFFER FOR ACACIA EXTENDED TO NOT LATER THAN 5.00PM ON 19 JULY.SRK CONSULTING'S REVIEW CONCLUDED CO'S PROCESSES USED IN FORMULATING LIFE OF MINE PLAN SCENARIOS, RESOURCE & RESERVE STATEMENTS ARE "ROBUST".PREFERRED AND HIGH VALUE SCENARIOS, WHICH SUPPORT CO'S LIFE OF MINE PLANS, IMPLY VALUATION RANGE OF 271-281 PENCE PER ACACIA SHARE.LOW VALUE SCENARIO, WHICH IS CONSIDERED HIGHLY CONSERVATIVE BY COMPANY, IMPLIES VALUE OF 203 PENCE PER ACACIA SHARE.  Full Article

Odey Asset Management Discloses 2.18% Interest In Acacia Mining As Of July 8 - Filing
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Acacia Mining PLC ::ODEY ASSET MANAGEMENT DISCLOSES 2.18% INTEREST IN ACACIA MINING AS OF JULY 8 - FILING.  Full Article

Acacia Mining Says Co Plans To Continue Underground Diamond Drilling At Gokona
Friday, 5 Jul 2019 

July 5 (Reuters) - Acacia Mining PLC ::NORTH MARA RESERVES & RESOURCES STATEMENT UPDATE.SIGNIFICANT INCREASES IN GOKONA MINERAL RESERVES, M&I MINERAL RESOURCES.INFERRED MINERAL RESOURCES DEMONSTRATE LONG-TERM POTENTIAL OF GOKONA UNDERGROUND MINE.PLANS TO CONTINUE UNDERGROUND DIAMOND DRILLING AT GOKONA.NYABIRAMA OPEN PIT EXPERIENCED SOME SLOPE STABILITY ISSUES DURING Q1 2019 WHICH LED TO A REDESIGN OF OPEN PIT.CURRENT WORK INDICATES THERE WILL LIKELY BE FURTHER 70KOZ TO 130KOZ DECREASE IN NYABIRAMA OPEN PIT MINERAL RESERVES.  Full Article

• BARRICK CEO MARK BRISTOW SAYS OFFER FOR ACACIA IS 'MORE THAN FAIR' BASED ON DUE DILIGENCE
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Acacia Mining PLC ::BARRICK CEO MARK BRISTOW SAYS OFFER FOR ACACIA IS 'MORE THAN FAIR' BASED ON DUE DILIGENCE.BARRICK SEES 'SUBSTANTIAL RISK' IN ACACIA ASSETS, PRODUCTION EXPECTATIONS LOWER THAN ACACIA MINE PLAN INDICATES -CEO.BARRICK HAS CONVEYED AVAILABILITY TO DISCUSS OFFER WITH ACACIA MINORITY SHAREHOLDERS, TO ENGAGE WITH THEM IN COMING WEEKS -CEO.BARRICK SHAREHOLDERS DO NOT WANT CO TO DESTROY ACACIA VALUE BUT ALSO DO NOT WANT TO GIVE AWAY VALUE -CEO.  Full Article

Barrick Gold Corp Updates on Acacia Mining's Tanzania And Mine Plans
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Barrick Gold Corp ::BARRICK GOLD CORP ACACIA MINING PLC - UPDATE RE ACACIA MINING: TANZANIA AND MINE PLANS.BARRICK GOLD CORP - PROPOSAL IMPLIES A VALUE FOR ACACIA OF US$887.8 MILLION AND TOTAL CONSIDERATION TO MINORITY SHAREHOLDERS OF ACACIA OF US$320.1 MILLION.BARRICK GOLD - PROPOSED SOLUTION WHICH BARRICK BELIEVES REPRESENTS FAIR VALUE FOR ACACIA & IN BEST INTERESTS OF ACACIA AND ITS MINORITY SHAREHOLDERS.BARRICK GOLD CORP - VALUE FOR ACACIA IMPLIED BY PROPOSAL HAS INCREASED FROM US$787 MILLION AT DATE OF ANNOUNCEMENT OF PROPOSAL TO US$887.8 MILLION.BARRICK GOLD - GOVERNMENT OF TANZANIA HAS NOW MADE IT CLEAR THAT IT IS NOT PREPARED TO ENTER INTO SETTLEMENT AGREEMENTS DIRECTLY WITH ACACIA.BARRICK GOLD CORP - BARRICK'S DISCUSSIONS WITH INDEPENDENT DIRECTORS IN RELATION TO PROPOSAL ARE CONTINUING.BARRICK GOLD - DRAFT SETTLEMENT AGREEMENTS INCLUDE THAT GOING FORWARD GOT, TMCS TO SHARE ECONOMIC BENEFITS DERIVED FROM TANZANIAN MINES ON 50/50 BASIS.BARRICK GOLD - AGREEMENTS PROVIDE FOR PAYMENT BY ACACIA OF $300 MILLION FOR FINAL SETTLEMENT OF ALL EXISTING DISPUTES BETWEEN GOT AND ACACIA GROUP.BARRICK GOLD - US$300 MILLION PAYMENT IS OUTSIDE OF (AND THEREFORE NOT TAKEN INTO ACCOUNT FOR PURPOSES OF) 50/50 SHARING OF ECONOMIC BENEFITS OVER TIME.BARRICK GOLD CORP - DRAFT SETTLEMENT DOES INVOLVE A SIGNIFICANT VALUE TRANSFER FROM ACACIA TO GOT.  Full Article

UPDATE 4-Barrick doesn't have 'for-sale' sign on Tongon, Massawa, but open to options -CEO

Aug 12 Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.