Troubled West African gold miner Acacia Mining (ACA) has “been in contact with the Serious Fraud Office (SFO) about the allegations of corrupt activities in Tanzania”, according to the miner.
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The statement, rushed out after markets closed on Friday, came in response to a Wall Street Journal article which stated the London-based fraud agency was investigating “accusations that employees of the company...bribed Tanzanian government officials and consultants”.
Acacia, which for almost two years has been embroiled in a complicated standoff with the Tanzanian government, said it was not aware of an investigation. This didn’t stop the shares slipping from a high of 198p to 178p by the close of trading on Monday.
