Dentons EALC East African Law Chambers’ Post

🌟🇹🇿 Exciting News from the Ministry of Minerals, Tanzania! 🌟 As we continue to forge ahead with our commitment to Tanzania’s economic development, Dr. Steven Kiruswa, The Deputy Minister of Minerals was thrilled to share some outstanding achievements from our mining sector during the inauguration of the Tanzania Broadcasting Corporation (TBC) towers in Loliondo, Ngorongoro District, Arusha. 🎯 2025 Target: The Ministry of Minerals has been tasked with the ambitious goal of contributing 10% to Tanzania’s GDP by 2025. We are proud to report that as of now, we have already surpassed a 9% contribution, leaving us just shy of our target by 0.9%. 📍 Regional Focus – Arusha: For the 2023/24 fiscal year, we set a target for the Arusha region to collect 5.5 billion shillings from mining activities. As of March this year, we have successfully collected 3.18 billion shillings. With continued effort, we are on track to meet our June 30, 2024 deadline. These milestones reflect the hard work and dedication of our teams across the country. The integration of mining revenues into our national economy not only supports our fiscal targets but also fosters sustainable development in our mining communities. Stay tuned for more updates as we push forward toward our goals. Together, we are building a stronger and more prosperous Tanzania. #Vision2030 #MadiniYetu #MiningIndustry #TanzaniaDevelopment #TANZANIA #TanzaniaMinerals #Networking #TanzaniaMining #Vision2030 #MadiniNiMaishaNaUtajiri #MineralResearch #MiningSectorGrowth #MineralGovernance #InvestInTanzaniaMiningSector #EconomicDevelopment #MiningSector #Tanzania #GDPContribution #SustainableMining

Exciting news! 🎉 Malawi's capital is gearing up to host a brand new Niobium Refinery! 🏭 Stay tuned for more updates on this game-changing development. 🌟 🌟 Malawi's economic development is on the rise, thanks to the proactive leadership of the president Lazarus McCarthy Chakwera and ministry! Mining plays a crucial role in driving Malawi's growth. 💼📈 The Kanyika Niobium project is among the Mining Development Agreements successfully negotiated under President Lazarus McCarthy Chakwera’s administration. Globe Metals Limited, an Australian firm holding a Mining Development Agreement (MDA) for the Kanyika Niobium project in Mzimba, will establish a niobium refinery in Malawi’s capital, Lilongwe. Dr. Joseph Mkandawire, Permanent Secretary (PS) in the Ministry of Mining, announced this decision following a meeting between Ministry officials, led by Minister of Mining Hon. Monica Chang’anamuno, MP, and representatives from Globe Metals Limited at the Ministry’s Lilongwe office on Thursday, February 29, 2024. This move marks a departure from the previous plan to locate the Niobium Refinery in Namibia or the UAE. Mkandawire emphasized that besides boosting revenue from refined products, the investment would generate employment opportunities both at the mine site in Mzimba and at the refinery in Lilongwe. He stated, “There will be a dual creation of job opportunities; one at Kanyika where mining will occur and another at the refinery site. Such mining investments align with the government's objectives.” Mkandawire confirmed that metallurgical and engineering tests have been completed, expressing the government's readiness to support the refinery plant's development. Globe Metals & Mining Ltd- Niobium intends to power mining and refining operations using renewable energy sources. This highlights Globe's commitment to contributing to the Malawi's growth. #EconomicDevelopment #MalawiMining #LeadershipInAction #malawi #lilongwe #niobium #job #opportunities #development #hydroelectricity #solar #biomass #economicgrowth #Malawi #NiobiumRefinery #EconomicGrowth

The Mining Indaba began on Monday with remarks from the South African and Zambian presidents, Prime Minister of the DRC and the South African Minister for Mineral Resources and Energy. Whilst they admitted a number of challenges facing the sector - including high commodity and energy prices and geopolitical challenges, it was great to hear success stories from leveraging on technology in defining the orebody and improving productivity. All the 3 Governments stressed on local beneficiation and social responsibility and reiterated their commitment to keep improving the mining investment climate. The highlight of the day was the #Tanzania Country showcase by the The Ministry of Minerals of Tanzania in collaboration with the Tanzania Chamber of Mines (TCM) that featured remarks by the Permanent Secretary of the The Ministry of Minerals of Tanzania - Kheri Mahimbali, an address by the Deputy Minister for Minerals - Dr Steven Kiruswa, followed by the Geological Survey of Tanzania among other speakers that highlighted the country’s massive mineral endowment and #investment opportunities in Tanzania. The session was also graced by a panel discussion by the existing investors - AngloGold Ashanti, Barrick Gold Corporation, Tembo Nickel, TRX Gold Corporation and Black Rock Mining Ltd, telling their story on factors that led their investment in Tanzania, such as the quality of the assets, political stability and Government’s commitment to the sector. #MI24

The role of a sustainable mining company is not only to create value for stakeholders today but to ensure it leaves behind a positive legacy that will continue to serve local communities long after mining is complete. The Buzwagi gold mine was an economic powerhouse for Tanzania’s Shinyanga region for nearly 15 years. At its peak, Buzwagi was the second largest operating mine in Tanzania and employed more than 3,000 people. Its operational life came to an end in July 2021 and the mine was officially closed in July 2022. Since then, Barrick has been attending to Buzwagi’s environmental rehabilitation while also advancing its plans to transform the closed mine into a Special Economic Zone. A feasibility study commissioned in 2021 showed that the creation of the Special Economic Zone had the potential to replace the mine as the region’s economic driver and could sustainably create 3,000 jobs annually, generate more than $150,000 each year from service levies for the local municipality and deliver approximately $4.5 million in employment taxes a year. #whyafrica #whymineafrica #africa #environmentalmanagement #rehabilitation #mining #sustanability #naturalresources https://lnkd.in/da77zntW

MIIF's visionary approach to harnessing Ghana's mineral wealth for economic growth is commendable, but the challenge lies in balancing formalization with inclusivity. While the small-scale mining incubation program is a step in the right direction, it must ensure that artisanal miners are not disenfranchised in the process. The focus on corporate governance, capital provision, and traceability is crucial, but equal attention must be paid to environmental sustainability and social responsibility. As MIIF pursues its pan-African vision, it must prioritize collaborative governance, community engagement, and equitable benefit-sharing to truly transform mineral wealth into inclusive economic growth. #MIIF #Ghana #MineralWealth #EconomicGrowth #SmallScaleMining #Formalization #Inclusivity #Sustainability https://lnkd.in/eUhdkZ24

Namibia’s global attractiveness drops, Chamber calls for urgent policy reforms The Chamber of Mines Namibia has called for urgent policy reforms in the country's mining sector following Namibia's drop in the 2023 The Fraser Institute Annual Survey of Mining Companies. The country's ranking on the Investment Attractiveness Index (IAI) fell by three points, prompting the Chamber of Mines to stress the critical need for improved mining policies and regulatory frameworks to enhance investor confidence and competitiveness globally. "While Namibia remains one of Africa's more favourable destinations, ranking 4th, it's troubling to see our score deteriorate by three points on the absolute scale and in our global rankings. This underscores the necessity for Namibia to improve its mining policies and regulatory landscape," President of the Chamber of Mines Zebra Kasete said. Namibia's position on the overall Investment Attractiveness Index (IAI) dropped by 3 points from 59 in 2022 to 56 in 2023, according to the 2023 Fraser Institute Survey of Mining Companies. Namibia ranked 42 out of 86 jurisdictions surveyed, down from 38 out of 62 jurisdictions in 2022. Despite this decline, Namibia maintains the third-highest ranking among African countries for its policy environment affecting exploration and investment.  https://lnkd.in/dwyDN9zH #namibia #mining #namibiamining #fraserinstitute #policyreforms Namibia Investment Promotion and Development Board (NIPDB) Veston Malango Tom Alweendo

𝐓𝐡𝐢𝐬 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 𝐢𝐬 𝐬𝐞𝐭 𝐭𝐨 𝐛𝐞 𝐚 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐯𝐞 𝐦𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 𝐟𝐨𝐫 𝐓𝐚𝐧𝐳𝐚𝐧𝐢𝐚’𝐬 𝐦𝐢𝐧𝐢𝐧𝐠 𝐬𝐞𝐜𝐭𝐨𝐫 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐛𝐫𝐨𝐚𝐝𝐞𝐫 𝐞𝐜𝐨𝐧𝐨𝐦𝐲. The Ministry of Minerals and the Government of Tanzania deserve high praise for their visionary project aimed at conducting an in-depth geophysical survey across two expansive blocks, covering a total area of 165,574 square kilometers. With only 16% of Tanzania surveyed so far, the potential for significant mineral discoveries is immense, paving the way for substantial economic growth and opportunities. Hon. Anthony Mavunde (MP and Minister for Minerals) and Kheri Mahimbali (Permanent Secretary at the Ministry of Minerals) have spearheaded this commendable effort, which will undoubtedly lead to the establishment of numerous large-scale mines and a surge in opportunities for local communities and businesses. Transec is excited about the prospects this project holds for the mining industry in Tanzania. As a company dedicated to providing top-tier equipment and services to the mining sector, we look forward to supporting these future developments with our expertise and resources. We remain committed to partnering with local stakeholders and the government to ensure that these initiatives not only boost economic growth but also contribute to sustainable development and community empowerment. Let’s embrace the future of Tanzania’s mining industry together, driving progress and prosperity for all. #InvestInTanzania #Mining #EconomicGrowth #SustainableDevelopment #TransecTanzania #MineralExploration #Africa #EastAfrica #Tanzania #MiningIndustry #Partnership #Leadership For more details on this exciting project, check out the original article here. https://lnkd.in/d6W-b2ig

Unveiling Saudi Arabia's Mineral Wealth: $320bn Deposits in Northern Regions A recent revelation by Khalid bin Saleh Al Mudaifer, Vice-Minister of Industry and Mineral Resources for Mining Affairs, has confirmed that Saudi Arabia's Northern Borders Region holds an incredible $320 billion in mineral wealth. This accounts for a quarter of the Kingdom's total mineral wealth and represents a significant opportunity for investment. The region's wealth, especially in phosphate, has already seen investments over $32bn in infrastructure support. With additional plans for potential investments of nearly $21.3bn in upcoming projects, the Northern Borders region is poised to become a cornerstone of modern industry. Discover more about Saudi Arabia's untapped mineral wealth in the full article on Saudi Business News: http://dlvr.it/T0d4dR #SaudiArabia #MineralWealth #InvestmentOpportunities #NorthernBordersRegion #PhosphateProjects

A number of international players are now present in Mozambique and several companies are exploring the country’s vast mineral resources. Besides gold, coal and mineral sands, Mozambique hosts substantial deposits of Rare Earth Elements (REE), graphite, lithium, and gemstones. Around the active mines, hubs of suppliers have sprung up, particularly in Tete and in Pemba (in Cabo Delgado). In addition, Mozambique benefits from the vast availability of mining suppliers and expertise in neighbouring South Africa. WhyAfrica will be travelling through Mozambique on the third leg of the 2024 WhyAfrica Road Trip through South Africa, Zimbabwe, Mozambique, Malawi, and Tanzania. During this year’s 45-day trip we will attempt to visit more than 30 project sites and interview close to 40 stakeholders in the countries that we visit. The third leg of our trip is backed and endorsed by the Chamber of Mines of Mozambique (CMM) and our fantastic partners and sponsors, which we will be announcing soon. Remember, we still have partnership, sponsorship and advertising opportunities available so if you want to become part of this year's epic WhyAfrica story, contact us before the end of May to get the best deal.                   This is the first article in a series of articles about mining in Mozambique in the run up to the 2024 WhyAfrica Road Trip. Continue following WhyAfrica or visit our website to become a WhyAfrica member or subscribe to our magazines and newsletters and get all our updates and on the ground information and business intelligence about Africa. Read the full article by clicking on the link below or visit the WhyAfrica website, your one-stop-shop for on the ground information and business intelligence about Africa.   WhyAfrica specialises in the sustainable utilisation and responsible extraction of the natural resources in Africa. Leon Louw Geert Klok Chamber of Mines of Mozambique #whyafrica #whyafricaroadtrips #AfricanRoots #100percentafrican #mozambique #mining #exploration #quarrying #agriculture #forestry #fisheries #infrastructure #energy #ESG #environmentalmanagement #tourism #travel #naturalresources #naturalresourcemangement #climatechange #extremeweather #biodiversity #conservation #carbonemissions #lithium #criticalminerals #REE #coal #gold #mineralsands Image credit: Kenmare Resources    https://lnkd.in/diU7pUWB

“This 21 per cent share of Australian investment in Tanzania's mining sector is a testament to the strong economic relationship between the two nations, with favour-able mining policies and political stability attracting foreign investors", quoted words from Mr Anthony Mavunde - Minister for Minerals URT During the recent Africa DownUnder (ADU) conference, Tanzania secured investment contracts exceeding 10 trillion Tanzanian Shillings. This investment aims to boost projects, particularly for small- and medium-scale miners, enhancing employment, government revenue, and national participation in mining. Australian companies such as Resolute Mining and Peak Resources have praised Tanzania's favorable investment climate. The mining sector contributed 6.7% to Tanzania's GDP in 2023, and these new investments are expected to further bolster economic growth and improve livelihoods. Daily News; Monday 9th September 2024