Monday, June 12, 2017

Acacia disappointed by the findings of the second presidential committee

 

By Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Dar es Salaam. Acacia Gold Mining PLC has said Monday it was disappointed by allegations given by the second presidential committee that it had under-declared revenues and tax payments since it started operations in 1998 by tens of billions of US dollars.

The second committee chaired by Prof Nehemiah Osoro from the University of Dar es Salaam and which was tasked to look the historical economic and legal aspects of the export of metallic mineral concentrates also said Acacia Mining was selling the concentrates to third parties before exporting them outside the country contrary to its reports that it was exporting the concentrates to smelting.

“The concentrates are usually sold to third parties, who are business partners of Acacia, so much so that by the time they leave the mining sites they are no longer property of Acacia,” Prof Osoro said.

But Acacia Minig PLC said in its statement published in its website that Prof Osoro’s findings were wrong.

“The committee based its findings on samples from 44 containers.  Based on more than 20 years of data available to us it is impossible to reconcile those findings and they grossly overstate the value of the concentrates by more than 10 times,” read the statement in part.

Prof Osoro’s committee made series of recommendations, which include the payment of outstanding taxes and royalties, re-negotiation of large-scale Mineral Development Agreements, Government ownership in the mines and the continuation of the export ban.

However, Acacia strongly refuted, what they termed as ‘new unfounded accusations’.

“We have always conducted our business to the highest standards and operated in full compliance with Tanzanian law. We re-iterate that we have declared everything of commercial value that we have produced since we started operating in Tanzania and have paid all appropriate royalties and taxes on all of the payable minerals that we produce,” read the statement.

Acacia insisted its partnership with the government must be based on fairness for all stakeholders, including the 96 per cent of the company’s employees in the company’s mines in the country.

According to the statement Acacia has funded US$4 billion of investment in the country as of to date.

The statement, however, insisted that Acacia remains open to further dialogue with the Government regarding the issue.

 

 

 

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Monday, June 12, 2017

Mining giant Acacia accused of operating in Tanzania illegally



Prof Nehemia Osoro

Prof Nehemia Osoro 

By Citizen Reporter @TheCitizenTz news@tz.nationmedia.com

Dar es Salaam. Acacia mining company has been accused of operating in Tanzania illegally.

A special committee appointed by President John Magufuli to look into mining contracts and their economic impact reported that Acacia Gold Mining PLC who owns Bulyanhulu, North Mara, Buzwagi and Pangea gold mines was not licensed to operate in Tanzania.

Prof Nehemia Osoro who led the team in the investigation revealed the mining giant was not in the records of the Business Registration and Licensing Agency (Brela). The team presented its report on Monday morning before the President at the State House in Dar es Salaam.

The report is the second in the probe ordered by the President in mining activities and the export of copper concentrates for processing outside Tanzania. The first committee already presented its report which proposed a ban on the export of the concentrate. 

The team also faulted some government officials, mining companies and Tanzania Mineral Audit Agency (TMAA) of causing loss to the government through tax evasion running into billions of Shillings.

The team, which is comprised by economists and lawyers, was formed to investigate investment contracts in the mining industry.

The President is receiving the report just less than a month after he received the first one which looked into the content of gold and other minerals in the copper concentrate.

 

 

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Monday, June 12, 2017

JPM vows to make tough decision for Tanzanian interests



President John Magufuli

President John Magufuli 

By Rosemary Mirondo @mwaikama rmirondo@tz.nationmedia.com

Dar es Salaam. President John Magufuli has vowed that he will make tough decisions irrespective of who will be affected to ensure Tanzanians benefit from the country’s resources.

The President revealed this on Monday morning, when he was addressing Tanzanians after receiving a report from a second team he formed to look into mining contracts and economic impacts on the country.

President Magufuli said the report showed some giant mining companies like Acacia Gold Mining had been siphoning the country’s resources through dubious contracts. 

“Acacia Gold Mining is operating in the country illegally because it hasn’t been registered by Business Registration and Licensing Agency (Brela),” he said.

The President reiterated the ban on mineral concentrates, stressing that none should be exported for smelting.

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Monday, June 12, 2017

Tanzania lost Sh188 trillion through copper and gold concentrates export

 

By Rosemary Mirondo @TheCitizenTz news@tz.nationmedia.com

Dar es Salaam. Tanzania has lost an average of Sh108 trillion and Sh188 trillion in a period between 1998 and 2017 through gold and copper concentrates export.

This was revealed in a report by a probing team, which was formed by President John Magufuli, to look into mining contracts and their economic impact to the country. The report was presented to the President by Professor Nehemia Osoro, who chaired the team.

The amount is equivalent to the country’s budget for three consecutive financial years. According to Prof Osoro the amount will enable the country to the entire central railway line to Standard Gauge.

More to follow

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Monday, June 12, 2017

TV screens installed on Mwanza streets for locals to watch Mchanga Report

 

By Peter Saramba news@tz.nationmedia.com

Mwanza. The city of Mwanza was at a standstill on Monday morning as residents were found gathered around televisions, abandoning their daily chores to watch a live broadcast of President John Magufuli receiving the second report on mining sands that was formed in April.

The special committee, appointed by President Magufuli to look into mining contracts and their economic impact reported that Acacia Gold Mining PLC who owns Bulyanhulu, North Mara, Buzwagi and Pangea gold mines was not licensed to operate in Tanzania.

The office of Mwanza regional commissioner made it possible for Mwanza residents to view the live broadcast by installing TV screens in open spaces in various parts of the region. Radio stations and social media platforms were also broadcasting live.

The office of the regional commissioner also provided transportation to a team of reporters, who moved around the city to report on how the residents have reacted to the presentation of the report.

According to Levy Matia, the personal secretary to Mwanza’s Regional Commissioner, Mr John Mongella, the regional leadership has taken the move so that everyone would be able to view the event.

Misungwi District Council’s Public Relations Officer Mr Thomas Lutego and Kwimba District Commissioner Mr Mtemi Msafiri confirmed that people in their localities had been provided with this service.

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Monday, June 12, 2017

Chenge, Ngeleja implicated in second mining sand probing report

Former Attorney General Mr Andrew Chenge

Former Attorney General Mr Andrew Chenge (Bariadi-CCM)  and former minister for energy and minerals Mr William Ngeleja (Sengerema-CCM) have been implicated in a report by a second team. 

Dar es Salaam. Former Attorney General Mr Andrew Chenge (Bariadi-CCM) and former minister for energy and minerals Mr William Ngeleja (Sengerema-CCM) have been implicated in a report by a second team, formed by President John Magufuli to probe the mineral sand saga.

Others, who were implicated in the report presented to President John Magufuli by Professor Nehemia Osoro, who chaired the team are the late minister for industries, trade and investments Dr Abdallah Kigoda, former minister for energy and minerals Mr Daniel Yona as well as former attorney general Johnson Mwanyika.

According to Prof Osoro Mr Change and co entered into dubious contracts with investors something, which has caused the government to lose a lot of revenues.

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