Mining firms dodge Sh19bn licence charges

Mwanza United Gold Mine Limited has signed a memorandum of understanding (MoU) with an Omani firm for the two companies to jointly prospect for minerals.

>While African mining firms continue to enjoy the fruits of the commodities super-cycle, weaknesses in South Africa’s crisis-hit sector is attracting the attention of bargain hunting investors.

>The government has decided to take over four private mining firms and place them under the charge of the State Mining Corporation Stamico).

Gold mining companies will now pay four per cent of their profit to the government as service levy compared to the 3 per cent they were previously paying following an amendment of the Mining Development Agreements (MDAs) it signed with mining firms in 1999.

As Tanzanians wait for the 2014/15 national budget with bated breath, a new report shows that the government loses about $248 million (Sh415 billion) annually in tax revenue through misinvoicing by mining companies alone.

Tanzanian Mining companies migrating to the Mining Act 2010 and a Lusaka revolution

Judge Mark Bomani (Bomani Commission)

This weekend Tanzanians were informed (viaThe East African- Tanzania seals new tax deal with mining firms) of the decision reached by ministry of energy and minerals and one of the giant mining company in the country, Geita Gold Mine, that new royalty rates will be applicable. The agreement includes scrapping of the 15% provision on the unredeemed capital expenditure...

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How will mining affect tourism? Tanzania gives go ahead to uranium mining in ...
eTurboNews
TANZANIA (eTN) - The Tanzanian government has agreed to allow uranium mining inside the famous Selous Game Reserve after the United Nations World Heritage Committee approved an application by the Tanzanian government to alter the boundaries of ...
Tanzania, UNDP Sign Agreement to Fight PoachingAllAfrica.com

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The annual Investing in African Mining Indaba is the world’s preferred brand and destination in African mining

The 2015 Investing in African Mining Indaba (http://www.miningindaba.com/?utm_source=APO&utm_medium=pressrelease2&utm_campaign=MI15)  taking place on 9 – 12 February 2015 in Cape Town South Africa will feature an array of globally recognised economic visionaries, mining thought leaders and some of Africa’s largest deal-makers for the approximately 7000 delegates set to arrive from...

>Speaker of the East African Legislative Assembly (Eala), Ms Margret Zziwa, was yesterday forced to adjourn the session due to the absence of members from Rwanda and Burundi which affected the quorum.