Daily News; Friday,October 05, 2007 @09:01 GEITA Gold Mines (GGM) has paid out 200,000 US dollars (about 200 million/-) to Geita District as part of its contribution to local government development in the area as negotiations to improve other parts of the deal between the government and the country's second largest gold mining firm continues. GGM Executive Director, Mr Hatibu Senkoro told 'Daily News' yesterday that his firm has decided to pay the amount while negotiations are on because the decision reached earlier by other stakeholders to contribute to local government is valid enough and does not require much haggling. He said apart from the payments made, negotiations to review the Mining Development Agreement (MDA) and other issues pertaining to win-win situation on mining industry as observed by President Jakaya Kikwete are at advanced stages. "Negotiations are at advanced stage and we hope if the trend remains the same we will soon conclude the deal as both sides are positive," said Mr Senkoro who is also the Anglo Gold's Country Manager. Anglo Gold is GGM'S parent company. The Minister for Energy and Minerals, Mr Nazir Karamagi could not be reached yesterday for comments, but his Deputy, William Ngeleja said the government was happy with the on going negotiations and hoped to conclude the deal soon. The government has been holding meetings with mining companies to review mining contracts for the benefit of both sides as well as the society. The first mining firm to conclude a deal on a win-win situation negotiation with the government was Barrick Gold Tanzania Limited, the country's largest mining company owning four of the country's nine major mines. In total Barrick Gold owns properties in Tanzania with combined proven and probable reserves of about 17.4 million ounces of gold. The government has been praised as having good mining incentives which have made the country attractive to mining companies, making it a hub of Foreign Direct Investment (FDI) on mining industry.