mining tanzania recent

Tanzania Mining News and Commentary | MINING.com

Tanzania is seeking to take more of the profits from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector. .... President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.

Read More

Recent changes to the Mining Act in Tanzania have significant ...

Sep 18, 2017 ... The recent changes to the Mining Act in Tanzania have significant ramifications for service providers to the Tanzanian mining industry (Service Providers). Urgent legal advice should be sought to ensure compliance with the new legislation. Pursuant to the Written Laws (Miscellaneous Amendments) Act...

Read More

Tanzania's president signs new mining bills into law - Reuters

Jul 10, 2017 ... The laws, which also increase royalties tax on gold and other minerals, were passed by parliament last week despite opposition from the mining industry body. Magufuli reiterated on Monday that no new mining licenses would be issued until Tanzania “puts things in order” and that the government would...

Read More

Significant recent changes to Tanzania's mineral law regime ...

Jul 27, 2017 ... The Natural Wealth and Resources Contracts (Review and Re-negotiation of Unconscionable Terms) Act, 2017 ("Unconscionable Terms Act") mandates the Government to renegotiate or remove terms from investor-state agreements that Parliament considers "unconscionable".

Read More

Mining firms react to Tanzania's new laws - The East African

Jul 8, 2017 ... Australian mining company OreCorp has announced plans to review its operations in Tanzania, which is reviewing its mining laws to enable the government to renegotiate mining contracts. Recently, parliament passed the Natural Wealth and Resources Contract (Review and Re-negotiations of...

Read More

Tanzania Passes Laws Enabling Renegotiation of Mining Deals ...

Jul 3, 2017 ... Tanzania approved two laws that enable the government to renegotiate contracts with mining and energy companies as the state seeks a greater ... “The Magufuli government clearly feels emboldened by its recent and very public spat with Acacia Mining and is assuming that the industry will accept the new...

Read More

Tanzania's Crackdown On Mining Companies Intensifies | OilPrice ...

Aug 5, 2017 ... In recent months, the government of Tanzania has tightened its control over its natural resources – and the mining sector in particular – through a serious government crackdown on tax evasion and corruption, which has largely targeted mining companies, in an attempt to elicit increased revenue from...

Read More

Mining in Tanzania - CountryMine - InfoMine

(Mining Journal special publication - Indaba 2010) A summary by country of the political scene and recent mining developments in Africa. Tanzania National Website. Mineral overview and targeted sites, policy and regulations. (9) more links. Government. The Ministry of Energy and Minerals (MEM) · Ministry of Mines and...

Read More

Tanzania Overhauls Mining Laws - Jones Day

SUBSCRIBE TO RSS. Recently, Tanzania enacted a series of mining laws that significantly erode protection for existing and future investments in the mining industry. As part of these measures, one foreign investor has been assessed a US$190 billion penalty. It is important for investors to obtain immediate legal advice to.

Read More

Topic - Tanzania - Mining Weekly

By: Reuters 24th March 2018 Barrick Gold, the world's largest producer of bullion, cut the 2017 compensation for its top two executives to reflect a challenging "shareholder experience" and operations at some mines. Shares in the Canadian miner declined 15% last year, even as the price of gold gained 11%. In 2017...

Read More

Working Paper No. 04/2011 Tanzania's Mining Sector and Its ...

2. STATUS OF MINES IN TANZANIA. Since 2000, Tanzania's mining industry has experienced a boom in mineral exploration and mining activities. Six large gold mines are responsible for much of the country's production4.. Largely because of these six firms, Tanzanian gold production has increased dramatically in recent...

Read More

Glimmer of hope for mining operations in Tanzania - 2 November 2017

Nov 2, 2017 ... New Tanzanian mining law In July this year, the Tanzanian government passed new mining legislation aimed at safeguarding the nation against international ... Emma Scotney take stock of recent legislative developments and their implications for Australian mining companies with projects in Tanzania.

Read More

Tanzania's Tougher Mining Laws Rattle Companies - WSJ

Aug 2, 2017 ... The latest—and largest—salvo was fired last week, when Acacia Mining PLC, the biggest gold miner in the country with $1 billion in annual revenue, majority owned by Canada's Barrick Gold Corp. , was served with a $190 billion bill for what Tanzanian authorities have said were unpaid taxes, penalties...

Read More

Tanzanian president Magufuli's record mining fine is a ... - Quartz

Jul 28, 2017 ... The Tanzanian government has asked Acacia Mining, a subsidiary of the world's largest gold mining company Barrick Gold, to pay approximately $190 billion in revised taxes, interest and fines. This latest development is a game changer in a dispute that pits mining companies against president John...

Read More

Kibo Mining

Kibo Mining plc (“Kibo” or the “Company”) is a Tanzania-based minerals exploration and development company, focused on realising value from the Mbeya Coal to ... Please refer to the RNS news releases in the News Section of the website and Webcasts in the Investor Relations Section for the latest updates on progress...

Read More

Tanzanian Royalty Exploration Corporation

TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) hereinafter . ... Tanzanian Royalty's recently released Mine Feasibility Study (MFS) defines 1.064 . ... Mr. Popescu is an independent gold/silver analyst whose projections in the mining supply are consistent with my own.

Read More

New Uranium Mining Projects - Tanzania

New report points out hazards of proposed uranium mining in Tanzania and deficiencies in regulatory framework: "This report draws our attention to two important factors. First, it highlights negative impacts of uranium mining and related health hazards on human and livestock, and its long lasting impact on the environment.

Read More

Land Tenure and Mining in Tanzania - Chr. Michelsen Institute

Tanzania is a relatively new mining country, and mining has become a hotly debated issue in the country. There is a feeling among both local people and human rights advocacy groups that the government has betrayed ordinary people. This empirical study looks at Tanzanian land and mining legislations, recent mining...

Read More

Petra Diamonds suspends operations at Tanzania mine as ...

Sep 10, 2017 ... Petra Diamonds has suspended operations at one of its mines in Tanzania and said a number of “key personnel” are being questioned by authorities ... to the company as yet”, but said the actions were connected with recent media reports about a parliamentary investigation into the Tanzanian diamond...

Read More

Tanzanian mining risk becomes a potential money pit_GB - TXF News

Nov 15, 2017 ... Despite the recent resignations of top executives at Tanzania's largest investor, Acacia Mining, there has been little progress in negotiations to resolve a long-running dispute in the country's mining sector. And apparent contradictions in the parties' stance could still see talks falter and large foreign investors...

Read More

The Citizen, Barrick, Acacia Mining, and Tanzania's Extractive ...

Aug 11, 2017 ... Petroleum, and in particular natural gas, is of key importance to Tanzania. So too is mining. An important, and more recent, example of mining content in that paper its Editorial opinion piece of August 2nd 2017, titled "Govt, Barrick should aim for amicable settlement". "Barrick" refers to mining company...

Read More

Testing times for Tanzania's mining industry | Extractive Industries ...

Sep 5, 2017 ... The recent reforms follow public upheaval related to the results of a mineral audit which accused the mining company Acacia of under-declaring the value of gold and copper being exported and thus evading tax on the profits from the sales. These allegations have been refuted by the company, which is...

Read More

Gold Mining Investment Incentives in Tanzania - Semantic Scholar

Yuduo Lu and Kung'unde G. Marco. Department of Economics, Dalian University of Technology. No.2 Linggong Road, Dalian 116024, China. Tel: 86-411-8470-2191 E-mail: ksingle007@hotmail.com. Abstract. In recent years Tanzania has seen a rapid growth of its gold mining sector, the trend which has made the country...

Read More

Africa in the news: Tanzanian mining sector, Eskom management ...

Jul 28, 2017 ... The Acacia tax bill is the latest decision in a series of steps made by the Tanzanian government to increase its control over the mining sector. President John Magufuli has been spearheading these efforts, and, on Tuesday, he argued that investors in the mining industry have “stolen” from the country and...

Read More

How to apply - Acacia Mining

Why join Acacia · Our culture · What we look for · What we offer · Graduate Programme · Our people; How to apply. How to apply. If you are interested in joining the Acacia team, please look for an opportunity on our careers website. Or send your Curriculum Vitae (CV) and covering comments to jobs@acaciamining.com.

Read More

Behind Tanzania's President John 'The Bulldozer' Magufuli's mining ...

May 26, 2017 ... Last year the government issued regulations making it compulsory for holders of special mining licences to sell 30% of their companies via initial public offerings within two years. The regulations were amended in February to make the new deadline August 23. Acacia Mining listed on the Dar es Salaam...

Read More

Investors Move To Secure Positions In Light Of Tanzania Natural ...

Dec 12, 2017 ... Recent measures introduced in the Tanzanian natural resources and mining sectors could have far-reaching implications for the value of investments in the country. As a result of legislation, approved by the National Assembly in early July, companies face the prospect of having to grant a 16 per cent free...

Read More

Tanzania | Search for Common Ground

Tanzania is a strong multi-party republic and one of the most stable countries in East Africa. However, it still faces important political and social challenges, including the marginalization of youth and women, violent extremism, and high levels of poverty — only partially mitigated by recent investments in mining and policy...

Read More

Mining in Tanzania - Global Business Reports

changed after consultation providing investors with the necessary safeguards. Consequently, in 1998 [Tanzania] got [its] first [mod- ern] gold mine. There are now more than six gold mines operating in Tanzania and, until Mali recently overtook us, we were the third biggest gold producer in Africa.” Today, Tanzania remains...

Read More

Tanzania Demands More from Mining Companies - VOA News

Sep 13, 2017 ... Tanzania's government has been cracking down on irregularities in the mining sector, most recently confiscating diamonds worth $15 million from British company Petra Diamonds, accusing it of devaluing exports. And in July, the government demanded gold miner Acacia pay $190 billion in what it asserted...

Read More

Shanta Gold

About Us. Shanta Gold is an East Africa-focused gold producer, developer and explorer. The Company is focused on its flagship asset, the New Luika Gold Mine (New Luika), located in southwest Tanzania. Learn More...

Read More

Acacia Mining (ACA) digs in for the long-haul over Tanzania mining ...

Jul 17, 2017 ... A ban on gold and copper concentrate exports has embroiled London-listed miner Acacia Mining in a dispute with the government of Tanzania over recent.

Read More

Tanzania orders wall built around tanzanite mines - EWN

Sep 21, 2017 ... DAR ES SALAAM - Tanzania's president on Friday ordered the military to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves - the latest twist in a spat with mining firms over alleged tax evasion. “All tanzanite gemstones will be controlled and will...

Read More

Is the African mining sector becoming uninvestable?

Aug 24, 2017 ... As the voices of concern increase and develop, the benefits that flow from mining and beneficiation operations are likely to be questioned, even further. Secondly, the recent mining policy and regulatory changes in Tanzania and South Africa have brought into sharp focus the fragility of investment decisions...

Read More

A brutal lesson for multinationals: golden tax deals can come back ...

Jul 6, 2017 ... Acacia's “payments to government” report [pdf] released last week shows that the company, which operates three mines in Tanzania, exported $1bn (£770m) of gold, copper and silver last year, and only paid 8% of this in taxes and royalties to the government. What's more, between 2010 and 2015, it paid...

Read More

Gold mining in Tanzania gets riskier, and more attractive too

Sep 8, 2017 ... Thus it is that Kibo Mining (LON:KIBO) has issued a string of releases about talks with the Tanzanian government, and Shanta Gold (LON:SHG) has had to make adjustments in the way in operates too. The latest to come under the spotlight is Petra Diamonds (LON:PDL) and its Williamson mine. A crusade...

Read More

Tanzania—from mining to oil and gas - unu-wider - United Nations ...

amounted to more than US$100 million in some recent years, which compares favourably with the. US$390 million for all the revenues from mining companies as shown in a report of the Tanzania. Extractive Industry Transparency Initiative (TEITI) for 2011–12 (TEITI 2014). 3.2 Prospects in the medium and longer term.

Read More

Tanzania lays down the law on local participation in mining sector

Feb 7, 2018 ... The mining industry in Tanzania is adopting a wait-and-see approach following the government's sweeping changes to mining regulations, aimed, in part, at ensuring sovereign ownership of the country's natural resources. “Over the past 12 to 18 months – and as recently as early January 2018 – there has...

Read More

Tanzania Corruption Report

The Tanzania Revenue Authority (TRA) has recently stepped up anti-corruption efforts through the development of strict and practical controls to improve ... Most corruption investigations by the Prevention and Combating of Corruption Bureau (PCCB) have been into government involvement in the mining and energy...

Read More

Tanzania Edges Towards Mine Nationalization Amidst Disputes ...

Jul 25, 2017 ... Tanzania is edging closer and closer to a total nationalization of the country's mining sector. The spirit of recent laws passed by the Parliament of Tanzania signals that the ongoing disputes between the government of Tanzania and foreign mining companies is moving towards nationalization and the...

Read More
PRE Post:peat mining transportation
NEXT Post:grinding of seeds procedure