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Acacia Mining says valuing Tanzania mines for possible sale

Reuters - UK Focus

LONDON, Feb 16 (Reuters) - Gold miner Acacia Mining (Frankfurt: 33A.F - news) confirmed on Friday it had begun to value its Tanzanian operations for a potential sale after expressions of interest from Chinese buyers.

"The Company is engaging with a small number of potential investors, the process remains at a very early stage and there can be no certainty that an agreement will be reached," the London-listed miner said in a statement.

Reuters reported on Friday that China's Shandong Gold Mining Co Ltd and Zijin Mining Group Co Ltd were in separate talks with Acacia to form a joint venture for its Tanzania mines. (Reporting by Zandi Shabalala; Editing by Adrian Croft)