Africa Mining: Tanzania suspends granting of new mining licences

President John Magufuli

Tanzania President John Magufuli

It has also frozen the renewal of expired permits.

Tanzanian President John Magufuli has ordered the suspension of new mining licences until further notice, further complicating an already bitter dispute between the government and miners operating in the country. Continue reading

Africa Extractive Industry: Tanzania passes laws on renegotiation of mining and gas contracts

President John Magufuli

Tanzania President John Magufuli

Tanzania’s parliament passed two laws on Monday allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. Continue reading

Africa Mining: Barrick’s Acacia Mining gets involved in Tanzania dispute

Acacia in Tanzania

Keeping the lights on, for now: Operations at Bulyanhulu could be suspended as the export ban in Tanzania bites

Barrick Gold (CN:ABX) chairman John Thornton met with Tanzanian president John Magufuli on Wednesday to discuss the issues surrounding Acacia Mining (LN:ACA) however the outcome of the meeting is unclear, the Mining Journal reports. Continue reading

Africa Mining: Tanzanian Mining Minister Fired

Sospeter-Muhongo1

Sospeter-Muhongo, Former Tanzania’s Energy and Minerals Minister

Tanzania’s president fired the mining minister and the chief of the State-run mineral audit agency on Wednesday, after receiving a report into whether mining companies were under-declaring the value of their exports.

President John Magufuli’s decision, announced in a speech, signals an escalation of tensions between the government and the industry, which has denied engaging in tax evasion.

Mining accounts for about 4% of Tanzania’s gross domestic product.(source: Miningweekly)