We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Acacia Mining Plc | LSE:ACA | London | Ordinary Share | GB00B61D2N63 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 234.00 | 234.60 | 235.40 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
21/7/2017 15:12 | Already sub 300....for some weeks now! | casano | |
21/7/2017 14:46 | May be able to get ACA sub 300 | edjge2 | |
21/7/2017 13:51 | Does not look like he wants to negotiate any deal. Tanzania's President John Magufuli has threatened to close down all gold mines in the country if mining companies delay talks with his government aimed at resolving allegations of tax evasion. The announcement by Magufuli, nicknamed "the Bulldozer" for his forceful leadership style, marks a further escalation of a dispute with foreign companies like Acacia Mining over export revenues. "We have asked them to come for talks ... they have agreed to come. But if they delay those talks, I will close down all the mines," Magufuli told a cheering crowd at a public rally in the northwestern town of Kigoma. | sarpanch | |
21/7/2017 11:33 | These changes include, among others: the right for the Government of Tanzania (GoT) to renegotiate existing mineral development agreements at its discretion; the provision to the GoT of a non-dilutable, free-carried interest of no less than 16% in all mining projects; the right for the GoT to acquire up to 50% of any mining asset commensurate with the value of tax benefits provided to the owner of that asset by the GoT; removal of the refund of input VAT incurred on production of raw minerals for export; an increase in the rate of royalties from 4% to 6% on revenues from gold, copper, silver and platinum group metals; requirements for local beneficiation and procurement; constraints on the use of off-shore bank accounts; and a GoT lien over materials extracted from mining operations. | ukgeorge | |
21/7/2017 11:32 | May be waiting a while for it to hit 270p | airs999 | |
21/7/2017 11:04 | on at 252 and will be a seller at 270 net profit will be 6k not bad at all................. | 1corrado | |
21/7/2017 11:03 | Also, foreign staff have been asked to the leave the country. Its cash balance shrink 45% in last five months. Cash balances fell to $176m at the end of June from $318m six months earlier, with net cash of $90.7m after the export ban and a $51m VAT outflow. | sarpanch | |
21/7/2017 10:53 | Some staff has been arrested as well. If this situation continue in next quarter, it will be very bad for the share prices. | sarpanch | |
21/7/2017 09:16 | Over the next 6 months or so Gold and Silver are set to fly This will compensate for the additional taxes levied Good medium hold here | bigboots | |
21/7/2017 08:38 | All very disapointing. I will never buy here again. the thread will be maintained but i no longer will have this on my radar. Downside chart targets 2014 LOW 190.7 2015 low 153.66 All Time Low 93.5, If it gets down there then Barrick may as well buy back all the outstanding shares free stock charts from uk.advfn.com | enami | |
21/7/2017 08:33 | BOUGHT AT 252P MONEY TO BE MADE................ | 1corrado | |
21/7/2017 07:14 | back to below 250p happy on the way to buy well below 250p and perhaps even below 240p................ | 1corrado | |
13/7/2017 08:20 | RNS Retirement of Non-Executive Director Boardroom hanky panky? | enami | |
11/7/2017 12:49 | So from what i've seen,the meaningful discussions between Barrick and the Tanzanian delegation start tomorrow then.Or am i totally wrong on that assumption? | redbaron10 | |
11/7/2017 10:27 | A brutal lesson for multinationals: golden tax deals can come back and bite you Maya Forstater and Alexandra Readhead. Thursday 6 July 2017 13.10 BST Mines are long-term investments, but relationships between mining companies and governments are often tense and impatient. Governments fear that they will be ripped-off by multinational companies, while the companies worry that governments will hold their assets hostage. Nervous companies seek contract terms that allow them to recover their costs as quickly as possible. However, this leads to taxes trickling in while exports are beginning to flood out. The risk is that governments see their fears confirmed and threaten to rip up the contracts. This risk just became reality for Acacia Mining plc in Tanzania. The FTSE 250 company is the largest gold producer in the country, and has long faced criticism for the amount of tax it pays there. Acacia’s “payments to government” report [pdf] released last week shows that the company, which operates three mines in Tanzania, exported $1bn (£770m) of gold, copper and silver last year, and only paid 8% of this in taxes and royalties to the government. What’s more, between 2010 and 2015, it paid out $444m in dividends to shareholders while not paying any corporate income tax in the country. CEO Brad Gordon admits that the original mining agreement was not equitable. “The industry can be its own worst enemy,” he said in March. “When it sits down and agrees these terms it’s gonna come back and bite us.” In 2016 Acacia agreed [pdf] to bring forward corporate tax payments by three years. However, public and political outrage has only grown. It is now painfully coming to a head, with the Tanzanian president John Magufuli accusing the company not only of striking an unbalanced deal but of massively under-reporting its gold exports to evade tax. | stevea171 | |
10/7/2017 08:40 | Class action against part owners Barrick launched in states, not sure if ACA a factor. | edjge2 | |
07/7/2017 13:49 | Redtrend It is there,i read it re international arbitration but i don't have access to the document now. However with regard to royalties if Acacia has a say 3 % agreement in place then it would be up to the government to decide if they wish to renegotiate. I should imagine however that any new mining licences granted would automatically have a 6% royalty clause inserted as a matter of course. Of course it might stay at 3% if a large sum was handed over towards a smelter ! | redhill | |
07/7/2017 12:10 | With 30% Corp Tax, 6% royalties and 1% "inspection fee" for exports, Tanzania is now veering on the high side when you compare it to other tax + royalty jurisdictions. But overall it's not too unreasonable, it's more the ongoing dispute and how "unconscionable terms" will be applied which is the main worry. I have to admit I could not find any reference to the rise in royalties from the various laws and acts passed, nor could I find any reference to removal of international arbitration. Maybe someone found them in the docs could point me to it? The new Tanzanian Permanent Sovereignty Act actually references and recognises the UN GA Resolution 1803 (XVIII) in its preambles, which covers international arbitration. | redtrend | |
07/7/2017 11:21 | does not seem unreasonable to up royalties by 2% | mike24 | |
04/7/2017 13:34 | Acacia has served notices of arbitration. | ukgeorge | |
04/7/2017 12:46 | Support at 250. See where this goes. If 250 goes then £2? Things taking a bit longer than I had hoped..but still feeling value will out, eventually | tsmith2 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions