Mining and oil and gas reforms, a comparison between Kenya and Tanzania

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Dangote cement Mtwara

 

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OreCorp marks milestone in Tanzania​

3RD JUNE 2021

BY: ESMARIE IANNUCCI
CREAMER MEDIA SENIOR DEPUTY EDITOR: AUSTRALASIA
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PERTH (miningweekly.com) – The special mining licence application for the Nyanzaga gold project has been approved by the Tanzanian Cabinet of Ministers, ASX-listed OreCorp reported.

The project is expected to produce some 213 000 oz/y over a mine life of 12 years, with OreCorp expected to invest some $287-million to bring the project into production.

The company on Thursday said that it was now working with the government of Tanzania to finalise a framework agreement, shareholder agreement and other accompanying documents required in connection with the grant of the special mining licence application.

The company noted that the Cabinet approval for the special mining licence was a pivotal milestone towards the development of the Nyanzaga gold project.

OreCorp marks milestone in Tanzania

The special mining license application for the Nyanzaga gold project has been approved by the Tanzanian Cabinet of Ministers, ASX-listed OreCorp reported. The project is expected to produce some 213 000 oz/y over a mine life of 12 years, with OreCorp expected to invest some $287-million to...

www.miningweekly.com

 

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Fast News​

Tanzania may start building $30bn LNG project in 2023​

Following the resumption of talks with companies including Equinor ASA.
By Fumbuka Ng'Wanakilala, Bloomberg 4 Jun 2021 07:50

Image: Bloomberg Creative Photos/Bloomberg

Tanzania plans to begin the construction of a delayed $30 billion liquefied natural gas project in 2023, following the resumption of talks with companies including Equinor ASA.

Construction is expected to take about five years, Energy Minister Medard Kalemani told lawmakers on Thursday.


The project gained momentum after President Samia Suluhu Hassan took office in March, and directed her administration to fast-track delayed investments. Plans for an LNG plant on Tanzania’s southern coast and a pipeline connecting offshore fields have been under consideration since 2014. Talks, however, stalled for more than a year under Hassan’s predecessor John Magufuli.

The announcement on construction of the project comes months after Total SE suspended work on a similar plan in neighbouring Mozambique following insurgent attacks. Tanzania’s project, which has lagged Mozambique, is set to benefit from Hassan’s push to boost investment and accelerate economic growth in a nation where policy uncertainty had stifled business.

Talks resume​

Hassan ordered the resumption of negotiations with the companies in May, about four months after Equinor’s decision to take a $982 million impairment on the project following failure to settle fiscal and commercial terms with Tanzania.

“We expect to conclude negotiations for a host government agreement and review production sharing agreements” by the end of June 2022, Kalemani said. The government has finalized compensation procedures with more than 600 residents of the southern Tanzanian town of Lindi to pave way for the project, he said.

Tanzania and the companies are discussing a proposed two-train onshore LNG plant to export gas from the East African nation. Other project partners include Royal Dutch Shell Plc, Exxon Mobil Corp., Sophi Energy Ltd. and Pavilion Energy Pte Ltd.

Separately, the government is building a pipeline network to connect and distribute gas to more than 10 000 homes and factories, mostly in the commercial hub of Dar es Salaam, Kalemani said.

Tanzania and Mozambique have for more than a decade been sub-Saharan Africa’s foremost gas frontier-investment destinations after explorers found more than 100 trillion cubic feet of the resources in their territories. Mozambique’s projects, with companies including Total, Eni SpA and Exxon Mobil and a projected investment of at least $60 billion, are threatened by an insurgency in the nation’s gas-rich regions.

© 2021 Bloomberg

Tanzania may start building $30bn LNG project in 2023

Following the resumption of talks with companies including Equinor ASA.

www.moneyweb.co.za

 

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[Babaguy]

Geza ulale. Uliharisha kenya ita nyankua arithi eti ndaganyi ass. Awamu ya mama kaburi ya magufuli itakuwa ni deni

 

[komora096]

Mashamba tu yamewashinda itakua migodi. Vijana kumiliki ardhi Nairobi ni ndoto za alinacha. Ardhi yenye rutuba inawanufaisha wachache wanaolima mazao ya biashara (maua ya kuwapelekea wazungu) wengi wana kwama kwenye njaa na ufukara. Hiki kilicho fanywa na Magufuli, Uhuru ata apewe awamu 5 hawezi fanya.

Kwhyo unapangia watu sehemu ya kumiliki ardhi
Alafu niletee sehemu western au nyanza kumepandwa maua, manake hko ndiko kwnye ardhi iko vizuri kw kenya tena yenye rutuba..
Endelea kuokoteza kila unachokutana nacho kikaoni na kukileta huku tu, pole kw kukuumbua lkn

 

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[Babaguy]

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AFDB agrees loans for Malagarasi hydropower plant, Tanzania​

8 June 2021


The African Development Bank Group (AFDB) has agreed to loan $140 million to the Government of Tanzania to finance the construction of the 50MW Malagarasi hydropower plant in Western Tanzania.

The funds will be used to construct the plant and an evacuation transmission line, as well as to add 4250 rural electrification connections, providing reliable renewable energy to households, schools, clinics and small and medium-sized enterprises in the Kigoma Region.

The project is one of Tanzania’s priorities under its Second Five-Year Development Plan and will also advance the objectives of the country’s Vision 2025. It also aligns with two of the Bank’s High Five strategic priorities, namely, Light up and Power Africa and Improve the quality of life for the people of Africa.

“The signing of the loan agreements is another testimony of our joint commitment to working together to support Tanzania’s development aspirations.,” commented Nnenna Nwabufo, Director General of the Bank Group’s East Africa Regional Development and Business Delivery Office. “Malagarasi Hydropower is one of the flagship projects in Tanzania’s Second Five-Year Plan. We appreciate the trust the Government has put in the African Development Bank and we are committed to remaining a privileged and trusted partner of choice.”

“I would like to re-affirm the government’s commitment to working closely with the Bank in efforts to realize our national and international development aspirations,” added Emmanuel M. Tutuba, Permanent Secretary at the Tanzania Ministry of Finance and Planning. “The government will take all necessary measures to ensure successful implementation of this project as planned.”

The loan is split into a $120 million sovereign loan from the Bank and $20 million from the Africa Growing Together Fund (AGTF), which is administered by the Bank.

AFDB agrees loans for Malagarasi hydropower plant, Tanzania - International Water Power

 

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