tanzania mining industry news

  • Mining Tanzania Daily News, Dar es Salaam allAfrica

    January 16. Tanzania: ACACIA Gold Production Down in Quarter 4. ACACIA Mining has posted 30 per cent decrease in quarter four gold production as it continues to support the efforts towards achieving resolution with the government. Read more ».

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  • Investors wary as Tanzania moves to assert more control over mines

    Sep 24, 2017 . NAIROBI/LONDON (Reuters) New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice of the pie. Tanzanian.

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  • Mining in Tanzania CountryMine InfoMine

    Complete mining information for Tanzania Tanzania mining news, Tanzania mining jobs, Tanzania mines, companies, stocks, suppliers, equipment and more.

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  • Tanzania has hit Acacia mining with a $190 billion fine and tax bill .

    Jul 25, 2017 . The $190 billion fine represents round 40 times Acacia's total revenue last year, nearly two centuries worth of revenue or four times the size of Tanzania's GDP. In comparison, the mining sector contributed just 4% of Tanzania's GDP in 2015. Acacia's stock price has seen a slow slide since the audit report.

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  • Tanzania has seized $15 million of diamonds from Petra Diamonds .

    Sep 12, 2017 . A British mining company has become the latest casualty of Tanzanian president John Magufuli's nationalist drive to take on what he believes is corruption and international exploitation of its mining industry. Late last month (Aug. 31), Tanzanian authorities seized $15 million worth of diamonds at Dar es.

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  • Tanzania's Mining Regulations Hit Gold Stocks . Investing News .

    Sep 25, 2017 . New mining regulations in Tanzania have put gold companies under pressure and slowed investment in the country. Earlier this year, President John Magufuli introduced reforms to increase transparency and ensure that the nation benefits from its resources. Since then, mining companies have laid off.

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  • Acacia Mining

    Acacia Unearthing Africa's Potential.

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  • Africa in the news: Mining initiatives in DRC and Tanzania, cholera .

    Jan 12, 2018 . Cobalt is increasingly used in batteries metals for electric vehicles produced by companies such as Tesla Inc. Its price has more than doubled in the past 2 years. The DRC supplies two thirds of global cobalt output, and the potential tax rate hike is severely opposed by the mining industry, as it may deter.

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  • Mining industry of Tanzania Wikipedia

    Tanzania is a land rich in minerals. Mining makes up more than 50% of the country's total exports, of which a large part comes from gold. The country has gold reserves of 45 million ounces, generating revenue of over a billion USD. Diamonds are also found in significant amounts. Since it was opened in 1940, the.

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  • Topic Tanzania Mining Weekly

    By: Reuters 21st February 2018 Foreign owned banks, insurance companies and law firms could be locked out of Tanzania's mining sector as part of tough new regulations that aim to limit foreign ownership of mining related activity. Africa's fourth largest gold producer is seeking to take more of the profits from its vast. .

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  • Mining in Tanzania CountryMine InfoMine

    Complete mining information for Tanzania Tanzania mining news, Tanzania mining jobs, Tanzania mines, companies, stocks, suppliers, equipment and more.

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  • Mining Tanzania Daily News, Dar es Salaam allAfrica

    January 16. Tanzania: ACACIA Gold Production Down in Quarter 4. ACACIA Mining has posted 30 per cent decrease in quarter four gold production as it continues to support the efforts towards achieving resolution with the government. Read more ».

    Get Price
  • Tanzania Mining TanzaniaInvest

    Mining in Tanzania includes metals (gold, iron ore, nickel, copper, cobalt, silver), industrial minerals (diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate, gravel, sand, dimension stones and lately graphite), and fuel minerals (coal, uranium). Mining and quarrying activities in Tanzania contributed.

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  • Tanzania struggles to profit from unique mining treasure BBC News

    The opening up of Tanzania's economy over the past decade has enabled the country to move up the rankings and become the fourth largest producer of gold on the continent. The country is also set to exploit uranium and coal. However, the mining industry has suffered a few setbacks caused by heavy taxation, contracts.

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  • Tanzania . Extractive Industries Transparency Initiative

    Tanzania is predominantly a mining country with both small and large scale operations dominated by nine major mines: seven for gold and one each for diamonds and tanzanite. The government joined the EITI as part of a wider reform efforts to make the sector more competitive and maximise the benefits from mining.

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  • Tanzania Demands More from Mining Companies VOA News

    Sep 13, 2017 . Tanzania's government has been cracking down on irregularities in the mining sector, most recently confiscating diamonds worth $15 million from British company Petra Diamonds, accusing it of devaluing exports. And in July, the government demanded gold miner Acacia pay $190 billion in what it asserted.

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  • Africa in the news: Mining initiatives in DRC and Tanzania, cholera .

    Jan 12, 2018 . Cobalt is increasingly used in batteries metals for electric vehicles produced by companies such as Tesla Inc. Its price has more than doubled in the past 2 years. The DRC supplies two thirds of global cobalt output, and the potential tax rate hike is severely opposed by the mining industry, as it may deter.

    Get Price
  • Tanzania Demands More from Mining Companies VOA News

    Sep 13, 2017 . Tanzania's government has been cracking down on irregularities in the mining sector, most recently confiscating diamonds worth $15 million from British company Petra Diamonds, accusing it of devaluing exports. And in July, the government demanded gold miner Acacia pay $190 billion in what it asserted.

    Get Price
  • A Year in Mining: Stability, Digitalisation and Opposition Mining .

    Jan 17, 2018 . This year, the international mining industry experienced growth in key commodities, including coal, copper and iron ore, with slight increases in prices, as well .. Barrick Gold, for instance, will give Tanzania a 16% stake in three gold mines, a 50% share in revenues from the mines and a one off payment of.

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  • Topic Tanzania Mining Weekly

    By: Reuters 21st February 2018 Foreign owned banks, insurance companies and law firms could be locked out of Tanzania's mining sector as part of tough new regulations that aim to limit foreign ownership of mining related activity. Africa's fourth largest gold producer is seeking to take more of the profits from its vast. .

    Get Price
  • Tanzania Mining TanzaniaInvest

    Mining in Tanzania includes metals (gold, iron ore, nickel, copper, cobalt, silver), industrial minerals (diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate, gravel, sand, dimension stones and lately graphite), and fuel minerals (coal, uranium). Mining and quarrying activities in Tanzania contributed.

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  • Tanzania lays down the law on local participation in mining sector

    Feb 7, 2018 . The mining industry in Tanzania is adopting a wait and see approach following the government's sweeping changes to mining regulations, aimed, in part, at ensuring sovereign ownership of the country's natural resources. Over the past 12 to 18 months and as recently as early January 2018 there has.

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  • Tanzania threatens to close down all gold mines BusinessLIVE

    Jul 21, 2017 . Dar Es Salaam Tanzania's President John Magufuli has threatened to close down all gold mines in the country if mining companies delay talks with his government aimed at resolving allegations . It follows news of the interrogation of Acacia executives, and expulsion of the company's foreign workers.

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  • Tanzania's Mining Regulations Hit Gold Stocks . Investing News .

    Sep 25, 2017 . New mining regulations in Tanzania have put gold companies under pressure and slowed investment in the country. Earlier this year, President John Magufuli introduced reforms to increase transparency and ensure that the nation benefits from its resources. Since then, mining companies have laid off.

    Get Price
  • Tanzania steps up pressure on mining sector . Africa . DW . 12.09 .

    Sep 12, 2017 . The Tanzanian government is coming down hard on the country's extractive industries. President John Magufuli wants them to pay higher fees and help build a processing industry for Tanzania's mineral resources.

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  • Investors wary as Tanzania moves to assert more control over mines

    Sep 24, 2017 . NAIROBI/LONDON (Reuters) New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice of the pie. Tanzanian.

    Get Price
  • Tanzania Mining News and Commentary . MINING

    Tanzania mining news. Explore related Tanzania articles for more information on the Tanzania mining industry.

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  • Tanzania Mining News and Commentary . MINING

    Tanzania mining news. Explore related Tanzania articles for more information on the Tanzania mining industry.

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  • Acacia Mining

    Acacia Unearthing Africa's Potential.

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  • Gold mining firm slapped with tax bill 190 times its annual revenue .

    Jul 25, 2017 . Tanzanian President John Magufuli, who is nicknamed "the Bulldozer," has sought to force mining firms to pay more in taxes. Earlier this month, the government approved new rules that required mining companies to pay higher royalty fees and imposed a new clearing fee on exports. Magufuli has.

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