Acacia seeks arbitration after Tanzania tears up mining contracts

Tanzania's largest miner Acacia, on Tuesday said it was seeking an arbitrator to resolve its friction with the Tanzanian government. This comes a day after the country passed two laws to force companies to re-negotiate their contracts.

Tanzania's President John Magufuli has has been on his crusade to the mining community with a series of actions since he took over power in 2015 in a bid to champion for revenue distribution to the people.