The fact here is not about indemnifying foreign investors. it is about integrity! We cannot persevere our economy's exploitation from foreigners simply because they are foreigners. Once we realize that the scale / magnitude of shortfalls in our mining laws is high or unbearable, we should immediately take the needful regulatory steps!
Umerudi tena! I am actually not relying on foreign investors, but emphasising on a good environment for both parties including the government itself. Because there's an issue when poor policies lead to a reduction in the knowledge of mineral potential, thereby affecting the responses of potential investors as well.
In fact, it's important to make a particular points of highlighting such differing views in the regulatory steps.
On the contrary, reality, economically, geologically, the mining industry is an important contributor to Tanzania's economy and to economies around the world.
Your last sentence makes me laugh to my last guts! Anyway, I know the affirmative effectiveness of mining industry to our country's economy and it is not that I disregard it but that we need to regulate the huddles that cause the disadvantages. Nonetheless, can't it wait until we get potential regulations which will match with potential investors? How long have we lived without potential mining industry? And if we are not ready yet now, can't we hold it until then (for the coming potential generation)?
Your last sentence makes me laugh to my last guts! Anyway, I know the affirmative effectiveness of mining industry to our country's economy and it is not that I disregard it but that we need to regulate the huddles that cause the disadvantages. Nonetheless, can't it wait until we get potential regulations which will match with potential investors? How long have we lived without potential mining industry? And if we are not ready (serious) yet now, can't we hold it until then (for the coming potential generation)?
Sure.
Why you avoid to mention the government?
And who doctored those abnormalities?
How can we experience the difference while our government is plagued by inconsistent regulations and unclear laws of mining?
Hey my brother from another mother, it is not that I am avoiding to mention the government but that I am trying to show how lack of integrity can mar the name of the government.
The center or the orbit is very clear. The man and the culture when they
Reveal it.
And so tell why are we still poor and disrespected nation on this globe? While we are the richest country on this continent with those natural resources including natural gas and mineral.
How about those around the agreements? Aren't they rich? If they are, then that is what makes me say: integrity is far most needed to make this country rich!
Whom one? We're discussing mining issues in our country, I mean Tanzania and our position around the globe.
The only thing that matters is a good governance that gets the job done. The marriage of mining sector and good governance is inevitable, you cannot separate it.
Definitely yes. What I meant here was about those who were around mining agreements which were signed without considering our nation's benefits simply because of selfishness and which, resulted in what we are bumping into. Lack of integrity!
The main problem is government itself, not individuals!
It is eager to note that different segments of the mining industry [exploration, mining & processing] face different challenges. Yet many of the challenges the different segment faces are similar, so it's important to avoid political myths and strive in professional ethics.
Bear in mind that there is no fixed formula in tackling challenges though at some point and time, we need to adhere to principles, i.e ethics, integrity, beliefs, etc thus patronizing vision, mission and objectives of our well being. Together with all existing challenges to mining industry, we are not bound to ignore the shortfalls or discrepancies that have been caused by those who are under the umbrella of government to mar the good name of our government for selfishness.
Which blahblah and which stealing do you refer to, rafiki? Are you trying to say: the recent Mining Laws' amendment is blah blah?
Let us start from you. Are you awake? If you are, I hope you would have seen things in a different way!
It looks strange to me when it comes to mineral engineers having their own rules and regulations which are not in line with Mining Act. But it also disturbs my mind when you say the laws are established without considering technical aspects, of which, you want to tell us that; "the law makers (parliamentarians) are arrogant and ignorant"!
Have you go through the MINING ACT?. Or are you aware of Society for Mining, Metallurgy and Exploration [ SME ]?
This is nothing compared to scientific arguments and approval. The Tanzania Parliament goes out its way to be boring as hell.
Hmm! We have to bear in mind that, It's not healthy to politicize everything especially when it comes to extractive industry.
What you term wrong and bad direction is what is the right path!
You're just trolling on JF! What are the causes-and-effects of those amendments?.
What are the major means of protection stated in MINING ACT?.