Geza Ulole
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Mining and oil and gas reforms, a comparison between Kenya and Tanzania
Mining and oil and gas reforms, a comparison between Kenya and Tanzania
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Geza Ulole
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Mwanza Precious metels refinery U/C
Gold refinery completion, exports set for September
ippmedia.com/en/news/gold-refinery-completion-exports-set-september
May 14, 2020
14May 2020
By Guardian Reporter
Mwanza
News
The Guardian
Gold refinery completion, exports set for September
TANZANIA will start exporting refined gold within the next four months after the completion of the refinery plant in Mwanza.
He said that construction of the plant began two months ago and is currently around 40 percent complete. Its completion will settle the long standing legal issue surrounding non-exporting raw minerals, he stated.
Speaking on amendments to the 2017 Mining Act, Nyongo said the completion of the refinery will go in tandem with the rule that requires traders in minerals not to export raw minerals as all minerals will be refined in the country to increase their value. They are expected to fetch good prices in the world market, he said.
Nyongo said he was pleased with supervision by the State Mining Corporation (STAMICO) of work on the refinery project, elaborating that he would be making regular visits at the site to ensure it is inaugurated on time.
STAMICO Managing Director, Dr Venance Mwasse, said completion of the project will go in tandem with enabling small miners in gold refining in their areas.
Assistance to be accorded to small miners will assist the refinery getting enough raw materials as it expects to refine 480 kgs of gold per day that will have a purity of 999.99 which is at par with the highest purity levels worldwide.
Dr Mwasse said he and team feel proud to oversee the government’s aim in attaining industrial economy level and that STAMICO is contributing towards that goal in deeds.
The project contractor, Libaan Yasir of Aqe Associates Ltd, said the project was slated to be completed by December last year but resource mobilization pushes the work to be ready come September this year.
In 2017, President John Magufuli banned export of raw, citing the fact that the government was losing much deserved revenue due to poor follow-up on amounts and value of minerals recovered from the sands.
President Magufuli underscored the need to invest in smelters in Tanzania instead of exporting gold sands to recover minerals. He said among all countries blessed with large amounts of minerals, only Tanzania shipped its valuable sands abroad.
Tanzania is Africa’s fourth-biggest gold producer after South Africa, Ghana and Mali.
The government collected 301bn/- in mining revenue in the 2017/2018 fiscal year, a figure that rose to 310bn/- in 2018/2019. Existing plans projected collecting 470bn/- in the 2019/2020 financial year.
#UkaidiwaWatanzania#
#Akilizahandshake#
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Gold refinery completion, exports set for September
May 14, 2020
14May 2020
By Guardian Reporter
Mwanza
News
The Guardian
Gold refinery completion, exports set for September
TANZANIA will start exporting refined gold within the next four months after the completion of the refinery plant in Mwanza.
Stanslaus Nyongo, the Deputy Minister for Minerals, revealed this yesterday after visiting the refinery project site in Mwanza.
He said that construction of the plant began two months ago and is currently around 40 percent complete. Its completion will settle the long standing legal issue surrounding non-exporting raw minerals, he stated.
Speaking on amendments to the 2017 Mining Act, Nyongo said the completion of the refinery will go in tandem with the rule that requires traders in minerals not to export raw minerals as all minerals will be refined in the country to increase their value. They are expected to fetch good prices in the world market, he said.
Nyongo said he was pleased with supervision by the State Mining Corporation (STAMICO) of work on the refinery project, elaborating that he would be making regular visits at the site to ensure it is inaugurated on time.
STAMICO Managing Director, Dr Venance Mwasse, said completion of the project will go in tandem with enabling small miners in gold refining in their areas.
Assistance to be accorded to small miners will assist the refinery getting enough raw materials as it expects to refine 480 kgs of gold per day that will have a purity of 999.99 which is at par with the highest purity levels worldwide.
Dr Mwasse said he and team feel proud to oversee the government’s aim in attaining industrial economy level and that STAMICO is contributing towards that goal in deeds.
The project contractor, Libaan Yasir of Aqe Associates Ltd, said the project was slated to be completed by December last year but resource mobilization pushes the work to be ready come September this year.
In 2017, President John Magufuli banned export of raw, citing the fact that the government was losing much deserved revenue due to poor follow-up on amounts and value of minerals recovered from the sands.
President Magufuli underscored the need to invest in smelters in Tanzania instead of exporting gold sands to recover minerals. He said among all countries blessed with large amounts of minerals, only Tanzania shipped its valuable sands abroad.
Tanzania is Africa’s fourth-biggest gold producer after South Africa, Ghana and Mali.
The government collected 301bn/- in mining revenue in the 2017/2018 fiscal year, a figure that rose to 310bn/- in 2018/2019. Existing plans projected collecting 470bn/- in the 2019/2020 financial year.
#UkaidiwaWatanzania#
#Akilizahandshake#
CC: Zigi Rizla Kafrican Depay Yosef Festo Teargass Tony254 pingli-nywee komora096 Edward Wanjala kikihboy nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican, Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, Mzee, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11
Geza Ulole
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Gold refinery to open in October
ippmedia.com/en/news/gold-refinery-open-october
August 21, 2019
Currently, gold in the country is refined to 70 or up to 85 percent but with the coming of refineries, one in Dodoma and another in the Lake zone, the industrial mineral will now be refined up to 99.9 percent.
The Minister for Minerals, Doto Biteko who toured the prospective plant yesterday said that once operations begin, the country will be able to establish a national gold reserve as called for in the Mining Act.
The reserve will also enable the Bank of Tanzania (BoT) to purchase and store gold following President John Magufuli’s directive mid-2017.
“The time has come for Tanzanians to start selling refined gold once the plants start operating and when the other plant in the Lake Zone start too,” he said, noting that history will be written and in the future, the country will have lots of gold in reserve just like some developed countries.
At the plant, he was briefed that the construction of the refinery has reached 70 percent and that the remaining work will be completed by October at the latest.
Once the refinery starts work, the government’s six percent royalty in gold will be charged in different forms whereby two thirds of the six percent will be in monetary form and the other third in gold, which will later be refined and taken to the reserve.
Ferenc Molnar, the managing director for Eyes Of Afria Limited, the company installing the plant, said while briefing the minister that the work is scheduled to end late September.
From the start, the plant will be able to process at least 30 kilograms per day but this will increase to one tonne per day by late next year
“There is a lot of gold in Tanzania and the plant will help refine most of it and we are prepared for the challenge ahead,” he said, noting that his work from April this year when the company was issued with a licence to build the plant and refine gold, is a clear indication that the company is on the right track.
Dodoma Regional Commissioner (RC) Benilith Mahenge said at the event that the refinery will help create employment for residents and also bring technology among stakeholders in the sector.
“I thank the government, especially the president for this bold step aimed at improving the minerals sector,” he said.
In July, the government said it had awarded licenses for the construction of a minerals smelter and two gold refineries to Chinese firms, in efforts to generate more revenues from the mining industry.
Biteko said the Chinese companies would also soon be awarded licenses for mines, each of which would require investment worth more than $100 million.
He did not name the firms or give details about the mining or other projects, an interesting decision as Tanzania is Africa's fourth-biggest gold producer after South Africa, Ghana and Mali.
The government banned the export of mineral sand in March 2017, a concentrate that contains silver, copper, gold and other minerals hitherto unaccounted for, a key aspect in a $190 billion tax dispute with Acacia Mining, the major gold producer locally.
The government invited bids from mining firms to build smelters and refineries, although the Tanzania Chamber of Mines has said such projects would not be economical.
Biteko said 37 Chinese companies had expressed interest.
"After carefully assessing the financial capability and history of those companies, we have issued licenses for the construction of two gold refineries and a smelter," he said.
"We will also soon award special mining licenses to two companies to build large-scale mines whose individual investment is above $100 million," he stated.
The minister was speaking in a State House during which a Kenyan government delegation handed back 35kg of gold and a pile of currencies it intercepted after the valuables were smuggled out of Tanzania.
The government has set up 28 mineral trading centers since March to ensure that gemstones are sold locally and proper revenue is collected especially from small-scale miners.
Gold worth a total of 136.7 billion/- has been traded through the new auction centers since March and the government has collected 7.7 billion shillings royalty and clearance fees.
August 21, 2019
Currently, gold in the country is refined to 70 or up to 85 percent but with the coming of refineries, one in Dodoma and another in the Lake zone, the industrial mineral will now be refined up to 99.9 percent.
The Minister for Minerals, Doto Biteko who toured the prospective plant yesterday said that once operations begin, the country will be able to establish a national gold reserve as called for in the Mining Act.
The reserve will also enable the Bank of Tanzania (BoT) to purchase and store gold following President John Magufuli’s directive mid-2017.
“The time has come for Tanzanians to start selling refined gold once the plants start operating and when the other plant in the Lake Zone start too,” he said, noting that history will be written and in the future, the country will have lots of gold in reserve just like some developed countries.
At the plant, he was briefed that the construction of the refinery has reached 70 percent and that the remaining work will be completed by October at the latest.
Once the refinery starts work, the government’s six percent royalty in gold will be charged in different forms whereby two thirds of the six percent will be in monetary form and the other third in gold, which will later be refined and taken to the reserve.
Ferenc Molnar, the managing director for Eyes Of Afria Limited, the company installing the plant, said while briefing the minister that the work is scheduled to end late September.
From the start, the plant will be able to process at least 30 kilograms per day but this will increase to one tonne per day by late next year
“There is a lot of gold in Tanzania and the plant will help refine most of it and we are prepared for the challenge ahead,” he said, noting that his work from April this year when the company was issued with a licence to build the plant and refine gold, is a clear indication that the company is on the right track.
Dodoma Regional Commissioner (RC) Benilith Mahenge said at the event that the refinery will help create employment for residents and also bring technology among stakeholders in the sector.
“I thank the government, especially the president for this bold step aimed at improving the minerals sector,” he said.
In July, the government said it had awarded licenses for the construction of a minerals smelter and two gold refineries to Chinese firms, in efforts to generate more revenues from the mining industry.
Biteko said the Chinese companies would also soon be awarded licenses for mines, each of which would require investment worth more than $100 million.
He did not name the firms or give details about the mining or other projects, an interesting decision as Tanzania is Africa's fourth-biggest gold producer after South Africa, Ghana and Mali.
The government banned the export of mineral sand in March 2017, a concentrate that contains silver, copper, gold and other minerals hitherto unaccounted for, a key aspect in a $190 billion tax dispute with Acacia Mining, the major gold producer locally.
The government invited bids from mining firms to build smelters and refineries, although the Tanzania Chamber of Mines has said such projects would not be economical.
Biteko said 37 Chinese companies had expressed interest.
"After carefully assessing the financial capability and history of those companies, we have issued licenses for the construction of two gold refineries and a smelter," he said.
"We will also soon award special mining licenses to two companies to build large-scale mines whose individual investment is above $100 million," he stated.
The minister was speaking in a State House during which a Kenyan government delegation handed back 35kg of gold and a pile of currencies it intercepted after the valuables were smuggled out of Tanzania.
The government has set up 28 mineral trading centers since March to ensure that gemstones are sold locally and proper revenue is collected especially from small-scale miners.
Gold worth a total of 136.7 billion/- has been traded through the new auction centers since March and the government has collected 7.7 billion shillings royalty and clearance fees.
Geza Ulole
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Geza Ulole
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Tanzania to Construct a Crude Oil Pipeline in 2021
By Sihle Qekeleshe, Junior Sub-Editor on May 13, 2020
Image: uptymes
Tanzania’s Minister of Energy Dr. Medard Kalemani has announced the construction of a major crude oil pipeline from Hoima in Uganda to Tanga in Tanzania. The construction of the pipeline will begin in April 2021.
The pipeline will be 1,445Km long and will cost $3.5 billion. Speaking at Tanzania’s National Assembly last week Dr. Kalemani said that an environmental audit has been completed and communities close to the pipeline will be compensated.
The Minister said the project is still waiting for a final investment decision and the priority now is to complete the host government agreements (HGA), a shareholders’ agreement (SHA), a land lease agreement (LLA) and a port agreement (PA).
“The priorities during the incoming financial year is to complete these agreements and compensation of affected people,” he noted.
The East African Crude Oil Pipeline was scheduled to begin in January 2017 and be completed in 2020, but was delayed due to disagreements on the provisions of the HGA, SHA and transportation tariffs.
The project is said to be an important source of revenue generation, job creation and increasing fuel availability in areas the pipeline passes.
Tanzania to Construct a Crude Oil Pipeline in 2021
By Sihle Qekeleshe, Junior Sub-Editor on May 13, 2020
Image: uptymes
Tanzania’s Minister of Energy Dr. Medard Kalemani has announced the construction of a major crude oil pipeline from Hoima in Uganda to Tanga in Tanzania. The construction of the pipeline will begin in April 2021.
The pipeline will be 1,445Km long and will cost $3.5 billion. Speaking at Tanzania’s National Assembly last week Dr. Kalemani said that an environmental audit has been completed and communities close to the pipeline will be compensated.
The Minister said the project is still waiting for a final investment decision and the priority now is to complete the host government agreements (HGA), a shareholders’ agreement (SHA), a land lease agreement (LLA) and a port agreement (PA).
“The priorities during the incoming financial year is to complete these agreements and compensation of affected people,” he noted.
The East African Crude Oil Pipeline was scheduled to begin in January 2017 and be completed in 2020, but was delayed due to disagreements on the provisions of the HGA, SHA and transportation tariffs.
The project is said to be an important source of revenue generation, job creation and increasing fuel availability in areas the pipeline passes.
Tanzania to Construct a Crude Oil Pipeline in 2021
Geza Ulole
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Total-Tullow oil sales deal awaits Cabinet approval
MONDAY MAY 18 2020
The deal will see Tullow exit Uganda after 16 years of operation. File Photo
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By BY FREDERIC MUSISI
Last month’s French oil giant Total E&P acquisition of Anglo-Irish Tullow assets awaits Cabinet approval before it can be endorsed by government, the Ministry of Energy has said.
Dr Goretti Kitutu, the Energy minister, last Friday said they are “waiting for this clearance” before the next step can be decided.
Ms Kitutu also showed optimism that they were looking at Final Investment Decision (FID) by the oil companies taken by August or latest, by the end of the year, especially following the Total E&P/Tullow sales deal, which once approved, will allow investment decisions to start.
The deal will see Tullow exit Uganda after 16 years of operation.
Total E&P announced last month that it had acquired Tullow’s remaining 33.33 per cent stake for Shs2.1 trillion ($575m), with Shs1.8 trillion ($500m) paid once the deal has been approved by government, and the balance of Shs780 billion ($75m) paid whenever the FID has been reached.
Contrary to government’s optimism, it is, however, unlikely that FID will be taken this year.
FID is an agreement on capital investments on a long-term project when the money for the project is availed and the project execution commences.
To start oil production, projections show that the oil companies, Total E&P and Cnooc, have to invest a minimum capital of $10b (Shs36 trillion); $6.7b (about Shs24 trillion in developing the oil fields—Tilenga fields in Nwoya/Buliisa districts and Kingfisher in Kikuube, and $3.55b (Shs13 trillion), for the export pipeline from Hoima to Tanga in Tanzania.
First oil production, both government and oil companies, say is three years from FID, which remains uncertain now.
With the Tullow acquisition out of the way, the next headache for government is the lingering issues on the crude oil pipeline, whose economics is now being questioned by Cnooc.
On Friday, Dr Kitutu, however, maintained that they are on steady progress towards first commercial oil production.
The minister made the remarks at the inauguration of the new oil sector regulator—Petroleum Authority of Uganda—a seven-member board whose tenure will run until 2024.
The members are Dr Jane Mulemwa, Mr Bernard Ongodia, Ms Doreen Kabasindi, Mr Kiryowa Kiwanuka, Dr Kevin Aanyu, Dr Noble Banadda, and Ms Lynda Biribonwa.
With the country revving for oil production, Dr Mulemwa said chronic underfunding for institutions like PAU that are meant to monitor the different activities is an obstacle.
She also cited adamancy by some oil companies as another challenge in their way.
musisif@ug.nationmedia.com
Total-Tullow oil sales deal awaits Cabinet approval
MONDAY MAY 18 2020
The deal will see Tullow exit Uganda after 16 years of operation. File Photo
ADVERTISEMENT
By BY FREDERIC MUSISI
Last month’s French oil giant Total E&P acquisition of Anglo-Irish Tullow assets awaits Cabinet approval before it can be endorsed by government, the Ministry of Energy has said.
Dr Goretti Kitutu, the Energy minister, last Friday said they are “waiting for this clearance” before the next step can be decided.
Ms Kitutu also showed optimism that they were looking at Final Investment Decision (FID) by the oil companies taken by August or latest, by the end of the year, especially following the Total E&P/Tullow sales deal, which once approved, will allow investment decisions to start.
The deal will see Tullow exit Uganda after 16 years of operation.
Total E&P announced last month that it had acquired Tullow’s remaining 33.33 per cent stake for Shs2.1 trillion ($575m), with Shs1.8 trillion ($500m) paid once the deal has been approved by government, and the balance of Shs780 billion ($75m) paid whenever the FID has been reached.
Contrary to government’s optimism, it is, however, unlikely that FID will be taken this year.
FID is an agreement on capital investments on a long-term project when the money for the project is availed and the project execution commences.
To start oil production, projections show that the oil companies, Total E&P and Cnooc, have to invest a minimum capital of $10b (Shs36 trillion); $6.7b (about Shs24 trillion in developing the oil fields—Tilenga fields in Nwoya/Buliisa districts and Kingfisher in Kikuube, and $3.55b (Shs13 trillion), for the export pipeline from Hoima to Tanga in Tanzania.
First oil production, both government and oil companies, say is three years from FID, which remains uncertain now.
With the Tullow acquisition out of the way, the next headache for government is the lingering issues on the crude oil pipeline, whose economics is now being questioned by Cnooc.
On Friday, Dr Kitutu, however, maintained that they are on steady progress towards first commercial oil production.
The minister made the remarks at the inauguration of the new oil sector regulator—Petroleum Authority of Uganda—a seven-member board whose tenure will run until 2024.
The members are Dr Jane Mulemwa, Mr Bernard Ongodia, Ms Doreen Kabasindi, Mr Kiryowa Kiwanuka, Dr Kevin Aanyu, Dr Noble Banadda, and Ms Lynda Biribonwa.
With the country revving for oil production, Dr Mulemwa said chronic underfunding for institutions like PAU that are meant to monitor the different activities is an obstacle.
She also cited adamancy by some oil companies as another challenge in their way.
musisif@ug.nationmedia.com
Total-Tullow oil sales deal awaits Cabinet approval
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Sijawai ona mtazamo mbovu kama huu....unatak kumanisha mvua zinavyo nyesha na kufurika kweny mabarabara n sehem za majumba dubai pia mindombinu ni mibovu?[emoji23][emoji1787][emoji848][emoji848]
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