Acacia Mining (LON:ACA), Tanzania’s No.1 gold producer, announced Monday that it will reduce operational activity at its Bulyanhulu Gold Mine. “The decision was driven by unsustainable cash outflows at the mine due to the concentrate ban and the operating environment,” officials said in a statement. Acacia is in the midst of a bitter dispute with…

The AFP Ottawa Philanthropy Awards has announced its seven esteemed award recipients that will be honoured at the big gala event on November 14. Presented by The Foundation (WCPD), which is serving as Title Sponsor for the second consecutive year, the AFP Ottawa Philanthropy Awards (known as “The Phils”) brings together some of the brightest…

DANIELLE BOCHOVE , Bloomberg News Outnumbered and outflanked, Freeport-McMoRan Inc. chief executive officer Richard Adkerson made an about-face. Only months before, Mr. Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials in Jakarta last week, the veteran executive told…