Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Barrick to Open New Mine in Sengerema

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by nngu007, May 20, 2012.

  1. nngu007

    nngu007 JF-Expert Member

    #1
    May 20, 2012
    Joined: Aug 2, 2010
    Messages: 15,874
    Likes Received: 28
    Trophy Points: 145
    Tanzania Daily News (Dar es Salaam)
    6 MAY 2012

    AFRICAN Barrick Gold (ABG) is set to open another gold mine in Sengerema district, Mwanza region in which the government will have free carried interests in line with the Mining Act of 2010, Energy and Minerals Minister William Ngeleja announced in Dar es Salaam on Thursday.

    The free-carried interest (a share that a general partner receives as compensation, despite not contributing any initial funds) will enable us to get dividends and have representation in the board of directors," Mr Ngeleja said. The minister made the remarks during an occasion to unveil the Mining Advisory Board (MAB) in Dar es Salaam on Thursday.

    The formation of the ten-member board is in line with the requirements of the Mining Act of 2010. It will be charged with advising the government on all matters related to the mining sector. ABG announced mid this week that gold deposits at the envisaged gold mine, to be dubbed Nyanzaga Project, are in excess of four million ounces.


    "This continues to increase our confidence that the Nyanzaga project, which comprises the Tusker and Kilimani mineralized zones, has the potential to become our next mine in Tanzania," a statement by the mining conglomerate said.

    The Canadian-based company already has four mining operations in the country namely Buzwagi, Tulawaka, Bulyanhulu and North Mara. Minister Ngeleja was however not in a position to state the percentage of shares that the government will have in the new gold project.

    At present, the government controls 45 per cent stake in Buckreef Gold Mine in Geita through the State Mining Corporation (STAMICO) as well as 20 and 30 per cent in Mchuchuma/Liganga and Ngaka iron and coal mines respectively through the National Development Corporation.

    Addressing the new members of the Mining Advisory Board and other delegates earlier, Mr Ngeleja said four mining companies; TanzaniteOne, Resolute, Geita Gold Mine and Tulawaka have started paying 30 per cent of corporate tax as required by the law.


    "Apart from the corporate tax, mining companies are obliged to pay skills development levy, withholding tax, excise duty in addition to stamp duty and Pay As You Earn (PAYE) and other levies paid to local government authorities where they operate," the minister explained.


    He decried what he described as fallacy by some sections of the public that the mining sector has had no contribution in the economy, stating that despite a number of challenges in the sector, it has played a vital role to boost the economy. "The sector has enabled the government to earn increased foreign exchange and employment opportunities. Available statistics indicate that the sector accounts for about 52 per cent of total exports and that it employs about 15,000 people," he explained.

     
  2. MNAMBOWA

    MNAMBOWA JF-Expert Member

    #2
    May 20, 2012
    Joined: Oct 17, 2011
    Messages: 1,956
    Likes Received: 46
    Trophy Points: 145
    mh, stephen masele naibu waziri madini dili na hao, bila 45 % hakuna kusaini mkataba
     
  3. K

    Kiumbo JF-Expert Member

    #3
    May 20, 2012
    Joined: Feb 4, 2012
    Messages: 561
    Likes Received: 4
    Trophy Points: 0
    tumekwisha huko nyuma washamaliza wametuachia mashimo tu. Shamba la bibi kipofu na kilema nyani wanakula tani yao.
     
  4. BONGOLALA

    BONGOLALA JF-Expert Member

    #4
    May 20, 2012
    Joined: Sep 14, 2009
    Messages: 13,024
    Likes Received: 1,322
    Trophy Points: 280
    hivi haiwezekani soko la kimataifa la dhahabu,tanzanite kuwa pale mlimani city?mombasa wana soko la kimataifa la chai.Makampuni yote yachimbe madini kisha walete dar mnunuzi toka nje ya nchi aje pale mlimani city anunue!!hii itakua kama kile kipindi mrema aliamuru BOT inunue dhahabu tukaona shilingi yetu ilivyo panda thamani ikawa 1usd=tshs 450
     
  5. P

    Precise Pangolin JF-Expert Member

    #5
    May 20, 2012
    Joined: Jan 4, 2012
    Messages: 11,318
    Likes Received: 417
    Trophy Points: 180
    Kamata wezi hao lazima tubakie na mahandaki na hayo lazima yawe ndio makaburi ya ccm
     
  6. nngu007

    nngu007 JF-Expert Member

    #6
    May 20, 2012
    Joined: Aug 2, 2010
    Messages: 15,874
    Likes Received: 28
    Trophy Points: 145
    Everywhere around Tanganyika's Land there is Mineral's what we don't need is a corrupt Government like the CCM GVT

    We need a transparent Government so that Our people in rural areas like Sengerema will benefit from the Mines and not

    only FISADI Ngeleja and his Cronies - AIBU KWELI
     
  7. Nyalotsi

    Nyalotsi JF-Expert Member

    #7
    May 20, 2012
    Joined: Jul 20, 2011
    Messages: 4,754
    Likes Received: 116
    Trophy Points: 160
    kila nikisikia madini yamegunduliwa roho yangu inaniuma sana. Kwani wananchi watapokwa ardhi,watachomewa nyumba,watapigwa na mwisho faida yote inaishia kwa wazungu na kina jk. Bora hata wangekuwa wanahudumia jamii inayowazunguka kwa maji,shule na afya. Ajira zenyewe watu wanatoka nje. Eee,Mungu tunusuru na huu unyanyasaji wa kina jk na wenzake
     
  8. s

    sheky Senior Member

    #8
    May 20, 2012
    Joined: Apr 2, 2012
    Messages: 188
    Likes Received: 0
    Trophy Points: 33
    Tanzania tuamke, ukweli ni kuwa kama tunataka kusubiri hadi walaji ndo watuambie karibu tutanawa na kula hatuli. Soko la mazao ya madini yote liwekwe hapa kwetu nchini. Haiwezekana thamani inapanda na sisi tunaendelea kung'aa macho. Hiyo habari ya corporate tax kuambiwa kuwa sasa yameanza kulipa na hali sheria ilipitishwa 2010 ni kuona ambavyo hatuko makini kudai kilicho chetu. Hata lini tutaendelea kushangaa watu wakijishibisha urithi wetu?
     
  9. Ndahani

    Ndahani JF-Expert Member

    #9
    May 20, 2012
    Joined: Jun 3, 2008
    Messages: 11,547
    Likes Received: 131
    Trophy Points: 160
    Mkataba huu utasainiwa wapi maana wa Buzwagi ulisainiwa London baada ya mwekezaji kutishia kutoendelea na mradi,lol!
     
  10. Gagurito

    Gagurito JF-Expert Member

    #10
    May 20, 2012
    Joined: Feb 11, 2011
    Messages: 5,618
    Likes Received: 17
    Trophy Points: 135
    97% kwa 3% tena?
     
  11. BADILI TABIA

    BADILI TABIA JF-Expert Member

    #11
    May 20, 2012
    Joined: Jun 13, 2011
    Messages: 28,298
    Likes Received: 3,081
    Trophy Points: 280
    vuneni vuneni tu





    kidumu chama cha mapinduzi....
     
Loading...