(Reuters) - Canadian gold miner Endeavour Mining Corp (TO:EDV) said on Tuesday it had ended discussions with London-based Acacia Mining Plc (L:ACAA) regarding a potential merger.
Endeavour, which operates mines in West Africa, had held talks with Acacia earlier in January.
Acacia, which is majority owned by Barrick Gold (TO:ABX), also said on Tuesday it had decided not to progress towards a combination of the companies.
Acacia had said in March that it stopped gold and copper concentrate exports from Tanzania following a ban by the government on unprocessed ore, putting nearly a third of its revenue at risk.
Tanzania is Africa's fourth-largest gold producer and Acacia its largest miner. The miner also has operations in Kenya, Burkina Faso and Mali.