Stamico to take charge of four mining firms

After a series of unquestionably negative reports regarding the mining sector in Tanzania over the last 15 years or so, two somewhat positive developments were reported by two Dar-based newspapers on their front page - and on the same date: Sept. 1 this year!

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.

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.

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.

More than 400 mining companies dodged to pay $10.2 million (Sh19 billion) prospecting licence fees for two years.

Fitbit Charge 4 launches as a pricey, minor upgrade from the Charge 3  Android PoliceFitbit Charge 4: new Fitbit looks like its best yet, but is its launch timing a disaster?  T39 Of The Best Fitness Trackers For Every Lifestyle And Fitness Need  ForbesAmazon has a whole bunch of Fitbit devices on sale at generous discounts  PhoneArenaNew Fitbit Charge 4 fitness tracker adds GPS but keeps the same design  CNETView Full coverage on Google News

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...

eTurboNews
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

all 3