Canadian company surrender to Tanzania president Magufuli on avoiding tax payments

[Kasinja jr]

*Impossible move, Barrick Gold sells 16-per-cent stake in three mines to Tanzania*
Barrick Gold will give Tanzania a 16 per cent stake in three gold mines, a 50 per cent share in revenues from the mines and a one-off payment of $300-million to resolve a dispute that has hit its operations in the country, the two sides said.

The Canadian miner and Tanzanian government have been in talks for months after the east African country banned the export of unprocessed minerals and enacted new laws to raise state ownership of the nation’s mines

Tanzania is Africa’s fourth-largest gold producer, and Barrick’s Acacia Mining Plc is its largest miner, with three gold mines that also produce copper.

At 1200 GMT, Acacia’s London-listed shares were up 18 per cent following news of the deal.

Barrick Chairman John Thornton told a news conference in the Tanzanian capital the deal would have to be approved by the independent shareholders and directors of Acacia Mining.

Tanzanian justice and constitutional affairs minister Palamagamba Kabudi said the agreement was in keeping with the new mining laws passed in July.

“We have also agreed to have a 50:50 share of revenues between the government and Acacia Mining from all the mines,” he added.

Apart from that BARRIC Gold mines will have to

1. build smelter in Tanzania, no need of exportation of inseparable to be smelted out,

2. Will give permanent employment to Tanzanians

3. Have permanent bord.members from Tanzania,

4. Profit sharing will be win win situation, 50% each,

5. Pay penalty of 300 million USD for avoiding tax,

The only question is on how a weak country like Tanzania can impose restrictions on Canadian company and give out good results

6.Government will have permanent representatives in BARRIC Gold mines,

7. Head quarter of BARRIC Gold mines will be in Tanzania mwanza

8. Will finance road construction from mwanza city to the mining centre,

9. All cases concerned with mining issues will be dealt in Tanzania, not outside

10. Accepted to keep I
Money as deposit in Tanzania banks

This is right movement


Canadian company surrender to Tanzania president Magufuli on avoiding tax payments

 

[GOOGLE]

Pretenders' don't want to hear these things happening! No wonder few contributors will join this thread.

 

[komamgo]

Huyu ni mwanaume

 

[Granta]

Pretenders' don't want to hear these things happening! No wonder few contributors will join this thread.

Is it necessary to join ur foolishness celebration?

 

[kabombe]

habari mbaya sana hii

 

[GENTAMYCINE]

maybe because it is written in English or maybe it really painful to opposition...

Nimependa sana Kiingereza chako Mkuu hasa hapo ulipoandika napanukuu.." it really painful to opposition " mwisho wa Kukunukuu. Bora nibakie tu Kukipenda hiki hiki Kiswahili changu na Kiingereza niwaachie wenyewe wanaokijua ama kwa kukiandika au kukiongea.

 

[Magonjwa Mtambuka]

habari mbaya sana hii

Leo ni matanga kule mitaa ya ufipa.

 

[jingalao]

wazee wa MIGA Mjifunze

 

[jingalao]

Kuna watu wanaweza kufa kwz hizi habari

 

[livafan]

Huu Uzi ni mwiba kwa wapinzani, sitegemei comment nyingi maana kwao ni ar not interested

 

[Duduwasha]

Nimependa sana Kiingereza chako Mkuu hasa hapo ulipoandika napanukuu.." it really painful to opposition " mwisho wa Kukunukuu. Bora nibakie tu Kukipenda hiki hiki Kiswahili changu na Kiingereza niwaachie wenyewe wanaokijua ama kwa kukiandika au kukiongea.

Mimi nimemuelewa tena vizuri... kuwa ''hii habari ni maumivu makali sana kwa Wapinzani.!"" wewe kama unaleta criticism zako rekebisha na sio kuja na kicamera chako msibani kufotoa maiti.. rekebisha lugha na sio kuziba taCo kubwa mbele za wanaume

 

[jingalao]

Huu Uzi ni mwiba kwa wapinzani, sitegemei comment nyingi maana kwao ni ar not interested

Acha wasage chupa wanywe

 

[Chamoto]

The only question is on how a weak country like Tanzania can impose restrictions on Canadian company and give out good results

.
Our country is not weak, however we had some weak leaders in high positions in the past.

 

[Ubumuntu]

.
Our country is not weak, however we had some weak leaders in high positions in the past.

Including Magufuli the swindler, uh?

 

[mockers]

Nimependa sana Kiingereza chako Mkuu hasa hapo ulipoandika napanukuu.." it really painful to opposition " mwisho wa Kukunukuu. Bora nibakie tu Kukipenda hiki hiki Kiswahili changu na Kiingereza niwaachie wenyewe wanaokijua ama kwa kukiandika au kukiongea.

It pains the opposition/its bad informations to opposition.

 

[Ubumuntu]

It pains the opposition/its bad informations to opposition.

Holy moly!!

 

[Chamoto]

Including Magufuli the swindler, uh?

You wish he was!

 

[Fedor von Bock]

vipi majaliwa kaisha rudi toka canada

 

[BAK]

Ni kwa mizoga ya lumumba ambayo inashangilia kulipwa $3,434 kwa siku kwa miaka 20 wakati Barrick kwa siku walikuwa wakivuna dhahabu yenye thamani kubwa ukilinganisha na hiyo pesa uchwara watakayolipa.

Wazungu wamekamilisha kile walichokitaka kwa shareholders wao na ndiyo sababu shares zimepanda kwa 18% wapumbavu nyie mnashangilia!!!

Kweli ujuha ni mzigo mkubwa sana.

Huu Uzi ni mwiba kwa wapinzani, sitegemei comment nyingi maana kwao ni ar not interested

 

[Ubumuntu]

You wish he was!

He is indeed a swindler. This dude has been a senior government official for over 20 years; participated in endorsing all the shitty and stratagem contracts and businesses. And now he pretends to be legit and real?
He ain’t only a swindler, but a thief and crook of a person! He thieved a lot when he was a minister in different ministries! Like all CCM crooks and thieves, he is actually supposed to be in jail, and not Ikulu!

Come on, go and tell him that he needs to learn acting skills from Bongo movies! Yes, Bongo movies; because his acting skills are soo bad to the extent that Bongo movies look like Hollywood!