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Dar tumbles in global policy attractiveness

Discussion in 'Jukwaa la Siasa' started by nngu007, Mar 15, 2012.

  1. nngu007

    nngu007 JF-Expert Member

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    Wednesday, 14 March 2012 12:25


    By Ludger Kasumuni

    The Citizen Reporter

    Dar es Salaam. Tanzania now ranks 11th out of 16 African countries, two points down last year’s, in policy attractiveness, according to the latest global mining survey.


    The survey by Canada-based Fraser Institute -- the world’s reputed institution for mining survey -- showed further that at the global level Tanzania ranked the 63rd out of 93 countries after scoring 38.8 points. In the 2010/2011 survey results, it was placed the 61st out of 79 with 32.4 points.

    The Policy Potential Index (PPI) is a composite index, measuring the overall policy attractiveness of the 93 jurisdictions in the survey. The PPI is normalised to a maximum score of 100. The report, released recently, shows that in the 2010/2011 PPI ranking Tanzania was at the 9th position with 32.4 points out of 100 points, whereby Botswana with 74 points ranked the first followed by Burkina Faso (66.3), Mali (58.2), Namibia (57.9), Niger (47.09), Ghana (45.1), Guinea-Conakry (40.2) and Zambia (34).

    While Tanzania is ranked 11th in 2011/12 after scoring 38.8 points, Botswana is the first with 76.9 pints, followed by Morocco (60.3), Burkina Faso (57.5), Ghana (52.9), Mali (52.9), Namibia (51), Zambia (46.1), Mauritania (45.5) and Madagascar (42).

    The PPI measures several variables including the effects of government’s mining policies, uncertainty concerning administration, interpretation and enforcement of existing regulations, environmental regulations, regulatory duplication and inconsistencies, taxation, and uncertainty on land ownership.

    Other variables are political stability, investment climate, infrastructure, labour issues, geological database, level of corruption, socio-economic agreements and security.

    Under the survey miners appear to be more pessimistic about the future of commodity prices, especially for silver, copper, diamonds, coal, zinc, nickel, potash and platinum.

    The exception is for gold and silver whose prices are expected to rise, according to the survey by Fraiser Institute which is based on Vancouver, Canada.

    The Institute this year sent questionnaires to 5,000 companies worldwide but only 802 have responded. Meanwhile in East Africa mining companies in other countries except Tanzania did not respond.

    Experts say that the implications for the falling position of Tanzania is that the sector is not well prepared in terms of putting in place a sound regulatory and institutional frameworks governing the sector to ensure good governance.

    “The country only has Environmental Impact Assessment (EIA) guidelines, which are merely project- based and are not comprehensive,” the WWF manager for the East African zone, Oil and Gas exploration, Mr Cassian Lushinge told The Citizen recently adding that SEA guidelines were necessary to mitigate environmental damages


     
  2. nngu007

    nngu007 JF-Expert Member

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