Technical explanation on Concentrate Ban from ACACIA Chief Operating Officer

king Davidson

JF-Expert Member
Feb 9, 2017
252
1,000
How and why do we produce gold and copper concentrates?

On Friday 3rd March, the Ministry of Energy and Minerals issued a press release stopping the export of mineral sands on the basis that companies should be investing in building smelters in Tanzania for further processing, rather than shipping this product to other countries.

The directive has been in place for two weeks now and affects Acacia at both Bulyanhulu and Buzwagi, which produce a concentrate containing gold, copper and silver. North Mara is not affected.

Our CEO, Brad Gordon was in Tanzania last week to attend urgent meetings with government officials and to try and explain the impact that this ban will have on our business even while we have further dialogue on a suitable way forward to explore smelter options for Tanzania. At this stage, the ban remains in place though we remain hopeful that there will be some positive news in the near future so that normal operations can be restored.

The export of mineral sands, or in our case, the sale of gold and copper concentrate, is an emotive subject in every country with sovereign mineral wealth. There is a view that Tanzania is losing considerable added value by not smelting and refining concentrates in country, while there is another view that companies are also stealing from Tanzania by not declaring all the metals contained in the concentrate.

These are serious issues, with serious consequences for our integrity and the sustainability and profitability of our business and the Tanzanian mining industry. For Acacia to be successful in Tanzania, we must be able to address and correct these misconceptions. Just so everyone is clear, at our mines, we generate our revenue by:

1. Producing and selling gold bars (doré) which are then refined into a more pure gold product – this accounts for 55% of revenues at Bulyanhulu, 45% of revenues at Buzwagi and 100% of revenues at North Mara


2. Producing and selling a concentrate which is smelted and refined to separate out the gold, copper and silver – this accounts for 45% of revenues at Bulyanhulu, 55% of revenues at Buzwagi and 0% of revenues at North Mara


Gold sales account for 95% of total revenues, with 70% coming from doré sales and 25% coming from gold contained within the concentrate. The remaining 5% of revenues is from copper in the concentrate and a very small amount of silver. On this basis, the company is currently losing 30% of its total revenue stream, and around 50% of the combined revenues of Bulyanhulu and Buzwagi. With the concentrate ban in place, this equates to lost revenue of more than $1 million per day (with additional revenue lost for all of the concentrate sitting in Dar es Salaam waiting for shipment for which royalties have been paid).


Addressing the issue of trust


There is a perception that we do not declare everything that is in our concentrate. This is simply not true.

The Tanzania Minerals Audit Agency (TMAA) is present at each of our mines and even has padlocks and seals on various pieces of equipment inside the gold room so that we cannot operate them without the TMAA being physically present to verify everything that we do. Every gold bar and every shipping container of concentrate is sampled so that we know the content of gold, copper and silver. Four samples are taken: one for Acacia, one for the TMAA, one for the overseas smelter and one umpire sample which is kept separate and used if there is a dispute or difference between the other samples.

Further to having the TMAA on site, when it comes time to transporting the gold bars or the concentrate, the Tanzania Revenue Authority (TRA) is also present to observe the process. Before the containers of concentrate can be loaded onto trucks, we must know the value of the gold, copper and silver in the concentrate from the samples taken, and pay the royalty to the government. When the royalty is received in the government bank accounts, the containers are sealed by the TMAA and TRA and then trucking can commence.

What is a concentrate and why do we produce it?

How we process our ore to liberate the contained precious minerals is determined by how and why these minerals were originally formed or deposited in the rocks hundreds of millions or billions of years ago. The scientific fields of geology, mining engineering and metallurgy (mineral processing) are fascinating and require an in depth understanding of the best way to find, mine and process (extract) the payable minerals.

In general terms, when gold is the only payable mineral present (i.e. >98-99% of the value), we can process the ore on the mine site and create gold bars. At both North Mara and Geita, gold is extracted using gravity techniques for the coarse, free gold and then cyanide to leach the finer disseminated gold. Gold bars are smelted at both mines.

Bulyanhulu and Buzwagi have slightly different processes, due to the rock types at the mines which host the gold (95% of the value) and other payable metals such as copper and silver (the remaining 5% of the value). Both mines are still able to extract around half of their gold using gravity and cyanide leach techniques. However we need to use more elaborate techniques to break down the sulphide rock so that the rest of the gold, copper and silver can be liberated.

Fortunately, we can concentrate the sulphides using a process called ‘flotation’ where chemicals are added to the finely ground rock, causing the ore to float and thus separate from the waste rock. The flotation processes are very effective and allow for the gold, copper and silver to be concentrated into a product with much higher values and a much smaller mass than was originally mined:

 Bulyanhulu Mine can process 1.0 million tonnes of underground ore per year and, through the flotation process, remove most of the waste rock and concentrate the minerals into approximately 25,850 tonnes of concentrate containing gold and copper. That is nearly a 40 times reduction in mass which then makes the resultant concentrate valuable enough to sell


 Buzwagi Mine can process 4.4 million tonnes of open pit ore per year which is much lower grade and, through flotation, remove most of the waste rock and concentrate the minerals into approximately 25,750 tonnes of concentrate containing gold and copper. That is nearly a 200 times reduction in mass which then makes the resultant concentrate valuable enough to sell
We can never recover 100% of the gold, silver and copper from our ore. At Bulyanhulu, our gravity, cyanide leach and flotation processes are maximised to achieve the best gold recovery whilst recovering sufficient copper to make the concentrate worthwhile for the smelters (whose primary product in copper) to even want to purchase from us.


I trust that people understand from this brief description, that it is the type of orebody that dictates the processing options that we use. In some respects, North Mara and Geita are actually lucky because they are able to do all of their processing on site and only produce gold bars. For the Bulyanhulu and Buzwagi concentrates, gold is still the most important product as the copper and silver is only 10-15% of the value of the concentrate.


Downstream Processing

It appears that one of the main concerns causing the ban on our selling concentrates for export is that we should be doing all of the downstream processing in Tanzania because otherwise the country doesn’t potentially get full benefit for its minerals. It is important to note that our gold/copper/silver concentrates are already a highly processed and beneficiated product.

Whilst the smelters do charge to process our concentrate, on average for the contract terms that we have agreed with the overseas smelters, we receive 97% of the total value of gold, silver and copper. That is because with any smelting or other chemical process, getting 100% recovery is impossible and these terms pass the risk to the overseas smelters to ensure that they can actually achieve above these recovery rates (or they will lose money). In Tanzania (if a smelter were built), the smelter operator would need to offer competitive terms, not just on price but also on recovery of the various metals, therefore their margins would depend on their own processing costs and efficiency.

There are generally two different types of downstream treatment options to extract the gold, copper and silver from the concentrate: smelting and oxidation. There are three types of oxidation process: roasting, pressure oxidation and biooxidation. The type of process used will depend on a number of variables including the types of ore, size of facility and access to cheap power.

1) Smelting: involves heating the concentrate to 1,200°C to melt the valuable metals (gold, copper and silver)

2) Roasting: essentially ‘cooking’ the concentrate at 750°C and isolating the gold, copper and silver by converting the sulphur in the sulphide minerals into sulphur dioxide gas (which then produces large volumes of sulphuric acid)

3) Pressure oxidation: an autoclave (massive oven) operating at temperatures of 190 - 225°C and high pressures of 1.9 - 3.2 MPa (many components constructed from titanium due to the aggressive conditions)

4) Bio-oxidation: use bacteria in a liquid wash at 42°C, which literally ‘eat’ the sulphide away from the contained gold, copper and silver

There is a lot more detail which can be provided to explain these various processing techniques, though in each case the copper is first separated from the gold and silver and these are treated separately to get the final metal product.

If our mines were able to build dedicated downstream processing facilities, they would be tiny compared to the large commercial smelters. Furthermore, power costs in Tanzania are high compared to other countries with developed smelting industry. When the mines were being built (Bulyanhulu in 1999-2000 and Buzwagi in 2007-2008), studies showed that it was far more cost effective to sell the concentrates to large commercial toll smelters with access to cheap power rather than build our own. We currently sell our concentrate to smelters in Germany, China and Japan.

Based on the current mine plan, Buzwagi will only produce concentrate for another 18 months, after which time, when it is processing the low grade oxide stockpiles, it will not recover any copper and all gold will recovered by gravity and cyanide leach. This will leave Bulyanhulu as the only large scale mine in Tanzania which produces a concentrate.

What do you think?

As employees of Acacia, or contractors working at the Acacia mines, or family and friends, you will no doubt wonder why there is no smelting facility for our gold, copper and silver concentrates in Tanzania.

Ultimately, if it made economic sense to do so – for the country and for the company – then such facilities would have been built. In the south of the DRC and in northern Zambia (all part of the same copper belt, where copper is the primary product), there are sufficient mines producing copper concentrate to warrant constructing large smelters and refineries in country to serve a number of mines which can share the cost. In South America, some of the copper mines – such as Chuquicamata in Chile – are so large that they do their own downstream processing (with a capacity of 855,000 tonnes per year, compared to the Bulyanhulu requirement of just 25-30,000 tonnes per year).

The TMAA conducted an independent study into the construction of a smelter for copper and gold in Tanzania which was updated in early 2011 and which concluded that it was not viable to do so. Acacia has offered to fund the Government conducting an update of this study (though we would not be involved in the study itself), to see whether the situation has changed.

It is important that we all understand more about this concentrate ban so that when it is discussed in different circles, more informed comments and discussions can be had. This issue really is affecting all of us. Please do provide feedback so that we can help to make this matter easier to understand, build trust and explain. With the current approach, we believe we are doing the best for Tanzania and Acacia, by downstream processing our gold and copper ore into a gold copper concentrate on site in Tanzania and then selling this product for smelting and refining in other countries.

Asante Sana

Mark Morcombe
Chief Operating Officer
 

utali

JF-Expert Member
Sep 25, 2013
611
500
Sio kuicheka serikali ya Tanzania, ni kubeza maamuzi yanayofanywa na baadhi ya viongozi wa serikali ya Tanzania bila kuzingatia utaalamu wa sekta husika.

Lazima ifike mahala tuwe wakweli ili mambo yaende sawa [njano iwe njano, sio nyekundu], sekta ya madini tumeharibu na zisipochukuliwa hatua za tahadhari ndio tutaharibu zaidi.

Kwenye sekta kama hii ambayo inahitaji wawekezaji zaidi wa kigeni ni lazima mashauriano yawepo ili kufikia muhafaka, muhafaka ambao utaambatana na sheria zinazokidhi mahitaji ya kimazingira, kijamii, kiufundi, kiuchumi na kuimarisha mahusiano ya kisiasa baina ya nchi wawekezaji.
Kasome na kuelewa vizuri kuhusu foreign versus local investment hasa hasa kwenye madini, faida na hasara zake. Ndio utajua nini cha kufanya kama nchi.
Sio kila mzungu ni padre!
 

Charles Mandela

Verified Member
Dec 9, 2011
545
2,000
Kasome na kuelewa vizuri kuhusu foreign versus local investment hasa hasa kwenye madini, faida na hasara zake. Ndio utajua nini cha kufanya kama nchi.
Sio kila mzungu ni padre!
Ila JamiiForums huwa mnapenda ubishi wakati mwingine, hata sehemu ambapo siyo lazima. Nikasome wapi, wakati kila kitu kipo kwenye maandishi.

Kila kitu kilishaelezewa humu, bahati mbaya kuna baadhi ya nukuu zilifutwa.

Lakini mapendekezo ya serikali kupitia wizara ya Madini yalishatolewa kuhusu migodi ya dhahabu ya Buzwagi na Bulyanhulu. Serikali ya Tanzania ikapata asilimia 16 na BarrickGold walipata asilimia 84, yaani ubia. Hii ikiwa ni ongezeko kutoka asilimia 4 kwa awamu iliyopita [ yaani 2005 - 2015 ] mpaka asilimia 16 kipindi hiki cha rais Magufuli.

Vile vile inakupasa kufahamu kuwa - makubaliano yaliyohafikiwa kati ya serikali ya Tanzania na BarrickGold yalikuwa ni mapendekezo ya serikali ya Tanzania kuhusu migodi ya Buzwagi na Bulyanhulu pekee yake, siyo sheria ya madini kama watu wengi wanavyodhani ndio maana haikupitishwa bungeni.

Kwa hiyo, migodi ya dhahabu kama GGM na Shanta Gold haikuathiriwa na haya mapendekezo mapya ya sheria za madini ndio maana serikali ya Tanzania inaendelea kutumia sheria ya Madini ya mwaka 2010 na mapendekezo madogo madogo ya sheria ya mwaka 2012 [ latest Mining Act of 2010 ], siyo haya mapendekezo ya sheria ya Profesa Kabudi.

Na kuhusu "foreign investors" na "local investors" yaani muwekezaji wa nje na muwekezaji wa ndani kila kitu kipo wazi na kimeainishwa kwenye nyaraka za serikali, ukienda wizarani au STAMICO utazikuta.

Aina ya wawekezaji hawa wawili wametofautiana kwenye nguvu ya mtaji yaani [ capital funds ] na aina ya uchimbaji yaani [ mining methods ].

Kwa upande wa wawekezaji wa ndani yaani [ local investors ] unatakiwa uwe na mtaji [ capital funds ] wowote wa kukidhi mahitaji ya shughuli ya uchimbaji yaani [ utafutaji wa madini, uchimbaji wa madini, uchenjuaji wa madini na vifaa vitakavyofanikisha shughuli hizo kama baruti za ulipuaji ]. Lakini kwa upande wa wawekezaji wa nje yaani [ foreign investors ] unatakiwa uwe na mtaji [ capital funds ] ya kuanzia USD 1 million [ hii ilikuwa ni mwaka 2016, sijui kwa sasa ] ili kukidhi mahitaji ya shughuli ya uchimbaji yaani [ utafutaji wa madini, uchimbaji wa madini, uchenjuaji wa madini na vifaa vitakavyofanikisha shughuli hizo kama baruti za ulipuaji ].

Na kwa upande wa aina ya uchimbaji [ mining methods ], muwekezaji wa ndani [ local investors ] anaruhisiwa kufanya aina yoyote ya uchimbaji wa madini yaani uchimbaji mdogo [ small scale ], uchimbaji wa kati [ medium scale ] na uchimbaji mkubwa [ large scale ] lakini kwa muwekezaji wa nje [ foreign investors ] hali ni tofauti kidogo kwani wao wanaruhusiwa uchimbaji mkubwa [ large scale ] tu.

Kama wewe ni mdau wa sekta ya Madini utakumbuka mwaka 2015 - 2016, kampuni ya wawekezaji kutoka nje ya nchi - Sunshine ya Chunya, Mbeya ilifungiwa baada ya kuendesha shughuli za uchimbaji wa kati [ medium scale ] wakati wao ni wawekezaji wa nje yaani [ foreign investors ].

Kwa hiyo faida na hasara kwa upande wa uwekezaji wa ndani [ local investment ] na uwekezaji wa nje [ foreign investment ] unaweza kuona kuwa unafaidisha wawekezaji wa ndani [ local investors ] ikiwa kanuni na taratibu za utunzaji mazingira zimezingatiwa.
 

Charles Mandela

Verified Member
Dec 9, 2011
545
2,000
Very informative and timely efficient admistered sanitising Bongo Hip Hop video from Fid Q - "I AM A PROFESSIONAL"
 

Charles Mandela

Verified Member
Dec 9, 2011
545
2,000
Hoja zako zote ni kutetea Ujinga ambao hautakusaidia hata kuteuliwa kuwa DC wewe unatumika tu wala huna uelewa wowote na unatetea usichokijua maana umejifanya Msukule kwa kukataa kuelewa.
Sasa siku nyingine usidharau usiyemjua! Au kaulize waliokutangulia pengine hufahamu hata historia yako.
 

Geza Ulole

JF-Expert Member
Oct 31, 2009
28,938
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How and why do we produce gold and copper concentrates?

On Friday 3rd March, the Ministry of Energy and Minerals issued a press release stopping the export of mineral sands on the basis that companies should be investing in building smelters in Tanzania for further processing, rather than shipping this product to other countries.

The directive has been in place for two weeks now and affects Acacia at both Bulyanhulu and Buzwagi, which produce a concentrate containing gold, copper and silver. North Mara is not affected.

Our CEO, Brad Gordon was in Tanzania last week to attend urgent meetings with government officials and to try and explain the impact that this ban will have on our business even while we have further dialogue on a suitable way forward to explore smelter options for Tanzania. At this stage, the ban remains in place though we remain hopeful that there will be some positive news in the near future so that normal operations can be restored.

The export of mineral sands, or in our case, the sale of gold and copper concentrate, is an emotive subject in every country with sovereign mineral wealth. There is a view that Tanzania is losing considerable added value by not smelting and refining concentrates in country, while there is another view that companies are also stealing from Tanzania by not declaring all the metals contained in the concentrate.

These are serious issues, with serious consequences for our integrity and the sustainability and profitability of our business and the Tanzanian mining industry. For Acacia to be successful in Tanzania, we must be able to address and correct these misconceptions. Just so everyone is clear, at our mines, we generate our revenue by:

1. Producing and selling gold bars (doré) which are then refined into a more pure gold product – this accounts for 55% of revenues at Bulyanhulu, 45% of revenues at Buzwagi and 100% of revenues at North Mara


2. Producing and selling a concentrate which is smelted and refined to separate out the gold, copper and silver – this accounts for 45% of revenues at Bulyanhulu, 55% of revenues at Buzwagi and 0% of revenues at North Mara


Gold sales account for 95% of total revenues, with 70% coming from doré sales and 25% coming from gold contained within the concentrate. The remaining 5% of revenues is from copper in the concentrate and a very small amount of silver. On this basis, the company is currently losing 30% of its total revenue stream, and around 50% of the combined revenues of Bulyanhulu and Buzwagi. With the concentrate ban in place, this equates to lost revenue of more than $1 million per day (with additional revenue lost for all of the concentrate sitting in Dar es Salaam waiting for shipment for which royalties have been paid).


Addressing the issue of trust

There is a perception that we do not declare everything that is in our concentrate. This is simply not true.

The Tanzania Minerals Audit Agency (TMAA) is present at each of our mines and even has padlocks and seals on various pieces of equipment inside the gold room so that we cannot operate them without the TMAA being physically present to verify everything that we do. Every gold bar and every shipping container of concentrate is sampled so that we know the content of gold, copper and silver. Four samples are taken: one for Acacia, one for the TMAA, one for the overseas smelter and one umpire sample which is kept separate and used if there is a dispute or difference between the other samples.

Further to having the TMAA on site, when it comes time to transporting the gold bars or the concentrate, the Tanzania Revenue Authority (TRA) is also present to observe the process. Before the containers of concentrate can be loaded onto trucks, we must know the value of the gold, copper and silver in the concentrate from the samples taken, and pay the royalty to the government. When the royalty is received in the government bank accounts, the containers are sealed by the TMAA and TRA and then trucking can commence.

What is a concentrate and why do we produce it?

How we process our ore to liberate the contained precious minerals is determined by how and why these minerals were originally formed or deposited in the rocks hundreds of millions or billions of years ago. The scientific fields of geology, mining engineering and metallurgy (mineral processing) are fascinating and require an in depth understanding of the best way to find, mine and process (extract) the payable minerals.

In general terms, when gold is the only payable mineral present (i.e. >98-99% of the value), we can process the ore on the mine site and create gold bars. At both North Mara and Geita, gold is extracted using gravity techniques for the coarse, free gold and then cyanide to leach the finer disseminated gold. Gold bars are smelted at both mines.

Bulyanhulu and Buzwagi have slightly different processes, due to the rock types at the mines which host the gold (95% of the value) and other payable metals such as copper and silver (the remaining 5% of the value). Both mines are still able to extract around half of their gold using gravity and cyanide leach techniques. However we need to use more elaborate techniques to break down the sulphide rock so that the rest of the gold, copper and silver can be liberated.

Fortunately, we can concentrate the sulphides using a process called ‘flotation’ where chemicals are added to the finely ground rock, causing the ore to float and thus separate from the waste rock. The flotation processes are very effective and allow for the gold, copper and silver to be concentrated into a product with much higher values and a much smaller mass than was originally mined:

 Bulyanhulu Mine can process 1.0 million tonnes of underground ore per year and, through the flotation process, remove most of the waste rock and concentrate the minerals into approximately 25,850 tonnes of concentrate containing gold and copper. That is nearly a 40 times reduction in mass which then makes the resultant concentrate valuable enough to sell


 Buzwagi Mine can process 4.4 million tonnes of open pit ore per year which is much lower grade and, through flotation, remove most of the waste rock and concentrate the minerals into approximately 25,750 tonnes of concentrate containing gold and copper. That is nearly a 200 times reduction in mass which then makes the resultant concentrate valuable enough to sell
We can never recover 100% of the gold, silver and copper from our ore. At Bulyanhulu, our gravity, cyanide leach and flotation processes are maximised to achieve the best gold recovery whilst recovering sufficient copper to make the concentrate worthwhile for the smelters (whose primary product in copper) to even want to purchase from us.


I trust that people understand from this brief description, that it is the type of orebody that dictates the processing options that we use. In some respects, North Mara and Geita are actually lucky because they are able to do all of their processing on site and only produce gold bars. For the Bulyanhulu and Buzwagi concentrates, gold is still the most important product as the copper and silver is only 10-15% of the value of the concentrate.


Downstream Processing

It appears that one of the main concerns causing the ban on our selling concentrates for export is that we should be doing all of the downstream processing in Tanzania because otherwise the country doesn’t potentially get full benefit for its minerals. It is important to note that our gold/copper/silver concentrates are already a highly processed and beneficiated product.

Whilst the smelters do charge to process our concentrate, on average for the contract terms that we have agreed with the overseas smelters, we receive 97% of the total value of gold, silver and copper. That is because with any smelting or other chemical process, getting 100% recovery is impossible and these terms pass the risk to the overseas smelters to ensure that they can actually achieve above these recovery rates (or they will lose money). In Tanzania (if a smelter were built), the smelter operator would need to offer competitive terms, not just on price but also on recovery of the various metals, therefore their margins would depend on their own processing costs and efficiency.

There are generally two different types of downstream treatment options to extract the gold, copper and silver from the concentrate: smelting and oxidation. There are three types of oxidation process: roasting, pressure oxidation and biooxidation. The type of process used will depend on a number of variables including the types of ore, size of facility and access to cheap power.

1) Smelting: involves heating the concentrate to 1,200°C to melt the valuable metals (gold, copper and silver)

2) Roasting: essentially ‘cooking’ the concentrate at 750°C and isolating the gold, copper and silver by converting the sulphur in the sulphide minerals into sulphur dioxide gas (which then produces large volumes of sulphuric acid)

3) Pressure oxidation: an autoclave (massive oven) operating at temperatures of 190 - 225°C and high pressures of 1.9 - 3.2 MPa (many components constructed from titanium due to the aggressive conditions)

4) Bio-oxidation: use bacteria in a liquid wash at 42°C, which literally ‘eat’ the sulphide away from the contained gold, copper and silver

There is a lot more detail which can be provided to explain these various processing techniques, though in each case the copper is first separated from the gold and silver and these are treated separately to get the final metal product.

If our mines were able to build dedicated downstream processing facilities, they would be tiny compared to the large commercial smelters. Furthermore, power costs in Tanzania are high compared to other countries with developed smelting industry. When the mines were being built (Bulyanhulu in 1999-2000 and Buzwagi in 2007-2008), studies showed that it was far more cost effective to sell the concentrates to large commercial toll smelters with access to cheap power rather than build our own. We currently sell our concentrate to smelters in Germany, China and Japan.

Based on the current mine plan, Buzwagi will only produce concentrate for another 18 months, after which time, when it is processing the low grade oxide stockpiles, it will not recover any copper and all gold will recovered by gravity and cyanide leach. This will leave Bulyanhulu as the only large scale mine in Tanzania which produces a concentrate.

What do you think?

As employees of Acacia, or contractors working at the Acacia mines, or family and friends, you will no doubt wonder why there is no smelting facility for our gold, copper and silver concentrates in Tanzania.

Ultimately, if it made economic sense to do so – for the country and for the company – then such facilities would have been built. In the south of the DRC and in northern Zambia (all part of the same copper belt, where copper is the primary product), there are sufficient mines producing copper concentrate to warrant constructing large smelters and refineries in country to serve a number of mines which can share the cost. In South America, some of the copper mines – such as Chuquicamata in Chile – are so large that they do their own downstream processing (with a capacity of 855,000 tonnes per year, compared to the Bulyanhulu requirement of just 25-30,000 tonnes per year).

The TMAA conducted an independent study into the construction of a smelter for copper and gold in Tanzania which was updated in early 2011 and which concluded that it was not viable to do so. Acacia has offered to fund the Government conducting an update of this study (though we would not be involved in the study itself), to see whether the situation has changed.

It is important that we all understand more about this concentrate ban so that when it is discussed in different circles, more informed comments and discussions can be had. This issue really is affecting all of us. Please do provide feedback so that we can help to make this matter easier to understand, build trust and explain. With the current approach, we believe we are doing the best for Tanzania and Acacia, by downstream processing our gold and copper ore into a gold copper concentrate on site in Tanzania and then selling this product for smelting and refining in other countries.

Asante Sana

Mark Morcombe
Chief Operating Officer
Mwanza Precious metels refinery U/C







Gold refinery completion, exports set for September
ippmedia.com/en/news/gold-refinery-completion-exports-set-september

May 14, 2020

14May 2020
By Guardian Reporter
Mwanza
News
The Guardian
Gold refinery completion, exports set for September
TANZANIA will start exporting refined gold within the next four months after the completion of the refinery plant in Mwanza.


Stanslaus Nyongo, the Deputy Minister for Minerals.
Stanslaus Nyongo, the Deputy Minister for Minerals, revealed this yesterday after visiting the refinery project site in Mwanza.

He said that construction of the plant began two months ago and is currently around 40 percent complete. Its completion will settle the long standing legal issue surrounding non-exporting raw minerals, he stated.

Speaking on amendments to the 2017 Mining Act, Nyongo said the completion of the refinery will go in tandem with the rule that requires traders in minerals not to export raw minerals as all minerals will be refined in the country to increase their value. They are expected to fetch good prices in the world market, he said.

Nyongo said he was pleased with supervision by the State Mining Corporation (STAMICO) of work on the refinery project, elaborating that he would be making regular visits at the site to ensure it is inaugurated on time.

STAMICO Managing Director, Dr Venance Mwasse, said completion of the project will go in tandem with enabling small miners in gold refining in their areas.

Assistance to be accorded to small miners will assist the refinery getting enough raw materials as it expects to refine 480 kgs of gold per day that will have a purity of 999.99 which is at par with the highest purity levels worldwide.

Dr Mwasse said he and team feel proud to oversee the government’s aim in attaining industrial economy level and that STAMICO is contributing towards that goal in deeds.

The project contractor, Libaan Yasir of Aqe Associates Ltd, said the project was slated to be completed by December last year but resource mobilization pushes the work to be ready come September this year.

In 2017, President John Magufuli banned export of raw, citing the fact that the government was losing much deserved revenue due to poor follow-up on amounts and value of minerals recovered from the sands.

President Magufuli underscored the need to invest in smelters in Tanzania instead of exporting gold sands to recover minerals. He said among all countries blessed with large amounts of minerals, only Tanzania shipped its valuable sands abroad.

Tanzania is Africa’s fourth-biggest gold producer after South Africa, Ghana and Mali.

The government collected 301bn/- in mining revenue in the 2017/2018 fiscal year, a figure that rose to 310bn/- in 2018/2019. Existing plans projected collecting 470bn/- in the 2019/2020 financial year.





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