Acacia Mining and Petra Diamonds are said to engage with the government regarding offloading 30 per cent to public as stipulated by new law. "The government has 25 per cent stake in Williamson Diamonds, but still those shares are not public held. Petra Diamonds owns jointly Williamson Diamonds with the government under a 75 and 25 per cents stakes. Petra Diamonds CEO Johan Dippenaar only said they are discussing the issue and declined to provide further details and commented on the entire discussions with the government. Acacia, a London-listed mining firm, has three mines Buzwagi, North Mara and Bulyanhuluand is cross-listed to Dar es Salaam Stock Exchange form London Stock Exchange.

Source: The North Africa Journal April 25, 2017 08:37 UTC