Mzee Mwanakijiji
Platinum Member
- Mar 10, 2006
- 33,771
- 41,027
wow.. wenye pesa have access.. watoto wa kitanzania hadi walale nje.. na hapo pia hawasikiwi!!
James Sinclair: A Friend or Foe?
James Sinclair: A Friend or Foe?
- Thread starter Ole
- Start date
Sanda Matuta
JF-Expert Member
- May 9, 2007
- 949
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Ukistaajabu ya Musa..................!
Jasusi,
Hivi kweli uhusiano wa Sinclar na JK ndio unasababisha Jk asiweze ku re- negotiate mikataba kwa maslahi ya Umma au kuna kitu sikifahamu hapa katikati?
Hata hivyo, inachekesha sana kuona kwamba pato kubwa la serikali ambalo lingetokana na corporate tax tunasubiri hadi hiyo 2010 kama zitakuwepo!...Hiyo royalties mshenzi ana kisu chake!... VAT kwenye madini ni bureee!
hakika tunachopokea ni mifupa ya kumlisha paka, mezani wamekaa binadamu haoooo!
Hivi kweli uhusiano wa Sinclar na JK ndio unasababisha Jk asiweze ku re- negotiate mikataba kwa maslahi ya Umma au kuna kitu sikifahamu hapa katikati?
Hata hivyo, inachekesha sana kuona kwamba pato kubwa la serikali ambalo lingetokana na corporate tax tunasubiri hadi hiyo 2010 kama zitakuwepo!...Hiyo royalties mshenzi ana kisu chake!... VAT kwenye madini ni bureee!
hakika tunachopokea ni mifupa ya kumlisha paka, mezani wamekaa binadamu haoooo!
Mzee Mwanakijiji
Platinum Member
- Mar 10, 2006
- 33,771
- 41,027
mtoto wake and groomed to be the next leader!
Mzee Mwanakijiji
Platinum Member
- Mar 10, 2006
- 33,771
- 41,027
yes sir.. mwenyewe anajitambia kweli.. one he time he said "I know who will be the next President of Tanzania".... akimaanisha Kahama.. how will that be possible? I have no clue
Mzee Mwanakijiji
Platinum Member
- Mar 10, 2006
- 33,771
- 41,027
Kutoka Kijijini,
Re: Chairman's Corner - Friday, July 06, 2007
Letter to the Editor Re Bloomberg Article
Dear Friends,
I would like to bring your attention to the following Letter to the Editor which was submitted in response to an article that appeared on Bloomberg.com by news columnist, Jonathan Weil.
To the Editor,
Re Jonathan Weil's column, "SEC Snaps Its Fingers and Assets Appear" (June 27):
I would like to clarify several items in his piece that I feel misrepresent the minerals industry segment, my public company and me personally.
Tanzanian Royalty was singled out for coverage from sixty one listings under the Metals Mining category on the AMEX. Approximately 90 percent of these companies are jointly listed on the AMEX and Toronto Stock Exchange (TSX) and they all fall within the same reporting standards.
Weil takes particular exception to the way assets are reported under Canadian and American generally accepted accounting principles, noting that our assets under the former are approximately double. He then goes on to conclude in all too common US-centric fashion that "The US approach seems more sensible."
I found the thrust of his article was largely invalidated given the fact our financial statements are filed with AMEX under both standards, allowing investors to choose whichever valuation they prefer.
Also, I would question his inferred slight of the reporting standards of the TSX which is the largest natural-resource exchange in the world. TSX listings have been responsible for the vast majority of major mineral discoveries and mining-related merger and acquisitions activity during my entire career in the commodities business of more than 50 years. The TSX knows its business and has the global credibility and authority to back up that statement.
Exploration Company
Because we are an exploration company, reporting assets under Canadian and/or American GAAP really doesn't tell the whole story or adequately reflect our business. By expending monies on our exploration holdings, we attempt to value-add these assets with a view to confirming previously established exploration potential. This allows us to attract joint-venture partners to carry the property forward.
These partners assume the financial risk of determining the economic viability of the properties and we are left with advanced (pre-production) payments during the exploration and development phases and sliding-scale royalties at production. Our industry partners take on the task of compiling and reporting exploration results in accordance with Canadian National Instrument 43-101, including the calculation of mineral resources where applicable.
At the present time, the value the marketplace attributes to our company is based on a number of factors that have little to do with Canadian or U.S. GAAP.
Measures of Value
Foremost are our land holdings in the prolific Lake Victoria region of Tanzania, where drill- indicated potential has been established for gold, diamonds and base metals including nickel.
One of our partners has achieved considerable exploration success near its operating mine (a joint venture) while our wholly-owned Kigosi property has reported some of the most encouraging exploration results this year of any company in Tanzania.
Just recently, we signed a Letter of Intent with a large, publicly traded Chinese company that has expressed a keen interest in our entire non-committed portfolio of mineral projects in Tanzania.
Tanzanian Royalty also has an experienced management team, seasoned industry partners and an aggregate exploration budget (including joint venture expenditures) that is among the largest on the African continent. Clearly, the marketplace is aware that the company and its exploration partners are actively engaged in exploration for commodities that are increasingly in short supply throughout the world.
Business Background
For the record, as chairman of Sutton Resources, I was responsible for acquiring the Bulyanhulu gold project in Tanzania that was subsequently acquired by Barrick Gold Corp in a takeover valued at approximately $500 million. It now ranks among the largest and richest underground gold mines in the world.
In 2002, I took a major position in Tanzanian Royalty through a vend-in of Tanzanian properties that were held in my privately-owned company. So it's very much a new company -- hardly the 17-year-old original suggested by Weil. Since that time, I have funded Tanzanian Royalty out-of- pocket through $17 million in share purchases at market prices, taking no warrants, options or discounts -- a practice that I plan to continue.
Perhaps the profiles, market-related commentary and other news that has appeared about me in the New York Times, Barron's and Bloomberg have heightened my candidacy as a target for business writers who would do themselves a favor by attempting to better understand our industry and its modus operandi.
James E. Sinclair
Chairman
Tanzanian Royalty Exploration
Re: Chairman's Corner - Friday, July 06, 2007
Letter to the Editor Re Bloomberg Article
Dear Friends,
I would like to bring your attention to the following Letter to the Editor which was submitted in response to an article that appeared on Bloomberg.com by news columnist, Jonathan Weil.
To the Editor,
Re Jonathan Weil's column, "SEC Snaps Its Fingers and Assets Appear" (June 27):
I would like to clarify several items in his piece that I feel misrepresent the minerals industry segment, my public company and me personally.
Tanzanian Royalty was singled out for coverage from sixty one listings under the Metals Mining category on the AMEX. Approximately 90 percent of these companies are jointly listed on the AMEX and Toronto Stock Exchange (TSX) and they all fall within the same reporting standards.
Weil takes particular exception to the way assets are reported under Canadian and American generally accepted accounting principles, noting that our assets under the former are approximately double. He then goes on to conclude in all too common US-centric fashion that "The US approach seems more sensible."
I found the thrust of his article was largely invalidated given the fact our financial statements are filed with AMEX under both standards, allowing investors to choose whichever valuation they prefer.
Also, I would question his inferred slight of the reporting standards of the TSX which is the largest natural-resource exchange in the world. TSX listings have been responsible for the vast majority of major mineral discoveries and mining-related merger and acquisitions activity during my entire career in the commodities business of more than 50 years. The TSX knows its business and has the global credibility and authority to back up that statement.
Exploration Company
Because we are an exploration company, reporting assets under Canadian and/or American GAAP really doesn't tell the whole story or adequately reflect our business. By expending monies on our exploration holdings, we attempt to value-add these assets with a view to confirming previously established exploration potential. This allows us to attract joint-venture partners to carry the property forward.
These partners assume the financial risk of determining the economic viability of the properties and we are left with advanced (pre-production) payments during the exploration and development phases and sliding-scale royalties at production. Our industry partners take on the task of compiling and reporting exploration results in accordance with Canadian National Instrument 43-101, including the calculation of mineral resources where applicable.
At the present time, the value the marketplace attributes to our company is based on a number of factors that have little to do with Canadian or U.S. GAAP.
Measures of Value
Foremost are our land holdings in the prolific Lake Victoria region of Tanzania, where drill- indicated potential has been established for gold, diamonds and base metals including nickel.
One of our partners has achieved considerable exploration success near its operating mine (a joint venture) while our wholly-owned Kigosi property has reported some of the most encouraging exploration results this year of any company in Tanzania.
Just recently, we signed a Letter of Intent with a large, publicly traded Chinese company that has expressed a keen interest in our entire non-committed portfolio of mineral projects in Tanzania.
Tanzanian Royalty also has an experienced management team, seasoned industry partners and an aggregate exploration budget (including joint venture expenditures) that is among the largest on the African continent. Clearly, the marketplace is aware that the company and its exploration partners are actively engaged in exploration for commodities that are increasingly in short supply throughout the world.
Business Background
For the record, as chairman of Sutton Resources, I was responsible for acquiring the Bulyanhulu gold project in Tanzania that was subsequently acquired by Barrick Gold Corp in a takeover valued at approximately $500 million. It now ranks among the largest and richest underground gold mines in the world.
In 2002, I took a major position in Tanzanian Royalty through a vend-in of Tanzanian properties that were held in my privately-owned company. So it's very much a new company -- hardly the 17-year-old original suggested by Weil. Since that time, I have funded Tanzanian Royalty out-of- pocket through $17 million in share purchases at market prices, taking no warrants, options or discounts -- a practice that I plan to continue.
Perhaps the profiles, market-related commentary and other news that has appeared about me in the New York Times, Barron's and Bloomberg have heightened my candidacy as a target for business writers who would do themselves a favor by attempting to better understand our industry and its modus operandi.
James E. Sinclair
Chairman
Tanzanian Royalty Exploration
DAR si LAMU
JF-Expert Member
- Mar 31, 2007
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- 551
...swarm intell. at it's best!
DAR si LAMU
JF-Expert Member
- Mar 31, 2007
- 2,928
- 551
Mzee Mwanakijiji
Platinum Member
- Mar 10, 2006
- 33,771
- 41,027
The Company is pleased to announce the appointment of Joseph K. Kahama as Senior Vice President of Tanzanian Royalty Exploration Corporation.
A native of Tanzania, Mr. Kahama has served as president and director of the Company's wholly-owned subsidiary, Tanzania American
International Development Corporation 2000 Ltd., since 1997. In his capacity as president, Mr. Kahama has been responsible for corporate administration and also for maintaining good relations with government,
vendors, and the Company's various business partners in Tanzania.
Mr. Kahama is a councilor at the Tanzania Chamber of Energy & Minerals (TCME) where he represents the Company and its various Tanzanian subsidiaries. In 2007, he was appointed to the Tanzania National Business Council (TNBC) and the Local Investors Roundtable (LIRT) whose Chairman is the President of the United Republic of Tanzania,
Honourable Jakaya M. Kikwete. In 2006, Mr. Kahama was appointed as a member and advisor to the China Africa Business Council (CABC) which is headquartered in Beijing, Peoples Republic of China.
"We are delighted to have Mr. Kahama playing a senior role in the parent company at this critical juncture in its history," said Tanzanian Royalty Chairman and CEO, Jim Sinclair. "His knowledge of Tanzania - and more specifically with the nation's growing relationship with the People's Republic of China - is formidable to say the least and will serve the company well in the future."
Respectfully Submitted,
"James E. Sinclair"
James E. Sinclair
Chairman and Chief Executive Officer
A native of Tanzania, Mr. Kahama has served as president and director of the Company's wholly-owned subsidiary, Tanzania American
International Development Corporation 2000 Ltd., since 1997. In his capacity as president, Mr. Kahama has been responsible for corporate administration and also for maintaining good relations with government,
vendors, and the Company's various business partners in Tanzania.
Mr. Kahama is a councilor at the Tanzania Chamber of Energy & Minerals (TCME) where he represents the Company and its various Tanzanian subsidiaries. In 2007, he was appointed to the Tanzania National Business Council (TNBC) and the Local Investors Roundtable (LIRT) whose Chairman is the President of the United Republic of Tanzania,
Honourable Jakaya M. Kikwete. In 2006, Mr. Kahama was appointed as a member and advisor to the China Africa Business Council (CABC) which is headquartered in Beijing, Peoples Republic of China.
"We are delighted to have Mr. Kahama playing a senior role in the parent company at this critical juncture in its history," said Tanzanian Royalty Chairman and CEO, Jim Sinclair. "His knowledge of Tanzania - and more specifically with the nation's growing relationship with the People's Republic of China - is formidable to say the least and will serve the company well in the future."
Respectfully Submitted,
"James E. Sinclair"
James E. Sinclair
Chairman and Chief Executive Officer
At last This Day have picked this story
==============================================
Mineral prospecting in Tanzania: Canadian firm moves to confirm monopoly
THISDAY REPORTER
Dar es Salaam
A CANADIAN company already possessing what it describes as extensive landholdings with potentially vast mineral deposits around the country, has entered into contractual negotiations with an unnamed Chinese firm for the acquisition of even more prospecting licences in Tanzania.
The Tanzanian Royalty Exploration Corporation has announced that it is holding talks with a company from the Peoples Republic of China for 13 prospecting licences in the country.
According to Tanzanian Royalty chairman and chief executive officer James Sinclair, the licences owned by the undisclosed Chinese company covers potential gold prospecting properties in the Ushirombo, Lunguya, and Nyanzaga areas of Tanzania and nickel licences in the Kagera/Kabanga nickel belt.
Tanzanian Royalty already holds the largest single land position in the countrys Kabanga nickel belt.
The company, which also has lucrative licences for world-class gold, diamond and nickel assets in the Lake Victoria greenstone and Kabanga/Kagera nickel belts of Tanzania, is now moving to further consolidate its position.
Sinclair states on the companys official website that President Jakaya Kikwete is his close friend and their friendship dates back to almost two decades ago.
In a website posting dated December 15, 2005, Sinclair announced to site visitors that he had been invited to President Kikwetes official inauguration at the National Stadium in Dar es Salaam.
I am proud to inform you that my close friend of 17 years, the Hon. Jakaya Kikwete, was today elected President of Tanzania by a landslide vote, said Sinclair in the posting.
He continued: I have now received my official invitation as a guest of the new president of Tanzania to attend the upcoming December 22nd presidential inauguration in Dar es Salaam. I will be departing this weekend.
And in a new statement released on Thursday this week, Sinclair said: Tanzanian Royaltys timely acquisition of its diverse asset base in one of the worlds great mineral producing regions - along with the political capital it has built up in Tanzania over the years - bodes well for its future.
Formerly known as Tan Range Exploration Corporation, the company changed its name to Tanzanian Royalty Exploration Corporation on March 8, 2006.
It is currently publicly traded on both the Toronto Stock Exchange and the American Stock Exchange.
Tanzanian Royalty derives its income from passive (non-operating) interests in mining operations that provide the royalty holder with the right to garner revenue from the project after deducting specified costs, if any.
While other companies seek to acquire royalties through outright purchases on the open market, Tanzanian Royalty says it is determined to accumulate royalties on the basis of exploration successes with industry partners, and by exploiting the exploration potential on properties for its own account.
The company is focused on developing royalty income from its extensive landholdings in one of the worlds most prolific mineral belts, the Lake Victoria Greenstone Belt in Tanzania, says Tanzanian Royalty in its website.
==============================================
Mineral prospecting in Tanzania: Canadian firm moves to confirm monopoly
THISDAY REPORTER
Dar es Salaam
A CANADIAN company already possessing what it describes as extensive landholdings with potentially vast mineral deposits around the country, has entered into contractual negotiations with an unnamed Chinese firm for the acquisition of even more prospecting licences in Tanzania.
The Tanzanian Royalty Exploration Corporation has announced that it is holding talks with a company from the Peoples Republic of China for 13 prospecting licences in the country.
According to Tanzanian Royalty chairman and chief executive officer James Sinclair, the licences owned by the undisclosed Chinese company covers potential gold prospecting properties in the Ushirombo, Lunguya, and Nyanzaga areas of Tanzania and nickel licences in the Kagera/Kabanga nickel belt.
Tanzanian Royalty already holds the largest single land position in the countrys Kabanga nickel belt.
The company, which also has lucrative licences for world-class gold, diamond and nickel assets in the Lake Victoria greenstone and Kabanga/Kagera nickel belts of Tanzania, is now moving to further consolidate its position.
Sinclair states on the companys official website that President Jakaya Kikwete is his close friend and their friendship dates back to almost two decades ago.
In a website posting dated December 15, 2005, Sinclair announced to site visitors that he had been invited to President Kikwetes official inauguration at the National Stadium in Dar es Salaam.
I am proud to inform you that my close friend of 17 years, the Hon. Jakaya Kikwete, was today elected President of Tanzania by a landslide vote, said Sinclair in the posting.
He continued: I have now received my official invitation as a guest of the new president of Tanzania to attend the upcoming December 22nd presidential inauguration in Dar es Salaam. I will be departing this weekend.
And in a new statement released on Thursday this week, Sinclair said: Tanzanian Royaltys timely acquisition of its diverse asset base in one of the worlds great mineral producing regions - along with the political capital it has built up in Tanzania over the years - bodes well for its future.
Formerly known as Tan Range Exploration Corporation, the company changed its name to Tanzanian Royalty Exploration Corporation on March 8, 2006.
It is currently publicly traded on both the Toronto Stock Exchange and the American Stock Exchange.
Tanzanian Royalty derives its income from passive (non-operating) interests in mining operations that provide the royalty holder with the right to garner revenue from the project after deducting specified costs, if any.
While other companies seek to acquire royalties through outright purchases on the open market, Tanzanian Royalty says it is determined to accumulate royalties on the basis of exploration successes with industry partners, and by exploiting the exploration potential on properties for its own account.
The company is focused on developing royalty income from its extensive landholdings in one of the worlds most prolific mineral belts, the Lake Victoria Greenstone Belt in Tanzania, says Tanzanian Royalty in its website.
Dua
JF-Expert Member
- Nov 14, 2006
- 3,236
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....................wajinga ndio waliwao.
Mzee Mwanakijiji
Platinum Member
- Mar 10, 2006
- 33,771
- 41,027
Dua... hivi unajua share alizonazo JK kwenye Tanzania Royalty? mwenzenu ni mbia wa nguvu kabla hata hajawa Rais...
Mzee Mwanakijiji
Platinum Member
- Mar 10, 2006
- 33,771
- 41,027
Buzwagi, Karamagi, Kikwete, and James Sinclair... Waheshimiwa nimebahatika kuuona mkataba kati ya Barrick Gold na Tanzania Royalty Exploration ambayo Kikwete na Msabaha ni wana hisa... now I know why?