16 May 2018

Tanzania: Tanzanite One Agrees to Compensate the Govt

Dar es Salaam — Tanzanite One Mining Company Limited has agreed to compensate the government with regard to some anomalies committed by the company in the past.

The minister for constitution and legal affairs Professor Palamagamba Kabudi, who led the government team in negotiation with Tanzanite One, revealed this on Wednesday.

The agreement was reached by Prof Kabudi and Tanzanite One Managing Director Mr Faisal Juma in Dar es Salaam yesterday, according to a statement released by deputy Director of Presidential Communications Mr Jafari Haniu.

Tanzanite One, according to Prof Kabudi has agreed to pay compensation to the government as well as uncollected taxes. However the minister didn't disclose the amount that the company will pay the government.

Prof Kabudi said that the company will pay the compensation in installments. According to Prof Kabudi the first instalment will be paid to the government in two weeks from yesterday.

He also revealed that Tanzanite One has agreed to adhere to the 2010 Mining Act and its regulations. Among the condition stipulated in the Act, which Tanzanite One has agreed to adhere to is the one which requires that mining activities at the mining site, should be conducted by locals.

On his part Tanzanite One managing Director Mr Juma commended the President for forming the team, which has managed to settle differences between the two parties.

He assured the government that his company will adhere to country laws, which govern the mining sector.

"As a mining company, we will make sure that we adhere to the country laws so that Tanzanians benefit from the resources," said Mr Juma.

Tanzania

Govt Employs 6,495 New Teachers to Fill Gaps Left By Those With Fake Certificates

The government said on Wednesday that it has employed 6,495 teachers for both secondary and primary schools to fill gaps… Read more »

See What Everyone is Watching

Copyright © 2018 The Citizen. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.