Market News
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Kibo unaffected by Tanzania mining legislation changes
Posted on :Tuesday , 18th July 2017
JOHANNESBURG (miningweekly.com) – Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment.
Reuters reported that Tanzania’s Parliament had passed two laws allowi. . .Acacia accepts 50% lift in royalty as Tanzania turns the screw
Posted on :Tuesday , 18th July 2017
ACACIA Mining will comply with part of newly enacted legislation in Tanzania which increases revenue-based royalties to 6% from the previous levy of 4%.
The UK-listed gold producer said in an announcement today that the decision to pay the higher royalty, which is applicable on gold, copper and silver exports, was to “minimise further disruptions to our . . .Tanzania: Magufuli's Mining Reforms Are a Masterclass in Political Manoeuvring
Posted on :Tuesday , 18th July 2017
Whether his moves in the mining sector work or not, President Magufuli knows what he is doing.
Ever since his election in 2015, Tanzania's President John Magufuli has been a subject of public fascination. At first, his war on graft promised to cleanse the state of corruption, while his patriotic thrift inspired the hashtag #WhatWouldMagufuliDo?&nb. . .Please Select an Option
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