Britain’s anti-fraud regulator has opened an investigation into suspected corruption in Australian-British miner Rio Tinto Plc’s business conduct in the Republic of Guinea, the agency said.
Britain’s anti-fraud regulator has opened an investigation into suspected corruption in Australian-British miner Rio Tinto Plc’s business conduct in the Republic of Guinea, the agency said.
Shares collapsed on the news to close almost 21% lower in London.
Tanzania took in some of Acacia Mining’s (LON:ACA) employees and questioned them this week in an escalation of a legal dispute between the government and the mining company.
June proved to be a hot month for Canada’s Barrick Gold Corp. (Barrick) and its London-based 63.9%-owned subsidiary Acacia Mining plc. (Acacia). Both in Tanzania’s capital Dar es Salaam and at the North Mara Gold Mine ltd.[1] (North Mara) problems escalated for the companies.
