Reuters: Investors wary as Magufuli asserts more control over Tanzania mines .

[cocochanel]

Porojo tu hizo
Waseme njia zao za kuiba zimebanwaaaaaa..

 

[jack_son]

We need win win situation for both

 

[kmbwembwe]

w

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africaâ€s brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice of the pie.

Takeover bids and exploration plans have been cancelled and workers laid off. The share prices of many firms listed in Australia, Britain, South Africa and Canada with interests in Tanzania have halved as the value of their investments tumble.

The tumult follows the passage of three laws in July that, among other things, hike taxes on mineral exports, mandate a higher government stake in some mining operations and force the construction of local smelters to bring Tanzania higher up the mining food chain.

The regulations aim to stamp out what President John Magufuli, nicknamed “the Bulldozer�, has called years of corrupt practices and tax evasion that have robbed the country of revenue from a sector accounting for about four percent of GDP.

Many of the changes were first suggested by the political opposition and have proved wildly popular with voters in Tanzania, where GDP per capita is still only $880.

International investors are not happy, however, especially because the details remain unclear. Magufuli fired the minister of mining in May and he has not been replaced.

Junior explorer Manas Resources expected to complete its acquisition of the Victoria Gold Project from Cienega Sarl by early 2018, but the company told Reuters it may run out of time if there is no clarity soon.

“Because of the changes in legislation and the time being taken to implement new regulations, the sector has slowed down to a point where it is impacting exploration activities and our capacity to finalise the deal,� said Manas CEO Phil Reese.

The director of one minerals company said he is shutting his Tanzanian office because he believes the laws will make it illegal for him to recoup the cost of his many unsuccessful exploration projects against the few successful ones, and require him to share his valuable geological data with the government for free.

“There will be no nickel and gold exploration in Tanzania for the foreseeable future,� the head of another company said.

Both men asked not to be named to avoid jeopardising their relations with the government.

One mining services company said it had laid off more than 50 employees in the last 18 months.

we want a win win situation. if not the investor should pack and leave

 

[Waberoya]

Its time for international investor to assess themselves before doing business in Tanzania, new laws and political regime which we have now its hard to achieve super normal profit as they could before and if you want to do bness you need to be smart and follow procedure for now beside that, we all know what happens, as ACCaCia and prete diomond fight

May be after this regime things can be as before

I once knew that if someone writes English must be clever!! then i met with your post...!

 

[malisoka]

Hata hivyo uchumi wetu unakuwa kwa 7+% hata wakienda waende!! (hiki kiburi tulichonacho kitatuua) maskini jeuri.

 

[prooo]

Wamezoea kula vya dezo,magufuli yupo tayar hata kupata investor moja ila mwenye faida kwa nchi

 

[Al-Watan]

Damn.

Tanzania's GDP per capita is only $880?

I made twice and a half that much yesterday alone.

I thought we had reached $1500 for some reason.

I bet the true average once you remove the few ultra rich Bakhressas and Dewjis is much lower.

 

[Mbase1970]

Sawa kabisa, ukifuata sheria, mkataba na hasa ile CSR ( Corporate Social Responsibility), sioni sababu ukashindwa kuwekeza na kupata faida nzuri tu, ila ukiingia na gia za kuhonga ili mkataba uwe kinyonyaji na wakukujali wewe tu kama mwekezaji na wale raia wachache waliokusaidia basi usije, nenda Congo, Uganda au Equatorial Guinea, Tanzania tumeamka twajuwa haki zetu..

Wanammiss prof Muhongo

 

[meningitis]

Mwisho wa shamba la bibi kuvunwa hovyo hovyo umefika

 

[meningitis]

Mwisho wa shamba la bibi kuvunwa hovyo hovyo umefika

 

[chimbendenga]

Na wafungashe

 

[chimbendenga]

Na wafungashe

 

[chimbendenga]

Na wafungashe

 

[edu88]

Walizoea vya kunyonga, vya kuchinja hawaviwezi.

 

[JF Member]

Wanajifanya kuandika wasichokipenda.. Waambieni waende tu.

 

[goju]

utasikia acha waende tutachimba hata kwa sululu maana wanatuibia sana.

 

[Bandiwe]

You have to overhaul the system first as those who signed the laws are still in power in the present goverment

.....do you have those who are replaceable in power ?

 

[Lyceum]

Its time for international investor to assess themselves before doing business in Tanzania, new laws and political regime which we have now its hard to achieve super normal profit as they could before and if you want to do bness you need to be smart and follow procedure for now beside that, we all know what happens, as ACCaCia and prete diomond fight

May be after this regime things can be as before

This is stupid and un patriotic. I thought you should have advised the govrnemt instead of disposing this fucken holy shit

 

[REDEEMER.]

Damn.

Tanzania's GDP per capita is only $880?

I made twice and a half that much yesterday alone.

I thought we had reached $1500 for some reason.

I bet the true average once you remove the few ultra rich Bakhressas and Dewjis is much lower.

Unaongelea kuhusu wafanyabiashara kwenye uchumi wa Tanzania?

ME nadhani wanaongea English ni wajuzi kidogo, kwa taarifa yako ukiamka kesho asubuhi ukasikia wakulima million moja wamekufa ndio ujue uchumi wa Tanzania umeyumba.

Au ukasikia serikali imesitisha kandarasi zake za barabara na miundombinu mingine hapo ujue uchumi wa taifa umeyumba.

Hao baresa na dewji wote kwa pamoja hawachangii hata asilimia 1‰ ya uchumi wa taifa kwa taarifa yako.

 

[Al-Watan]

Unaongelea kuhusu wafanyabiashara kwenye uchumi wa Tanzania?

ME nadhani wanaongea English ni wajuzi kidogo, kwa taarifa yako ukiamka kesho asubuhi ukasikia wakulima million moja wamekufa ndio ujue uchumi wa Tanzania umeyumba.

Au ukasikia serikali imesitisha kandarasi zake za barabara na miundombinu mingine hapo ujue uchumi wa taifa umeyumba.

Hao baresa na dewji wote kwa pamoja hawachangii hata asilimia 1‰ ya uchumi wa taifa kwa taarifa yako.

Katika hesabu za average, watu wachache sana wanaopata pato kubwa la kuanzia $100,000 kwenda juu, wanaivuta average kwenda juu vibaya sana.

Mo Dewji ana $1.4 billion.

1.4 billion/ 880 = approx 1.6 million.

Mo Dewji tu ana represent GDP per capita ya watu wa Tanzania milioni 1.6.

Kwa maneno mengine, ukimtoa Mo Dewji tu. Mtu mmoja. Katika hesabu za GDP per capita ya Tanzania, itashuka vibaya sana.

Sasa ukipanga watu ishirini wafikie net worth mara kumi ya Mo Dewji unakuwa ushafikia watu milioni 16 wa kawaida Tanzania.

Hapa tunaona tatizo la income distribution pia.

Kwamba licha ya GDP per capita kuwa ndogo hiyo $880, hata hiyo ndogo nayo average imekuwa boosted sana na matajiri wachache.

Ukifanya hesabu za kweli unaweza kukuta GDP per capita halisi kwa maisha ya Mtanzania ukiondoa matajiri wachache iko as low as $500.