Acacia seeks stay of intl arbitration; ordered to halt use of North Mara TSF

LSE-listed Acacia Mining’s Tanzanian operating subsidiaries, Bulyanhulu Gold Mine and Pangea Minerals, plans to seek a stay of their international arbitration with the government of Tanzania. If the Tanzanian government agrees to the stay, Acacia expects the arbitration hearing to be postponed to provide time for the government to complete its settlement discussions with Acacia’s parent company Barrick Gold.