Strandline isn’t hopping out of Tanzania despite permit delays

[Geza Ulole]

Will Tanzania welcome back miners under new conditions? Pic: Getty

Strandline isn’t hopping out of Tanzania despite permit delays
Resources

11 hours ago | Angela East



While some Aussie miners have exited Tanzania due to delays in permits and legislative uncertainty, Strandline Resources has no problems declaring its commitment to the east African country.

Last July the local government introduced amendments to the Tanzanian Mining Act 2010 including potential renegotiation of agreements, a required 16 per cent government ownership of mining projects and the right to acquire up to half of mining companies under some conditions.

Junior gold player Manas Resources (ASX:MSR) revealed last week that it had backed out of a project a year after striking the deal because it was still no closer to completing the transfer of licences due to restrictions in place in Tanzania.

But mineral sands miner Strandline Resources (ASX:STA) looks to be staying in Tanzania for potentially the next 40 years, according to managing director Luke Graham.

“For me it’s short-term delay for long-term improvement in the sector,” he told investors at the Resources Rising Stars conference in Queensland’s Gold Coast.

“We can see ourselves in Tanzania for two to three, maybe four decades and we’re happy it’s happening now rather than later.”

Strandline is still waiting on the mining licence for its Fungoni project.

The newly appointed mining commission has now reportedly approved 7000 mining licences.

“That’s a bit of a long time coming for me, but it’s really only about nine months after Tanzania brought in probably the well overdue mining reform in the sector,” Mr Graham said.

Strandline Resources (ASX:STA) shares over the past year.
Mr Graham told Stockhead last month that Strandline was expected to be one of the early applications processed under the new regime.

Strandline’s $US30 million ($39.8 million) Fungoni project, which is located about 25km from Dar es Salaam port, is expected to produce 2 million tonnes each year of heavy mineral sands including ilmenite, rutile and zircon.

Ilmenite is the main source of titanium dioxide, which is used in paints, fabrics, plastics, paper, sunscreen, food and cosmetics.

Zircon, meanwhile, has a high melting point, making it ideal for use in engines, electronics, spacecraft and the ceramics industry.

Rutile is also used in the manufacture of ceramics, as a pigment, and for the production of titanium metal.

A definitive feasibility study released in October last year estimated the six-year mine would deliver total revenue of $US168 million, with payback in less than three years.

Once Strandline has the mining licence in hand, it expects to spend around two to three months locking down debt and equity funding for the project.

https://stockhead.com.au/resources/strandline-isnt-hopping-out-of-tanzania-despite-permit-delays/

 

[Mwanzi1]

Katika watu waliotafuna utajiri wa Tanzania, Australian briefcase companies wamejitajirisha sana. Acha serikali iwabane matapeli na wababaishaji.

 

[NairobiWalker]

Katika watu waliotafuna utajiri wa Tanzania, Australian briefcase companies wamejitajirisha sana. Acha serikali iwabane matapeli na wababaishaji.

Tanzania ni nchi ya kutafunwa tu. Hivi saa hii Tanzania yafaa kuwa Tajiri hata kushinda SA ukizingatia resources zake yet bado iko LDC kama Somalia.

 

[Mwanzi1]

Tanzania ni nchi ya kutafunwa tu. Hivi saa hii Tanzania yafaa kuwa Tajiri hata kushinda SA ukizingatia resources zake yet bado iko LDC kama Somalia.

Kila kitu kina wakati wake, Kenya ilitakiwa kuwa nchi isio na mafisadi kama Finland, lakini ndio kwanza mnaaza kukamata visamaki vidogo wakati samaki wakubwa wa mafisadi wako Ikulu wana kula kila siku.

 

[NairobiWalker]

Kila kitu kina wakati wake, Kenya ilitakiwa kuwa nchi isio na mafisadi kama Finland, lakini ndio kwanza mnaaza kukamata visamaki vidogo wakati samaki wakubwa wa mafisadi wako Ikulu wana kula kila siku.

Heri sisi tunakamata tunajizatiti. Nyie hata hamjui mnatafunwa. Mko kwenye denial.

 

[Naby Keita]

Heri sisi tunakamata tunajizatiti. Nyie hata hamjui mnatafunwa. Mko kwenye denial.

Ufisadi mnaongoza, idadi ya wasio na kazi mnaongoza huo uchumi wenu una wenyewe

 

[NairobiWalker]

Ufisadi mnaongoza, idadi ya wasio na kazi mnaongoza huo uchumi wenu una wenyewe

Uzuri wetu sisi hukubali weakness zetu. Ndio ufisadi tunao ila tunaupigana siku kucha usiku kuchwa. Wakenya ni watu wa kujituma sana ndio maana hata with corruption and little natural resources bado tuko kileleni mwa Afrika Mashariki na kati

 

[Naby Keita]

Uzuri wetu sisi hukubali weakness zetu. Ndio ufisadi tunao ila tunaupigana siku kucha usiku kuchwa. Wakenya ni watu wa kujituma sana ndio maana hata with corruption and little natural resources bado tuko kileleni mwa Afrika Mashariki na kati

Mnajituma sababu kwenye nchi yenu mnaishi kama watumwa lazima uhangaike sana ili uweze ku survive ....huko mzawa anaishi kama mkimbizi lazima uishi roho juu juu watu wengi huko wanajituma sana sema ndo hivo kutoboa ishu kuna watu washashika mipini wanawakamua wengine kuanzia sehemu ya kuishi hadi kula kwenu ni shida shida tu kua juu kwa uchumi wa namba tu sio shida ishu huko wananchi wa kawaida wanaishi vipi hapo ndo mpango watu wamepigika huko wengi wakiona mzungu wanaona kama mkombozi kafika

 

[KENPAULITE]

Mnajituma sababu kwenye nchi yenu mnaishi kama watumwa lazima uhangaike sana ili uweze ku survive ....huko mzawa anaishi kama mkimbizi lazima uishi roho juu juu watu wengi huko wanajituma sana sema ndo hivo kutoboa ishu kuna watu washashika mipini wanawakamua wengine kuanzia sehemu ya kuishi hadi kula kwenu ni shida shida tu kua juu kwa uchumi wa namba tu sio shida ishu huko wananchi wa kawaida wanaishi vipi hapo ndo mpango watu wamepigika huko wengi wakiona mzungu wanaona kama mkombozi kafika

Hahaha ignorance at its best definition"another one"

 

[Naby Keita]

Hahaha ignorance at its best definition"another one"

Mngekua mna akili mngeishi kwenye nchi ambayo hata kupata kakipande cha ardhi kwa mzawa ni shida

 

[NairobiWalker]

Mnajituma sababu kwenye nchi yenu mnaishi kama watumwa lazima uhangaike sana ili uweze ku survive ....huko mzawa anaishi kama mkimbizi lazima uishi roho juu juu watu wengi huko wanajituma sana sema ndo hivo kutoboa ishu kuna watu washashika mipini wanawakamua wengine kuanzia sehemu ya kuishi hadi kula kwenu ni shida shida tu kua juu kwa uchumi wa namba tu sio shida ishu huko wananchi wa kawaida wanaishi vipi hapo ndo mpango watu wamepigika huko wengi wakiona mzungu wanaona kama mkombozi kafika

Mbona maisha yetu mazuri kuliko yenu?

 

[Naby Keita]

Mbona maisha yetu mazuri kuliko yenu?

Haha waambie ambao hawajawahi kufika huko maisha mazuri kwa baadhi tu tena kwa hapo Nairobi ila wengi huko jau maisha ya kuunga unga tu

 

[NairobiWalker]

Haha waambie ambao hawajawahi kufika huko maisha mazuri kwa baadhi tu tena kwa hapo Nairobi ila wengi huko jau maisha ya kuunga unga tu

Nakwambia wewe zuzu maana hujui lolote

 

[Naby Keita]

Nakwambia wewe zuzu maana hujui lolote

Zuzu wewe unaeshindia kwenye fulu suti na kuja kutoa stress zako huku hamna wazungu huku wewe wakukupatia githeri na parachichi

 

[KENPAULITE]

Mngekua mna akili mngeishi kwenye nchi ambayo hata kupata kakipande cha ardhi kwa mzawa ni shida

Ignorance season 2 continues

 

[Naby Keita]

Ignorance season 2 continues

Tulia hadi ifike ya 10 wewe Paulina