Market News
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Africa: Emphasis on Corporate Social Responsibility in Mining Sectors
Posted on :Monday , 2nd January 2017
The activities of mining firms often affect the communities in which they operate in; In some instances, a large number of people have to be relocated due to mine constructions. It is against this backdrop that players in the mining sector are taking the corporate social responsibility (CSR) agenda seriously. The World Bank defines CSR as “the commitment of businesses to contribute to sus. . .
Tanzania: Mining Firm Pays Govt $5.8 Million in Taxes
Posted on :Wednesday , 28th December 2016
Petra Diamonds has paid 5.8 million US dollars (about 12bn/-) to Tanzania in various taxes making the country the highest paid in nations where the firm operates.
The diamond firm, registered in London Stock Exchange, made a total payment of 8.9 million US dollars (18bn/-), where Tanzania payments account for 66 per cent, South Africa 32 per cent and Netherlands 2 p. . .Tanzania: Plenty of Gypsum Available - Minister
Posted on :Friday , 23rd December 2016
Lindi — Minister for Energy and Minerals, Prof Sospeter Muhongo, has ordered the commissioner of minerals, gypsum miners and owners of industries to resolve their differences and make sure they agree on payment and prices so as to boost the gypsum mining business in the country.
Prof Muhongo was speaking after visiting Mkanganga gypsum mines, which are located. . .Tanzania: Mining Firm to Get Finnish 'Smart Power Generation' Plant
Posted on :Tuesday , 20th December 2016
Dar es Salaam — Wärtsilä, a Finnish corporation which manufactures and services power, has promised to supply a 40 MW 'Smart Power Generation' plant to Geita Gold Mining Limited in Tanzania in the beginning of 2018.
The company which is one of the Independent Power Producers operating in Tanzania said that the power plant will provide a reliable elec. . .Tanzania: Demand for Charcoal To Double By 2030
Posted on :Friday , 2nd December 2016
Dar es Salaam — Charcoal demand in Tanzania is likely to increase from 2.4 million to over 5 million tonnes annually by 2030 unless an affordable alternative cooking energy is found, experts have said.
To minimise environmental impacts of high demand they say the government must formalise charcoal business and put appropriate and workable policies for its sust. . .Please Select an Option
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