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Anglo gold ashanti watishia kukimbia tanzania

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Mzee2000, Oct 27, 2012.

  1. M

    Mzee2000 JF-Expert Member

    Oct 27, 2012
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    AngloGold Tanzania Unit May Pay $200 Million in Taxes This Year

    By David Malingha Doya|Oct 26, 2012 11:58

    AngloGold Ashanti Ltd.'s (ANG) Tanzanian unit expects payments to the government to double to about $200 million this year, after it pays its first full-year corporate tax and a royalty increase that it's negotiating to decrease.
    Geita Gold Mine Ltd. paid about $100 million to Tanzania last year, "slightly less" than $45 million of which was royalties, Geita Managing Director Gary Davies said. The royalty component will grow because the government raised the rate and gold's price increased, he said.

    "We are paying the 4 percent royalty rate but in protest, because we are still discussing it, and have not yet reached an agreement," he said yesterday in an interview in the northern town of Arusha at a mining conference. "The latest round of discussion was fairly positive. I can't give details of it."

    The Tanzanian government increased royalties for mining companies by 1 percentage point to 4 percent when it enacted legislation in 2010. African Barrick Gold Plc (ABG), the biggest producer of the metal in the East African country, is the only miner that has agreed to pay the higher royalty so far. Tanzania, which vies with Mali to be Africa's biggest producer of gold after South Africa and Ghana, is seeking to gain more from the resource. Energy and Minerals Minister Sospeter Muhongo has urged companies to aim at breaking even in at most five years, so that they start paying corporate tax.

    "Tanzania's mining industry is currently based on six major mines, and we think government should aim at gaining more from the sector by expanding it, awarding more licenses," Davies said. "Trying to gain more from the existing operations may instead shrink the sector."

    Extending Geita

    Geita is producing about 500,000 ounces a year and has a mine-life of about seven years, he said.

    "We are doing exploration to try and extend it, probably for another seven, eight years," Davies said. The company has started studies for underground mining at Nyakanga, which is part of the Geita license, that may be completed by 2015, he said.

    AngloGold is also exploring alternative sources of energy to decrease dependence on expensive fuel-generated power currently, accounting for 15 percent of the plant's costs, according to Davies. The Tanzania Electric Supply Co. may connect the mine to the national grid by 2015.

    "Electricity from the national grid will have an impact on cost," Davies said. "We will maintain it as one of the alternatives among other sources, while we see if that supply is reliable and sustainable."

    To contact the reporter on this story: David Malingha Doya in Dar es Salaam at
  2. N

    Ndumbwi Member

    Oct 28, 2012
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    Nafikiri waende zao tu kama hawawezi ku-comply na hata hicho kidogo kilichomo kwenye contracts. Dhahabu yetu haiozi tutachimba wenyewe tutakapo kuwa tayari au tutakapopata terms nzuri na mwekezaji mwingine.

    BADILI TABIA JF-Expert Member

    Oct 28, 2012
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    wakwende zao
  4. babu M

    babu M JF-Expert Member

    Oct 28, 2012
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    Ngombe wanaelekea mkiani ndiyo wanaanza kuleta choko choko..Wapuuzi kweli!!
  5. Mzalendo80

    Mzalendo80 JF-Expert Member

    Oct 28, 2012
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    Waondoke na wasirudi tena watakuja kuchimba watoto zetu na wajukuu zetu. Hatuhitaji wawekezaji kwenye madini tena. Na wala wasione kama wanatusaidia wanavyochimba, wameiba vyakutosha.
  6. Cathode Rays

    Cathode Rays JF-Expert Member

    Oct 28, 2012
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    Hawa jamaa nahisi wameshtuka kodi inapandishwa wakati muda umebaki kidogo kuwaachia mahandaki
  7. Full Moon

    Full Moon JF-Expert Member

    Oct 30, 2012
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    kwenye article hajaweka yote hapo juu, these bastards are absolute vultures, let them **** off..wamepata 4.2$Billion in the past decade and they only paid 683$ Million, alafu bado wanataka kulipa chini zaidi..****them..kuna vitu vinatia uchungu mpaka koo linauma.

    "The Geita mine recorded revenues in excess of $4,2 billion over the past decade and paid $683 million to the Treasury during the period in corporate tax, royalties, withholding taxes, payroll taxes and other fees, Davies said". AngloGold says Tanzania law changes worry investors - NewsDay Zimbabwe. Nimefanya calculations, they made a profit of over $3.5Billion alafu they have the balls to complain?? JK tafadhari sana wafukuze.

  8. M

    Mbozib JF-Expert Member

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    Wajinga wakubwa hawa
  9. D

    Dangote JF-Expert Member

    Jan 30, 2013
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    Tanzania tukisema walipe 30% tax wanasema nyingi wakat wanachimba australia wanalipa 60% na haiwi zogo na hata kwenye gesi itakua ivyo ivyo norway tax 78% on their gas
  10. meningitis

    meningitis JF-Expert Member

    Jan 30, 2013
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    wachape lapa!hivi mpaka leo mainjinia wetu hawana uwezo wa kuchimba madini?