Kuna nchi zipo vizuri ila huwa hawapigi kelele sana kama Majirani zetu

[Geza Ulole]

I’m be honest here , Mkifanikiwa hili. Itakuwa a big achievement.

What do u mean tukifanikiwa the project is U/C that means advance has been already paid! And 2020/2021 budget has set funds aside for this project!

 

[Farid K]

What do u mean tukifanikiwa the project is U/C that means advance has been already paid!

I’m talking about Barrick ku move their offices from Joburg to Mwanza.

 

[Geza Ulole]

I’m talking about Barrick ku move their offices from Joburg to Mwanza.

Makubaliano ndo yako hivyo headquarters za Twiga minerals yatatoka J'burg kuja Mwanza na ikiwemo ujenzi wa gold/metals refinery (in partnership na GoT) na magawanyo ya faida 50/50 , GoT 16% stake at Twiga minerals! Na kutumia local banks pia! We unafikiria kwanini serikali inaweka mkazo ku-improve infrastructure Mwanza SGR, Mwanza Airport, ferries? To be ready to host those big offices!

Tanzania and Barrick Gold Formalize the Establishment of Twiga Minerals Corporation

TOPICS:Tanzania Gold Barrick Twiga Minerals Corporation Tanzania agreement

JANUARY 27, 2020

On 24th January 2020, Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) and the Government of Tanzania (GoT) signed the agreements to ratify the creation of Twiga Minerals Corporation, the management company jointly owned by the GoT and Barrick, that will oversee the management of Barrick’s mining operations in the country.

The new company is owned for 84% by Barrick and 16% by the GoT, and is based on 50/50 sharing of the economic benefits generated by the mining operations after the recoupment of capital investments.

In addition, Barrick will partner with the University of Dar es Salaam and commit up to USD 10 million in funding over a 10-year period for training and skills development in the mining industry, and will also commit up to USD 40 million to upgrade the road between the Bulyanhulu gold mine and Mwanza as well as constructing a housing compound and related infrastructure.

Twiga Minerals will also work on a local supplier strategy as well as a community development plan to create sustainable economic opportunities for the people around its mines.

The new company is the result of a dispute between Acacia Mining, a former subsidiary of Barrick and Tanzania’s largest gold producer, and the GoT since May 2017 when a presidential committee accused the company to have under-declared its mineral exports and eventually presented it with a demand for USD 190 billion in unpaid taxes.

During the signing ceremony, President Magufui congratulated Barrick Gold Corporation’s negotiating team by reaching this point, he has assured them that Tanzania will continue to be a great place for investment.

He also ordered the auctioning of the 200 gold sand containers pertaining to Acacia Mining that were seized at the port of Dar es Salaam in 2017, for sale through Twiga Minerals Corporation.

Meanwhile, three mining company has recently served the GoT with dispute notices relating to some of their mining projects in Tanzania.

Read more at: Tanzania and Barrick Gold Formalize the Establishment of Twiga Minerals Corporation - TanzaniaInvest and follow us on www.twitter.com/tanzaniainvest



The Launch of Twiga Minerals Heralds Partnership Between Tanzanian Government and Barrick



Press Release

PDF Format (opens in new window)

All amounts expressed in US dollars​

DAR ES SALAAM, Tanzania, Oct. 20, 2019 (GLOBE NEWSWIRE) -- The government of Tanzania (“GoT”) and Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) have reached an agreement to settle all disputes between the GoT and the mining companies formerly operated by Acacia but now managed by Barrick. The final agreements have been submitted to the Tanzanian Attorney General for review and legalization.​

The terms of the agreement include the payment of $300 million to settle all outstanding tax and other disputes; the lifting of the concentrate export ban; the sharing of future economic benefits from the mines on a 50/50 basis; and the establishment of a unique, Africa-focused international dispute resolution framework.​

In conjunction with the finalization of the agreement, a new operating company called Twiga Minerals Corporation (“Twiga”) has been formed to manage the Bulyanhulu, North Mara and Buzwagi mines. (Twiga is the Swahili word for giraffe, Tanzania’s national symbol.) The GoT will acquire a free carried shareholding of 16% in each of the mines and will receive its half of the economic benefits from taxes, royalties, clearing fees and participation in all cash distributions made by the mines and Twiga. An annual true-up mechanism will ensure the maintenance of the 50/50 split.​

Speaking after a meeting with the chairman of the Negotiating Committee of the Government of Tanzania, Prof Palamagamba Kabudi, Barrick president and chief executive Mark Bristow said the agreements introduced a new era of productive partnership with the GoT and would ensure that Tanzania and its people would share fully in the value created by the mines they hosted. It also marked the end of the long impasse between the GoT and Acacia which had led, among other things, to the closure of North Mara and the freezing of export concentrate from the two other operations.​

Barrick took over the management of the mines after its buy-out of the Acacia minorities last month. Since then it has negotiated the re-opening of North Mara and is engaging with the mines’ host communities to restore their social license.​

“Rebuilding these operations after three years of value destruction will require a lot of work, but the progress we’ve already made will be greatly accelerated by this agreement. Twiga, which will give the government full visibility of and participation in operating decisions made for and by the mines, represents our new partnership not only in spirit but also in practice,” Bristow said.​

He noted that Tanzanian nationals were already being employed and trained to replace expatriate staff as had been done very successfully at Barrick’s other African operations.​

Barrick Enquiries​

Mark Bristow President and CEO +1 647 205 7694 +44 788 071 1386​

Graham Shuttleworth Senior Executive Vice-President and Chief Financial Officer​ +1 647 262 2095 +44 779 771 1338​

Kathy du Plessis Investor and Media Relations +44 20 7557 7738 barrick@dpapr.com​

https://www.barrick.com/English/new...nerals-Heralds-Partnership-Between-Tanzanian-

 

[Sethshalom]

Unajua GDP ya Luanda? Mbona haina maendeleo makubwa?, wacha kutumia vigezo visivyokua na maana. Muhimu ni matumizi bora ya pesa.

Kenya pesa yote inaibiwa, hakuna maendeleo yoyote yanayofanyika Nairobi kulinganisha na GDP yake. Ndio sababu jeshi la Ethiopia bajeti yake ni $300M kwa mwaka, lakini lina idadi ya vifaa vya kivita na idadi ya wanajeshi mara 3 zaidi ya Kenya yenye bajeti ya $1B kwa mwaka.

Kenya wapigaji wengi, ni kwa sababu wakenya hawana nafasi ya kukaa na kuchunguza nchi nyingine ziko je ,ila hawa jamaa walipata viongozi wabovu mpaka leo wenye ubinafsi ukabila kugawa watu. Moi destroyed Kenyan economy and society. Haya Uhuru ni porojo tu

 

[Guus]

Gdp ya Abidjan ni ngapi? Wachana na mambo ya per capita kwanza

Kwamba unaikataa GDP per capita na unaitaka GDP ili ufanye comparison ya miji miwili (Abidjan na Nairobi)??! Nenda tena shule ujue ipi ni sahihi zaidi katika kufanya comparison ya miji ama nchi, kati ya GDP na GDP per capita.

 

[Tony254]

Kwamba unaikataa GDP per capita na unaitaka GDP ili ufanye comparison ya miji miwili (Abidjan na Nairobi)??! Nenda tena shule ujue ipi ni sahihi zaidi katika kufanya comparison ya miji ama nchi, kati ya GDP na GDP per capita.

Unaongelesha mwanauchumi sawa?

 

[Guus]

Unaongelesha mwanauchumi sawa?

Sina haja ya kujua wewe ni nani. Na zaidi ni heri hata usingetaja kuwa ni mchumi, maana si tu umeonesha ulikwenda shule/chuo kupigia wenzako kelele bali pia unaharibu sifa ya shule/chuo ulichosoma

 

[The best 007]

Heheheheheeee mji wowote ule km hauna electric train basi huo mji upo stone age na si vinginevyo [emoji3][emoji3]

 

[The best 007]

Mm huwezi niambia chochote, yn mtu akiniambia tu mji fulani uko vzr, bac huwa naanza kuuliza huo mji una treni ya umeme? Km hauna basi kwng mm huwa na u discredit, hii Dar yenyewe nilikuwa sielewi wala nn ila baada ya kuweka treni ya umeme ndo nikawaita waliokuwa wananiambia kuwa Dar moto nikawaambia now you can talk.

 

[Farid K]

Makubaliano ndo yako hivyo headquarters za Twiga minerals yatatoka J'burg kuja Mwanza na ikiwemo ujenzi wa gold/metals refinery (in partnership na GoT) na magawanyo ya faida 50/50 , GoT 16% stake at Twiga minerals! Na kutumia local banks pia! We unafikiria kwanini serikali inaweka mkazo ku-improve infrastructure Mwanza SGR, Mwanza Airport, ferries? To be ready to host those big offices!

Tanzania and Barrick Gold Formalize the Establishment of Twiga Minerals Corporation

TOPICS:Tanzania Gold Barrick Twiga Minerals Corporation Tanzania agreement

JANUARY 27, 2020

On 24th January 2020, Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) and the Government of Tanzania (GoT) signed the agreements to ratify the creation of Twiga Minerals Corporation, the management company jointly owned by the GoT and Barrick, that will oversee the management of Barrick’s mining operations in the country.

The new company is owned for 84% by Barrick and 16% by the GoT, and is based on 50/50 sharing of the economic benefits generated by the mining operations after the recoupment of capital investments.

In addition, Barrick will partner with the University of Dar es Salaam and commit up to USD 10 million in funding over a 10-year period for training and skills development in the mining industry, and will also commit up to USD 40 million to upgrade the road between the Bulyanhulu gold mine and Mwanza as well as constructing a housing compound and related infrastructure.

Twiga Minerals will also work on a local supplier strategy as well as a community development plan to create sustainable economic opportunities for the people around its mines.

The new company is the result of a dispute between Acacia Mining, a former subsidiary of Barrick and Tanzania’s largest gold producer, and the GoT since May 2017 when a presidential committee accused the company to have under-declared its mineral exports and eventually presented it with a demand for USD 190 billion in unpaid taxes.

During the signing ceremony, President Magufui congratulated Barrick Gold Corporation’s negotiating team by reaching this point, he has assured them that Tanzania will continue to be a great place for investment.

He also ordered the auctioning of the 200 gold sand containers pertaining to Acacia Mining that were seized at the port of Dar es Salaam in 2017, for sale through Twiga Minerals Corporation.

Meanwhile, three mining company has recently served the GoT with dispute notices relating to some of their mining projects in Tanzania.

Read more at: Tanzania and Barrick Gold Formalize the Establishment of Twiga Minerals Corporation - TanzaniaInvest and follow us on www.twitter.com/tanzaniainvest



The Launch of Twiga Minerals Heralds Partnership Between Tanzanian Government and Barrick



Press Release

PDF Format (opens in new window)

All amounts expressed in US dollars​

DAR ES SALAAM, Tanzania, Oct. 20, 2019 (GLOBE NEWSWIRE) -- The government of Tanzania (“GoT”) and Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) have reached an agreement to settle all disputes between the GoT and the mining companies formerly operated by Acacia but now managed by Barrick. The final agreements have been submitted to the Tanzanian Attorney General for review and legalization.​

The terms of the agreement include the payment of $300 million to settle all outstanding tax and other disputes; the lifting of the concentrate export ban; the sharing of future economic benefits from the mines on a 50/50 basis; and the establishment of a unique, Africa-focused international dispute resolution framework.​

In conjunction with the finalization of the agreement, a new operating company called Twiga Minerals Corporation (“Twiga”) has been formed to manage the Bulyanhulu, North Mara and Buzwagi mines. (Twiga is the Swahili word for giraffe, Tanzania’s national symbol.) The GoT will acquire a free carried shareholding of 16% in each of the mines and will receive its half of the economic benefits from taxes, royalties, clearing fees and participation in all cash distributions made by the mines and Twiga. An annual true-up mechanism will ensure the maintenance of the 50/50 split.​

Speaking after a meeting with the chairman of the Negotiating Committee of the Government of Tanzania, Prof Palamagamba Kabudi, Barrick president and chief executive Mark Bristow said the agreements introduced a new era of productive partnership with the GoT and would ensure that Tanzania and its people would share fully in the value created by the mines they hosted. It also marked the end of the long impasse between the GoT and Acacia which had led, among other things, to the closure of North Mara and the freezing of export concentrate from the two other operations.​

Barrick took over the management of the mines after its buy-out of the Acacia minorities last month. Since then it has negotiated the re-opening of North Mara and is engaging with the mines’ host communities to restore their social license.​

“Rebuilding these operations after three years of value destruction will require a lot of work, but the progress we’ve already made will be greatly accelerated by this agreement. Twiga, which will give the government full visibility of and participation in operating decisions made for and by the mines, represents our new partnership not only in spirit but also in practice,” Bristow said.​

He noted that Tanzanian nationals were already being employed and trained to replace expatriate staff as had been done very successfully at Barrick’s other African operations.​

Barrick Enquiries​

Mark Bristow President and CEO +1 647 205 7694 +44 788 071 1386​

Graham Shuttleworth Senior Executive Vice-President and Chief Financial Officer​ +1 647 262 2095 +44 779 771 1338​

Kathy du Plessis Investor and Media Relations +44 20 7557 7738 barrick@dpapr.com​

https://www.barrick.com/English/new...nerals-Heralds-Partnership-Between-Tanzanian-

Yeah this is great. Imekaa vizuri .

 

[Cannabis]

What about Dar-is-Slum.Slum city

 

[Geza Ulole]

Yeah this is great. Imekaa vizuri .

 

[Tony254]

Sina haja ya kujua wewe ni nani. Na zaidi ni heri hata usingetaja kuwa ni mchumi, maana si tu umeonesha ulikwenda shule/chuo kupigia wenzako kelele bali pia unaharibu sifa ya shule/chuo ulichosoma

Wewe huwezi kunifunza jambo lolote kuhusu mambo ya uchumi. Eti sasa unanifunza tofauti kati ya Gdp na Gdp per capita, jambo ambalo tunasoma tukiwa first year kwa course la macroeconomics. Tuliza nyege dogo, hujui mengi duniani.

 

[Tony254]

Mm huwezi niambia chochote, yn mtu akiniambia tu mji fulani uko vzr, bac huwa naanza kuuliza huo mji una treni ya umeme? Km hauna basi kwng mm huwa na u discredit, hii Dar yenyewe nilikuwa sielewi wala nn ila baada ya kuweka treni ya umeme ndo nikawaita waliokuwa wananiambia kuwa Dar moto nikawaambia now you can talk.

Dar haina electric train. Wacha kuota mchana.

 

[mbu wa dengue]

Hii barabara ya ubongo haijawahi kukamilika?

Angalia attachment hiyo chini

 

[The best 007]

Dar haina electric train. Wacha kuota mchana.

I can feel ur pain[emoji116][emoji116][emoji3][emoji3]

 

[The best 007]

Unaleta data mfu hapa unaota mchana ww, tafuta mahali imeandikwa kuna slums Tanzania nafunga accnt Jf, [emoji116][emoji116][emoji3][emoji3]

 

[Tony254]

Angalia attachment hiyo chiniView attachment 1463267

Hii ikifanyika kwamba magari yatapita juu kesho basi uje uposti video hapa.

 

[Tony254]

I can feel ur pain[emoji116][emoji116][emoji3][emoji3]View attachment 1463281

Unajua neno train inamaana gani ama lazima nitafsiri kwa lugha ya kiswahili? Mbona unanionyesha electric poles? Nabakia na kauli yangu kuwa Dar haina electric train

 

[passioner255]

Kenya tuko vizuri kuzidi mataifa yote ukanda huu na lazima tuwakumbushie hili kila siku, msiotaka kuskia acheni kusoma taarifa za Kenya mtapata amani.

Mko vizuri kwa slums,Rushwa,njaa ,huduma mbovu za jamii nyie ni bure kabisa