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Tanzania fines Acacia Mining for breaching environmental regulations

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(Reuters) – Acacia Mining <ACAA.L> said on Thursday the Tanzanian government has fined the miner 300 million Tanzanian shillings (£102,278), two days after the government appointed a new mining minister, over allegations of breaching environmental regulations by its North Mara mine.

The gold producer is in the middle of a prolonged spat with the government over a $190 billion tax bill, which has severely limited the London-listed company’s operations in the East African nation.

The company’s North Mara mine, where operations remain unaffected, received an Environmental Protection Order (EPO), it said.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by James Emmanuel)

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