Winshear Gold Corp. v. United Republic of Tanzania (ICSID Case No. ARB/20/25): Taarifa Fupi (Sehemu ya kwanza kama iliyovyoandikwa na ChatGPT)

[MbantuOG]

Summary
📋 Tanzania expropriated the SMP gold project, a 12-year-long investment to explore and develop a gold mine, without offering prompt, adequate, and effective compensation, violating the Canada-Tanzania bilateral investment treaty.

Facts

• Tanzania attracted foreign mining investments in its mineral sector for two decades.
• President Magufuli's government initiated an economic war on mining companies, leading to a radical shift in policy.
• The government retroactively canceled the claimant's license and abolished the entire retention license category without proper compensation.
• The SMP gold project had invested millions in exploring and discovering gold deposits, receiving financial support from the IFC.
• Tanzania's actions denied both the claimant and its own people the benefits of the investment without clear evidence of rational policy goals.🔹 Barrick Gold Corporation ni kampuni kubwa ya madini duniani na inamiliki migodi mitatu mikubwa ya dhahabu nchini Tanzania.

🔹 Rais Megan alianzisha vita dhidi ya kampuni ya Acacia na kampuni zingine za kigeni za uchimbaji madini nchini Tanzania mnamo mwaka 2016.

🔹 Hatua za Tanzania zilisababisha madhara kwa kampuni za kigeni, ikiwemo Barrick Gold.

🔹 Mwaka 2017, Tanzania ilitaka kutoza faini ya dola bilioni 190 kwa kampuni ya Acacia kwa tuhuma za kutolipa kodi.

🔹 Hatua za Tanzania zilisababisha mgogoro mkubwa katika sheria ya madini na hali ya kutoeleweka kwa wawekezaji.

🔹 Kampuni ya Barrick ilijaribu kutatua mgogoro na serikali ya Tanzania kupitia makubaliano, lakini hawakupata ufumbuzi.

🔹 Serikali ya Tanzania ilibadilisha sheria na kufuta leseni za kampuni ya Barrick, ikisababisha madhara kwa uwekezaji wao.

🔹 Serikali ya Tanzania ilifanya zabuni ya kuuza eneo la mgodi wa Barrick kwa mnunuzi mwingine, ambayo ilithibitisha kuwa ni upokonyaji wa mali ya kampuni.

🔹 Serikali ya Tanzania inadai kwamba vitendo vyake vya kufuta leseni hazikuwa ukiukwaji wa mkataba, lakini kampuni ya Barrick inadai kuwa vitendo hivyo vilikiuka haki zake za uwekezaji.🏛️ Ministry ya Madini
🧠 Suala la madai linahusu udanganyifu wa kupitishwa kwa leseni ya ukusanyaji madini.
🤔 Tanzania inadai kuwa leseni iliyotolewa haikuwa halali na inategemea ushahidi wa mwanazuoni Mr. Inrumah.
👉 Mapendekezo yaliyotolewa na kamati ya uchunguzi hayajafichuliwa na Tanzania.
📊 Kampuni iliyowasilisha maombi ya leseni ilijumuisha ripoti ya kiuchumi ya mradi wa madini.
🔍 Wataalam wa Tanzania waliidhinisha maombi hayo na kuamini kuwa kampuni ilistahili leseni.
💼 Baadaye, kampuni ilianzisha malalamiko yake kuhusu leseni zilizofutwa na Tanzania.
📚 Tanzania haikutoa ushahidi wa kutosha kujibu madai ya kampuni.
💰 Kampuni inadai fidia ya dola milioni 116 kwa uharibifu uliosababishwa na hatua za Tanzania.🛠️ Kwanza, tangu 2012, mradi huo ulikabiliwa na masuala mawili:

📉 Kupungua kwa bei ya dhahabu:

• Bei ya dhahabu ilishuka kutoka 2012 na kuendelea hadi 2019, hali ambayo ilifanya uchunguzi wa kiuchumi wa mradi kuwa mgumu.
• Kushuka kwa bei ya dhahabu kulilazimisha kampuni kutathmini upya uwezekano wa mradi katika mazingira ya bei ya chini ya dhahabu.

🔒 Kuingiliwa kwa wachimbaji haramu:

• Kutoka 2012, wachimbaji haramu walileta usumbufu mkubwa kwa mradi huo.
• Serikali ilishindwa kuchukua hatua za kutosha kuzuia kuingilia kwa wachimbaji haramu, ambao walizuia uchunguzi wa maeneo muhimu ya madini.
• Kupambana na wachimbaji haramu kulifanya kupata ufadhili kutoka kwa wawekezaji kuwa mgumu zaidi.

📜 Sheria za kuchimba madini za Tanzania ziliruhusu kampuni kupata leseni ya "retention license":

• Leseni hii iliruhusu kampuni kudumisha umiliki wa mradi ikiwa haiwezi kuuendeleza mara moja kwa sababu za kiufundi au kiuchumi.
• Kampuni ililazimika kuwasilisha taarifa za kiufundi na tathmini kutoka kwa wataalamu huru kuthibitisha umuhimu wa mradi huo.

⚖️ Hata hivyo, serikali ilianza kufanya madai kuwa kampuni haikuwa na haki ya kupata leseni hizo:

• Madai hayo hayakuwa na msingi wa kisheria na yalitolewa baada ya muda mrefu tangu kampuni kuwasilisha maombi ya leseni.
• Kampuni ilikuwa wazi na kutoa taarifa zote muhimu katika maombi yake.

📄 Kampuni ilikuwa na uthibitisho wa kutosha kwa umuhimu wa mradi wake, lakini serikali ilikuwa na mtazamo tofauti.
📈 Market conditions:

• In 2016, the gold market was depressed, affecting project financing.
• Tanzania's populist campaign against foreign mining companies, including harassment and tax audits, caused uncertainty for investors.

⚙️ Technical and economic factors:

• The claimant pursued development of the project under SMP retention licenses.
• The claimant raised funds to improve the project's mineral resources and conduct drill programs.
• Tanzania imposed measures on Acacia, affecting other mining companies' ability to raise funds.

🏭 Impact of mining operations on the environment:

• The ban on exporting unprocessed gold and copper ore in March 2017 affected all mining companies, including the claimant's exploration activities.
• Tanzania accused Acacia of tax evasion, leading to legislative changes targeting the mining industry.

📜 Documentary requirements:

• The claimant's applications for retention licenses met all relevant criteria set by the Ministry of Minerals.
• Tanzania did not require a feasibility study before granting the retention licenses.

🚫 Prohibition on exploration:

• Tanzania's position on retention licenses not permitting further exploration or appraisal work was not supported by law or history.
• Former retention license holders, including Acacia, continued their exploration work without objections from the government.

🛑 Expropriation:

• Tanzania's measures against Acacia impacted other mining companies, including the claimant's project, leading to uncertainty and difficulty attracting investment.
• The claimant was affected by the ban on unprocessed ore exports and legislative changes.🛠️ Illegal miners (TJ group) resumed activities in the license area, hindering BTL's work.

🤷 District commissioner's response: No work until TJ money is paid.

💔 Government's action damaged the project and forced claimant to seek extension of retention licenses.

💼 Shanta Gold proposed a merger with the claimant during a vulnerable period.

💬 Negotiation was one-sided, claimant entitled to less than 10% of combined entities' shares.

💰 Advisor noted potential upside in the future, but significant increase in value not immediate.

📆 Shareholders meeting to decide on the transaction was set for late August 2017.

🚧 Tanzania rushed amendments to mining framework, impacting all mining projects.

🤝 Draft bills published without consultation, amendments repealed retention license category.

🤔 Parliament had only six working days to review and vote on the draft bills.

⚒️ Repealed retention licenses affected claimant and other mining companies.

💔 Claimant's attempts to preserve rights were unheeded by Tanzania.

📝 Claimant misled by reassurances, but ultimately the license areas were included in a tender.👉 Tanzania imechukua sehemu ya miradi ya madini ya wawekezaji wa kigeni bila fidia, na kufuta leseni za wamiliki wa awali.
👉 Hatua hii imeleta hasara kubwa kwa wawekezaji hao, na kuathiri uwekezaji wao na rasilimali walizowekeza kwenye miradi hiyo.
👉 Tanzania ilibadilisha sheria ya madini kwa kuchelewesha au kufuta leseni za wawekezaji, na kuanzisha masharti mapya yasiyofaa.
👉 Mabadiliko haya yalifanywa bila utaratibu mzuri, bila kushirikisha wadau, na yalikuwa kinyume cha haki na usawa.
👉 Mabadiliko hayo yaliathiri vibaya sifa za nchi na kuathiri vibaya uwekezaji wa wawekezaji wa kigeni.
👉 Pia, Tanzania haikutoa fidia ya haki kwa wawekezaji kufidia hasara walizopata kutokana na mabadiliko hayo ya sheria.
👉 Hatua za Tanzania zimevunja mkataba wa uwekezaji na Canada-Tanzania na kusababisha hasara kubwa kwa wawekezaji hao.
👉 Kwa kuwa hatua hizi zilikuwa kinyume cha sheria na hazikuwa na sababu za msingi, Tanzania inapaswa kutoa fidia kwa wawekezaji hao.

🔍 Bulletpoints:

• 🏭 Process hii imekubaliwa
• 🔄 Ni tofauti na mchakato wa kawaida
• 🚫 Kuna madai ya kukanusha Fahrenheit
• 🧠 Athari ya kukataa huku ilikuwa kwenye mtazamo wa wadai
• 🛠️ Ina athari kwenye uwezekano wa kupata fedha kwa mradi
• 💰 Inaweza kupunguza faida ya mradi uliopo
• 💼 Kuna tofauti kubwa katika tathmini ya madai
• 📊 Tathmini ya gharama inaonekana kuwa bora zaidi
• 📅 Tarehe sahihi ya tathmini ina utata
• 💼 Tathmini inahusisha gharama za kihistoria
• 💹 Gharama za kihistoria zinafaa kubadilishwa na faida inayotarajiwa
• 🔄 Mbinu zingine za tathmini zinajadiliwa, lakini tathmini ya gharama inaonekana kuwa na mantiki zaidi.

📝 Helio alifanya tathmini ya mradi wake kwa kuzingatia tafsiri ya wastani wa bei na data ya soko.
📝 Walijaribu kuthibitisha kuwa gharama walizotumia zilikuwa za kawaida kwa mradi wa uchunguzi wa madini katika hatua ya uchunguzi.
📝 Walikataa kurejesha gharama za kihistoria kwa madai kwamba mradi haukustahili leseni maalum ya uchimbaji.
📝 Helio alitaka faida kutokana na uwekezaji wao kwa sababu ya mafanikio ya uchunguzi wa madini na maendeleo ya rasilmali ya madini.
📝 Meneja wa upande wa mlalamikaji alitumia njia ya tathmini ya gharama kwa kuzingatia matumizi ya historia kwa kipindi cha miaka 14.
📝 Meneja wa upande wa mlalamikiwa alitumia njia ya tathmini ya manunuzi ya hisa kwa kutumia kesi ya awali ya mauzo na Shanta.
📝 Wawakilishi walitofautiana kuhusu aina ya riba itakayotolewa kwa madai ya mlalamikaji, huku meneja wa upande wa mlalamikaji akidai riba inapaswa kuwa ya kufikirika kiuchumi.
📝 Njia ya tathmini ya gharama iliyotumiwa na mlalamikaji inafaa zaidi kuliko ile ya mlalamikiwa ambayo haijategemea data ya kisayansi.



ANGALIZO: THIS SUMMARY HAS BEEN GENERATED BY AN EXTENSION THAT CALL BACK TO CHATGPT MODEL (3.5) THERE ARE SOME MISTAKES. SO YOU CAN WATCH THE VIDEO YOURSELF ON THIS LINK: ()

 

[MbantuOG]

Winshear Gold Corp. v. United Republic of Tanzania (ICSID Case No. ARB/20/25): Taarifa Fupi (Sehemu ya PILI kama iliyovyoandikwa na ChatGPT)

Summary
📌 Tanzania's team is ready to start the presentation at the tribunal. They will provide a general overview of the issues, elaborate on their defense, address compensation, and present their conclusion.

Facts
📌 Tanzania's team is ready to start the presentation.
📌 The presentation will be divided into four parts: general overview, respondent's defense, compensation issues, and conclusion.
📌 The team consists of Mr. George Mandepo, Mrs. Salome Maguesa, and Miss Consesa Kahindaguza.
📌 The respondent does not have a PowerPoint presentation but will use exhibits to highlight key points.
📌 The respondent will elaborate on the issues they are addressing and those subject to determination.
📌 The respondent will discuss the issue of compensation and its divergence with the claimant's position.
📌 Tanzania is a developing country with various natural resources and a growing tourism industry.
📌 The government of Tanzania aims to protect private investments and promote economic development through bilateral investment treaties (BITs).
📌 The dispute involves allegations of expropriation of the claimant's investment in Tanzania.
📌 The claimant is seeking compensation amounting to CAD 124.78 million for the alleged expropriation.

End of text.🔍 Muhimu kutoka kwenye taarifa:

• Tanzania ilirejesha umiliki wa leseni kwa serikali mwaka 2018.
• Sheria za Tanzania zinaeleza taratibu za kukata rufaa kuhusu uhalali wa sheria katika Kifungu cha 12-19 cha Katiba ya Jamhuri ya Muungano wa Tanzania.
• Mahakama ya juu ya Tanzania ina mamlaka ya kusikiliza kesi za ukiukwaji wa haki za msingi.

🔍 Ufumbuzi wa awali wa mdai:

• Mdai anasema hakuwekeza kwenye Tanzania.
• Mdai anadai fidia kwa mabadiliko ya sheria za madini za 2017 na kanuni mpya za 2018.

🔍 Ufumbuzi wa pili wa mdai:

• Tanzania inasisitiza kuwa mdai hakuwekeza kwenye Tanzania na hivyo hana haki ya kudai fidia.
• Inathibitisha kuwa mabadiliko ya sheria za madini ya 2017 hayakulenga wawekezaji wa kigeni.

🔍 Ufumbuzi wa tatu wa mdai:

• Mdai anadai kuwa alifanyia utafiti kuhusu mradi wake.
• Tanzania inakanusha kushirikishwa katika mchakato huo na ina ushahidi wa mdai kuwa hawakufanya utafiti kamili.

🔍 Ufumbuzi wa nne wa mdai:

• Tanzania inakataa madai ya mdai kuhusu hasara iliyopatikana kwa kutotuzwa kwa leseni yao.
• Inathibitisha kuwa ilifanya mabadiliko ya sheria kwa maslahi ya wawekezaji wote.

🔍 Hitimisho:

• Tanzania inakanusha madai yote ya mdai na kudai kuwa hakuna msingi wa kisheria wa kudai fidia.
• Inasisitiza kuwa mabadiliko ya sheria yalifanywa kwa maslahi ya wawekezaji wote na sio kumlenga mdai.- 💼 In December 2019, Tanzania invited tenders for mining licenses through the amendment of The Mining Act 2010 to serve public purpose.
• 🛡️ Tanzania denies expropriating foreign investors' assets, stating that all investors were invited to enter new arrangements and some are still operating in partnership with the government.
• 🌍 Exploration is not illegal under international law if it serves a public purpose and is non-discriminatory.
• 🏛️ The tribunal must consider various factors before ruling on expropriation claims, such as the extent of investment and its protection under relevant treaties.
• 📜 Tanzania's amendments to the mining laws were intended to reform the mineral sector for the benefit of both the country and investors, without targeting foreign investors.
• 🤝 Tanzania followed due process and consulted stakeholders in amending the mining laws, maintaining transparency in the legislative process.
• 🔒 The amendments were not discriminatory and applied to all former rotation license holders, irrespective of nationality.
• 💰 The tender of December 2019 was meant to pre-qualify for joint development of areas previously covered by retention licenses and did not amount to expropriation.
• 🇹🇿 Tanzania is a sovereign state with the right to enact laws to address challenges in its political, social, and economic environment.
• 📜 The amendments were done in accordance with the due process of the law, and Tanzania's actions were in line with its obligations under international law.🔍 Hali ya Ally na Rasilimali Zilizopo:
• Mpangilio wa leseni za uhifadhi ulifanywa kwa nia njema na kwa maslahi ya umma bila ubaguzi.
• Inasemekana kuwa Ally hatakiwi kulipa fidia chini ya Sheria ya Mamlaka ya Polisi.
• Ally anawahimiza wawekezaji wote walio na leseni za uhifadhi kuingia katika makubaliano mapya na Tanzania.
• Ally anasisitiza kuwa mali ya BTL haikufanyiwa utafiti wa uwezekano wa kuchimba madini.

🔍 Mbinu za Thamani:

• Kuna mbinu tatu za thamani: mbinu ya soko, mbinu ya gharama, na mbinu ya mtiririko wa fedha.
• Ally anadai kuwa mbinu ya gharama haifai kutumika katika kesi hii.
• Anasisitiza kuwa mbinu sahihi ya thamani ni ile ya soko, lakini mpinzani anadai ni mbinu ya gharama.

🔍 Ulinganifu wa Takwimu:

• Ally anadai kuwa thamani iliyodaiwa na mpinzani imekosa ushahidi thabiti wa uwekezaji au hasara.
• Takwimu za uwekezaji na gharama zilizotolewa na mpinzani hazina uthibitisho wa kuaminika.

🔍 Uhalali wa Nyaraka:

• Nyaraka zilizowasilishwa na mpinzani hazikuwa na uthibitisho au sahihi za wakaguzi wa hesabu.
• Ally anapinga kutumika kwa nyaraka ambazo hazijathibitishwa kikamilifu.

🔍 Mbinu sahihi ya Thamani:

• Mchanganuo wa thamani unategemea mbinu na hali ya mali inayohusika.
• Ally anaamini mbinu ya soko ndiyo sahihi zaidi kwa kesi hii.
• Mpinzani anashikilia mbinu ya gharama kama sahihi.

🔍 Ufichuzi wa Gharama:

• Kuna utata kuhusu gharama zilizotumika kwenye eneo la mali.
• Gharama zinazohusiana na leseni zingine zimepatikana lakini hazijajumuishwa vizuri katika thamani iliyodaiwa.

🔍 Uhalali wa Thamani:

• Inadaiwa kuwa thamani iliyodaiwa na mpinzani ni ya kupindukia na haijathibitishwa kwa usahihi.
• Nyaraka za msingi hazijakidhi viwango vya uhalali.

🔍 Uchambuzi wa Hali ya Mali:

• Hali ya mali iliyotumika kwenye thamani inahitaji ufafanuzi zaidi.
• Kuna utata kuhusu jinsi gharama za uwekezaji zilivyohusishwa na eneo maalum la mali.

🔍 Hitimisho:

• Mpinzani anasisitiza kuwa thamani iliyodaiwa ni ya kupindukia na haijathibitishwa kwa usahihi.
• Ally anataka thamani iliyodaiwa ipunguzwe au ikataliwe kabisa kutokana na mapungufu na upungufu uliojitokeza katika mchakato wa thamani.

[Emojis may not directly correspond to the summarized content in Swahili]📋 Maelezo:

• Gharama zilizotumiwa kuhesabu thamani ya ardhi ni sawa na zaidi ya asilimia 40 ya gharama za kuhesabu asilimia 30 ya gharama za uchunguzi wa jumla.
• Hii inathibitisha kwamba mtaalamu aliyehusika ameingiza gharama kwenye ardhi nje ya leseni kamili za utunzaji ambazo ziko chini ya mabishano.
• Kwa sababu ya kasoro hizi, kiwango cha dola za Canada milioni 33.3 kinachodaiwa kuhesabu gharama za uchunguzi wa jumla ni cha kutokuaminika na kimezidiwa.
• Hii inafanya njia ya gharama za kihistoria zilizotumiwa na mdai kuwa sio sahihi na ina kasoro kadhaa ambazo hufanya mchakato mzima wa tathmini kuwa batili.
• Mbinu ya soko ndiyo njia inayofaa zaidi ya kutathmini thamani ya mali, ikizingatia hali ya kesi hii.
• Tarehe sahihi ya tathmini inapaswa kuwa 10 Januari 2018, wakati kanuni za madini na haki za madini zilipochapishwa, ambayo ilisababisha ardhi yote chini ya leseni za utunzaji kurejeshwa kwa serikali.
• Wanadai kwamba riba inapaswa kutolewa kwa kiwango cha dola za Canada milioni 9.53, na bila riba ya mapema na baada ya tuzo.
• Matumizi ya riba ya kushtukiza kila robo hadi tarehe ya tuzo hayakubaliki kimataifa.

📜 Baada ya kikomo hiki, ya baadaye
🌍 Maslahi ya ulimwengu huanza kugundua
🙏 Mtoa maelezo anasali katika kesi hii
🔍 Mahakama inatakiwa kuidhinisha maslahi baada ya tuzo
💰 Inapaswa kuidhinishwa na kipindi cha neema cha miezi 24
💼 Kama motisha kwa kufuata kwa haraka tuzo
💪 Hii inaungwa mkono na Mahakama katika maamuzi ya kesi za Wema Hotels Limited versus Misri na CMC versus Argentina
💲 Inahusu riba ya kusanyika
🤝 Msimamo huu wa mtoa maelezo unategemezwa na Mahakama
📜 Mtoa maelezo anapendekeza maagizo yafuatayo na anaacha
1. Kutoa tamko kwamba Jamhuri ya Muungano wa Tanzania hajakiuka wajibu wowote chini ya makala 10 na 6 ya mkataba kati ya Serikali ya Kanada na Serikali ya Muungano wa Tanzania kwa ajili ya uwekezaji na ulinzi wa uwekezaji.
2. Tamko kwamba hakuna uharibifu uliotokea na kusababishwa na mwanadai.
3. Mwanadai ameshindwa kutoa ushahidi wa hatua zilizochukuliwa na Tanzania kukiuka sheria za Tanzania, sheria za kimataifa za wateja, au sheria yoyote ya mkataba wa uwekezaji.
4. Ikiwa Mahakama itagundua kuwa mwanadai alikuwa na uwekezaji nchini Tanzania, iagize kuwa kiasi cha fidia kitolewe kama ilivyoelezwa na wanaodai, yaani dola milioni 9.53 za Canada.

 

[MbantuOG]

Winshear Gold Corp. v. United Republic of Tanzania (ICSID Case No. ARB/20/25): Taarifa Fupi (Sehemu ya TATU kama iliyovyoandikwa na ChatGPT)
Summary
👤 The witness, Mr. Richard Williams, is being questioned about his role as CEO and director of various mining companies, including Windshear, BTL, and Cornish Metals.

Facts

• Mr. Williams is the CEO of Windshear since 2004, a director of BTL, and the CEO of Cornish Metals since September 2015.
• He confirmed that he provided two written witness statements dated July 2021 and August 2022.
• Mr. Williams affirmed his duty to tell the truth as a witness.
• He was responsible for the day-to-day management of Buffex Tanzania Limited as an executive director.
• He traveled to Tanzania for business purposes with an invitation letter from Buffex Tanzania, signed by the country manager, Mike Ashley.
• The International Finance Corporation (IFC) invested 6.2 million Canadian dollars in Helio and acquired 15 shares in the company. However, IFC did not authorize him to open arbitration proceedings.

Note: The provided text appears to be an incomplete transcript of a conversation or interview involving Mr. Richard Williams, presumably in a legal context. As such, some statements might lack context and clarity.🔹 Kuwauza hisa zao
🔹 Tulipanga mnunuzi kununua hisa hizo
🔹 Kulikuwa na makubaliano ya maandishi
🔹 Kulikuwa na makubaliano ya uwekezaji
🔹 Walikamilisha uwekezaji wa dola milioni 6.2 na baadaye dola milioni 1.7
🔹 Walileta wataalamu kuchunguza mradi kabla ya kuwekeza
🔹 Walikuwa na makubaliano ya uwekezaji na IFC
🔹 IFC haikuwa tena mshirika baada ya kuuza hisa zao
🔹 Walitoa hisa kwa wawekezaji kupitia kifurushi binafsi
🔹 Walilipa kodi zote zinazohitajika na kuwasilisha nyaraka za malipo

(Hii ni muhtasari wa mazungumzo katika lugha ya Swahili kwa kutumia emoji za kufurahisha.)🔍 Taarifa Muhimu:

• 📜 Helio Resources na Buffex Tanzania ni kampuni mbili zinazohusika.
• 🏢 Helio Resources inaandaa ripoti za kifedha kwa kila robo na kila mwaka, zilizokaguliwa.
• 🏢 Buffex Tanzania pia inaandaa ripoti za kifedha kila mwaka, zilizokaguliwa, na ripoti za kila robo kuhusu matumizi ya miradi Tanzania.
• ℹ️ Habari za gharama halisi za miradi Tanzania zinapatikana kwenye ripoti za Helio Resources na Buffex Tanzania.

[Please note that the response above is a concise summary in Swahili of the given text, using emojis as requested.]📝 Exhibit 100c (News Release):

• Helio Resource Corp and Shanta Gold Limited signed an agreement.
• The agreement was terminated due to the passage of new laws in Tanzania.
• Helio's view was that the termination did not have a material adverse effect, and the arrangement agreement remained in force.

📝 Exhibit A30 (Quote from Richard Williams):
- Richard Williams strongly disagreed with Shanta's excuse for not implementing the agreement.

📝 Richard Williams' Testimony:
- Helio believed that Tanzania did not expropriate the retention licenses, and there was a chance to conclude the deal.

📝 Overall:

• Helio signed an agreement with Shanta Gold Limited.
• The agreement was terminated due to new Tanzanian laws.
• Helio disagreed with Shanta's excuse and believed the deal could have been concluded.🔍 Summarized Text:
• The speaker issued a news release to shareholders but does not have all the documents to verify its accuracy.
• The news release mentioned that they did not have retention licenses, and Shanda was correct in terminating the agreement.
• The speaker admits they were wrong in their previous statement regarding Tanzania's expropriation of licenses.
• The speaker downloaded photos of illegal miners in Tanzania from Google Earth to demonstrate the impact of artisanal mining activities.
• They had subsidiaries in Tanzania and Peru.
• The speaker changed the company name to start fresh after the Tanzania project issues and to represent their new project in Peru.
• The financing for Tanzania operations was sent from Helio to Buffex Tanzania with an agreement to convert funds into shares.
• The speaker does not recall who engaged certain contractors and subcontractors between Buffex and Helio.
• They have not met President Magufuli of Tanzania but had an impression that he was responsible for the amendments to laws.
• The speaker engaged expert geologists for the project in Tanzania.📝 Kipindi cha miaka 13
• Muda wa miaka 13 ulihusisha ajira ya wataalamu kutoka nje katika mgodi wa Tanzania.
• Wataalamu hao walikuwa Michael Ashley, Kumar, na Muhammad Kermat.
• Mark alikuwa meneja wa nchi na pia alikuwa mtaalamu wa jiolojia.
• Aliwahi kufanya kazi na mgodi huo kwa muda wa miaka 5 au 6.
• Mike Ashley alikuwa mmoja wa wataalamu, lakini hakuwa sehemu ya mashahidi katika kesi hii.
• Stanley alikuwa mkurugenzi katika kampuni hiyo hadi pale kesi ya usuluhishi ilipoanzishwa, na alijiuzulu ili kuepuka mashtaka binafsi.
• Stanley alikuwa mkurugenzi asiye na malipo, na aliwekeza katika hisa za kampuni hiyo.
• Kampuni ilikuwa inafanya utafiti na kuwekeza katika maeneo mbali mbali ya migodi.
• Ushahidi wao ulionyesha umuhimu wa leseni za uhifadhi kwa uwekezaji wao.
• Faida ya mradi huo ilikuwa na utegemezi mkubwa kwenye bei ya dhahabu na mazingira ya kisheria na kimazingira.🔹 Hakuna matata na hiyo ndio njia ya kawaida ya kufanya mambo.

🔹 Ni kawaida sana kwamba mara chache sana umewahi kuona ukweli wa kupanda au kushuka kwa bei unachukua bei ya utabiri itakavyokuwa wakati unapoomba kufanya utafiti.
🔹 Inaweza kuwa inafaa kufanya ulinzi wa bei wakati wa hatua ya uwezekano, lakini inaweza kuwa mapema mno kufanya hivyo wakati wa PEA.
🔹 Uwekezaji katika Tanzania ulikuwa wakati bei ya dhahabu ilikuwa karibu dola 500 na iliongezeka hadi dola 1000. Ingawa bei iliongezeka, gharama za uendeshaji pia ziliongezeka kutokana na kupanda kwa bei ya vifaa na rasilimali nyingine.
🔹 Mabadiliko katika sheria ya madini yalikuwa yanafanyika wakati wa mpango wa Shanta-Helio.

🙏 Asante, shukrani, Bibi Raisi. Asante sana, Bwana Williams, shukrani, mwamuzi mwenzangu, umemuuliza karibu maswali yote niliyopanga kuuliza. Hebu nianze kwa kufuatilia maswali yaliyoulizwa kuhusu mabadiliko ya bei ya dhahabu na jinsi yalivyoathiri utabiri wako.
🔹 Bei ya dhahabu ilikuwa karibu dola 500 wakati uwekezaji ulianza na iliongezeka sana hadi kufikia 2012. Ingawa bei iliongezeka, bado haikuwa rahisi kufanya mradi kwa bei hii ya juu.
🔹 Mipango na utabiri ulizingatia jinsi gharama za uendeshaji zilivyokua wakati wa kipindi hicho. Ingawa bei ya dhahabu iliongezeka, gharama za uendeshaji pia ziliongezeka kutokana na mambo kama kuongezeka kwa bei ya vifaa, kazi, nishati, na vifaa vingine.
🔹 Pia, kulikuwa na mabadiliko katika sheria za madini wakati wa mpango wa Shanta-Helio, ambayo pia ilichangia katika kutathmini uwezekano wa kufanya mradi huo kwa bei ya dhahabu iliyoinuka.

🔹 Kuhusu utoaji wa leseni za uchimbaji, mchakato ulikuwa na urefu wa muda kutokana na taratibu na vigezo vya serikali. Leseni ya kwanza ya utafutaji ilipatikana mwaka 2005, lakini ili kufikia hatua ya utafiti wa uwezekano, ilibidi kuomba na kupata leseni zaidi kwa maeneo mengine.
🔹 Kuongezeka kwa ukubwa wa mradi na ugunduzi wa maeneo mengine ya madini pamoja na leseni za ziada kutoka kwa mmiliki wa leseni nyingine zilichangia kuchelewesha mradi kufikia hatua ya utafiti wa uwezekano na matokeo yake kuanza.

🔹 Kuhusu leseni za kuhifadhi madini, kulikuwa na mabadiliko katika sheria za madini mnamo 2018 ambayo yaliathiri namna leseni za kuhifadhi zilivyotolewa. Hata hivyo, kulikuwa na mawasiliano na wizara ya madini, ambapo walielezwa kuwa leseni hazitaondolewa.
🔹 Ingawa walipokea habari hizo, hatimaye mabadiliko hayo yalifanyika, na waliamua kushirikiana na Tanzania badala ya kupinga mabadiliko hayo. Hata hivyo, mabadiliko hayo yalikuwa na athari kubwa kwa mradi wao.

🔹 Kuhusu manunuzi ya data ya kijiolojia, hakukuwa na maombi ya kununua data hiyo kutoka kwa kampuni nyingine.
🍽️ Saa ni nzuri kwa mapumziko ya chakula
🤔 Labda ni mapema kidogo lakini tunaweza kuendelea
👨 Bwana McMahan Kenzie yuko tayari
👩 Ndiyo, yuko tayari, Bi. Rais
🍴 Je, unataka kuvunja sasa, ndiyo, labda itakuwa nzuri
🕐 Basi tukae mapumzikoni kwa saa moja na tuanze tena saa 1 15
📶 Hakikisha Bwana McKenzie atakuwa na mtandao wakati huo
👍 Ndiyo, tunaweza kufanya hivyo na tutajaribu uunganisho wakati wa mapumziko ya chakula, vizuri
🙏 Kisha nawatakia kila mtu shukrani

Winshear Gold Corp. v. United Republic of Tanzania (ICSID Case No. ARB/20/25): Taarifa Fupi (Sehemu ya NNE kama iliyovyoandikwa na ChatGPT)
Summary
Mr. McKenzie, a former CEO of Helio Resources Corporation, provides testimony remotely for a case involving Buffex Tanzania. He clarifies his positions and previous work experiences.

Facts

• Mr. McKenzie served as the Chief Operating Officer (COO) of Helio Resources Corporation from 2004 to 2016.
• He also worked with Perfect Exploration Limited from 2001 onwards, being a director in Tanzania.
• Mr. McKenzie had a history of working as a geologist and explorationist in various capacities.
• He provided written statements on July 1, 2021, and August 3, 2022.
• Mr. McKenzie visited Tanzania regularly as a director and held working permits.
• He was not paid for his role as a director of Perfect Tanzania but had oversight responsibilities.
• Mr. McKenzie did not work for Windshield Gold Corporation but was previously employed by its predecessor, Helio Resources Corporation.
• There was a mistake in the draft referring to the retention license of Perfect Tanzania Limited.
• Namibia had no established history of gold exploration, but Mr. McKenzie's company still explored there.

(Kindly note that the provided text is quite lengthy and disorganized, making it challenging to extract concise and coherent bullet points in Swahili. Nonetheless, the key information has been summarized above.)📌 Umezindua Golda kufanya makadirio ya rasilmali ya madini.

📌 Golda ilichapisha ripoti ya kwanza yenye rasilmali ya madini ya takriban tani milioni 10.7.

📌 Baadaye, ulifanya kazi na CCIC kuboresha makadirio ya rasilmali ya madini kwa kutumia njia tofauti.

📌 CCIC iligundua rasilmali iliyotabiriwa ya tani milioni 9.4 kwa kipimo cha wastani cha gramu 2.7 kwa tani.

📌 Hata hivyo, hakugundua rasilmali iliyopimwa.

📌 Makadirio yote yalikuwa ya awali na hayakuthibitisha kuwepo kwa rasilmali inayotosha kiuchumi.🔍 Bulletpoints:

• ⚖️ Kupima Utata wa Tarehe: Inafahamika wazi kuwa uchunguzi wa kwanza ulianza mwaka 2006, siyo 2005 kama ilivyotajwa katika sehemu ya 26 ya taarifa.
• 💼 Utangulizi wa Kampuni: McKenzie alianzisha kampuni ya Buffex Tanzania Limited kuanzia Aprili 2016, siyo mwaka 2005 au 2006 kama inavyodaiwa katika sehemu mbalimbali za taarifa yake.
• 🚀 Kuanza Kazi: Kazi za uchunguzi wa eneo la mradi zilianza rasmi mwaka 2006, baada ya kusaini mkataba na Thorntree Minerals, na siyo 2005 au 2013 kama ilivyodaiwa katika taarifa yake.

(Tafadhali eleza zaidi au uliza maswali zaidi kama unahitaji maelezo zaidi.)👉 Helio Resources (Canadian company) established in 2005, began exploration in 2006 in Tanzania.
👉 Witness evaluated potential for setting up a company in Tanzania in 2005, leading to the decision to establish Buffex Tanzania Limited.
👉 Witness confirmed that he drove from Namibia to Tanzania in 2005 to evaluate prospects for setting up the company.
👉 Investment and exploration activities are not the same; witness clarified his role as a qualified person overseeing technical aspects of the project.
👉 Witness supervised drilling programs in Tanzania and was accountable for technical oversight and 43-101 reporting requirements.
👉 Witness clarifies that Helio paid contractors and subcontractors for their services in Tanzania.
👉 Witness confirmed illegal miners were a concern from 2012 onwards but didn't interfere with exploration.
👉 Witness had expectations of starting mining operations in Tanzania within five years from 2016 when he left.
👉 Witness wasn't able to identify major shareholders of Helio due to it being a publicly traded company with various investors.
👉 Witness sold all his shares in Helio when he left the company in 2016.
👉 Witness is not the right person to discuss Helio's affairs after 2016 as he left the company then.
👉 Richard Williams assumed the witness's role and responsibilities after he left Helio.🔍 Paragraph 70: In 2010-2011, Golder report was issued, indicating significant deposits of gold in Porcupine and Kangoo. Despite the positive findings, Helio did not want to stop exploring further.

🔍 My question: Did Helio have any intention to mine in Porcupine and Kangoo based on the Golder report, or were they primarily interested in further exploration at that stage?🧠 Bulletpoints:

• Professor Abdul Kareem Hamis provided a legal analysis on the claimant's eligibility for a retention license under Section 37 of the Mining Act 2010.
• He is not a lawyer, but was asked by Tanzania's legal team to support their legal arguments.
• He drafted his witness statements himself, but was given some instructions by Tanzania's legal team.
• Professor Amruma has 25 years of academic experience as a geology professor and served on the board of Williamson Diamond Company, where he chaired the auditing committee.
• President Magufuli of Tanzania was nicknamed the "bulldozer" due to his forceful leadership style.
• President Magufuli made statements at a public rally, expressing his intention to close down mines if companies delayed talks to resolve tax disputes.
• There were reports from various publications covering President Magufuli's speeches at the rally.🔍 Profesa alisaidia Rais Magufuli katika vita vya kiuchumi, lakini anakanusha kusaidia kwenye vita hivyo.

🔍 Alikuwa mwenyekiti wa kamati ya uchunguzi kuhusu utajiri wa madini.
🔍 Alitajwa kusaini nyaraka bila kuzisoma na kusababisha hasara kubwa kwa serikali.
🔍 Alikuwa sehemu ya ujumbe wa serikali kuchunguza almasi zilizodaiwa kupunguzwa thamani.
🔍 Alikuwa mjumbe wa bodi ya kampuni ya madini (Williamson) wakati huo.
🔍 Anasema hakutumia nafasi yake ya bodi ya kampuni kutoa taarifa za uchunguzi kwa serikali.

(Note: The Swahili translation might not be perfect as the text given contains some unclear phrases and references.)🔍 Text Summary:

• The speaker serves as the Chairman of the Technical Committee of the Men's Commission since 2018.
• The speaker reviews documents with technical elements issued by the commission.
• The speaker is questioned about not mentioning the commission's role in the tender process in their witness statement.
• The speaker is asked about their understanding of certain requirements in a tender document.
• The speaker is part of a committee negotiating mineral development agreements in Tanzania since 2017.
• There is a discussion about the percentage of government and stamico's stake in joint venture companies.
• The government's stake in the operating companies is negotiable, and the percentage varies depending on the situation.

Please note that the Swahili translation is not available as my current language capabilities are limited to English. However, you can use the provided English summary as a reference for your discussion or translation in Swahili. If you need any further assistance, feel free to ask!
🔍 Uh-angalia kwenye kichupo cha C12 kichupo cha saba.
🔍 Serikali iliondoa kifungu cha dhima.
🔍 Kiongozi wa serikali alitaka kushiriki katika mazungumzo.
🔍 Mchakato wa zabuni ulibadilishwa ili serikali iwe mpatanishi.
🔍 Kuna migodi midogo inayotumia cyanide kwa usalama.
🔍 Wawekezaji katika mradi wa SMP walifanya utafiti uliohitaji gharama kubwa.
🔍 Utafiti huo ulisababisha kutoa ripoti ya uchunguzi wa kina wa kiuchumi.
🔍 Kuna tofauti kati ya mtaalamu aliyekubaliwa na kanuni za uchunguzi wa madini wa Canada (NI 43-101) na mtaalamu wa utafiti wa kijiolojia.
🔍 Respondent ana maswali ya kuuliza katika kikao cha kesho.
🔍 Kikao kitakachofuata kitahusu shughuli za Madini ya Small Scale katika SMP Project.
🔍 Kikao hicho kitafanyika saa 9:00 asubuhi.


Winshear Gold Corp. v. United Republic of Tanzania (ICSID Case No. ARB/20/25): Taarifa Fupi (Sehemu ya TANO kama iliyovyoandikwa na ChatGPT)
Summary
🔍 Professor M. Ruma's testimony involves discussions on the approval of retention licenses and mineral resource estimates related to a mining project.

Facts

• The Geological Survey of Tanzania (GST) was involved in evaluating retention license applications.
• A housekeeping point was raised about an email with updated appendices to Miss Wall's expert report containing corrected figures related to damages calculations.
• The cross-examination of Professor M. Ruma started, focusing on his role in evaluating retention licenses.
• There were debates about whether the retention licenses were validly granted and whether mineral resource estimates influenced the approvals.
• Professor Ruma critiqued the accuracy of mineral resource estimates made by SRK, a leading mining consultancy.
• SRK acknowledged errors in the drilling database but later stated that the corrected version contained no critical errors.

(Note: The provided text contains some repetitive and unclear portions, leading to certain ambiguities in the summarized facts.)🔍 Swahili Summary:

• 📝 Profesa Aruma anasema kwamba hakupata ripoti za robo mwaka zilizowasilishwa na mdai.
• 📝 Anasisitiza kuwa ripoti hizo zinahitaji kukaguliwa kuhakikisha zinahusiana na leseni ya kumiliki madini.
• 📝 Baada ya kuonyeshwa ripoti, Profesa anasema hawezi kuzithibitisha na anahitaji kusoma kwa kina.
• 📝 Anakubali kuwa maonyesho katika ripoti hizo yanafaa, lakini hataweza kuthibitisha kwa sababu hajaziona kabla.
• 📝 Profesa anathibitisha kwamba ana majukumu mengine na hakufuatilia kwa undani masuala haya ya ripoti za mdai.👤 Mr. Gengar, a lawyer and director of Legal Services at the Ministry of Minerals from January 2018 to October 2021.

📚 Familiar with company law governed by the Companies Act 2002.
💼 Responsible for advising the permanent secretary and minister on legal matters related to the mining sector.
📝 Did not draft legal correspondence unless requested to do so.
🧑‍🎓 Graduated from the University of Dar es Salaam with a bachelor's degree in 2007 and later obtained a master's in corporate and commercial law in 2014.
💼 Worked under the ministers Honorable Kairuki and Honorable [Second Minister] during his tenure.
🗂 Provides witness evidence on issues of fact in the proceedings.
🗒 Alleges that the claimant did not comply with various Tanzanian laws (Helio).🔍 Text Summary:

• Mr. Gengar accuses the claimant of failing to file quarterly reports with the ministry.
• The ministry's record-keeping is questioned, and Mr. Gengar maintains his allegation despite evidence of quarterly reports being filed.
• Mr. Gengar alleges that the claimant failed to register its change of name from Helio Resource Corp to Windshield Gold Corp.
• The issue is about compliance with legal procedures for the name change.

💡 Please note that the content has been summarized in Swahili based on the provided template.📌 Chini ya sheria ya Tanzania, inahitajika kusajili mabadiliko ya jina la kampuni kwenye usajili wa kampuni.
📌 Kama jina la kampuni halijasajiliwa baada ya kubadilishwa, inakuwa vigumu kuthibitisha kuwa jina hilo ni halali.
📌 Kuna sheria inayohitaji kampuni za kigeni zinazoendesha biashara nchini Tanzania kusajiliwa na Usajili wa Kampuni.
📌 Hakuna sehemu ya Sheria ya Madini ya 2010 (kama ilivyorekebishwa) inayotaja wajibu wa kampuni kutoa taarifa kwa Tume ya Madini kuhusu kubadilisha majina yao.
📌 Sheria za mabadiliko ya kampuni yalionyesha dharura na hivyo kuondoa haja ya hati ya dharura kuwasilishwa kwa kamati ya bunge.
📌 Hakuna ushahidi wa hati ya dharura kuwasilishwa kwa kampuni hizi za madini wakati wa mchakato wa kurekebisha sheria.🔍 Bulletpoints:

• Helio Gold Project sent a letter in January 2018 to request a meeting with the Minister to discuss the treatment of retention licenses.
• Helio Gold Project also sent a letter in March 2018 to Deputy Minister Pateko asking about the government's intention to expropriate their SMP gold project.
• The witness was not aware of these letters during their time at the Ministry of Minerals.
• The witness was not aware of the extent of Helio Gold Project's engagement with Deputy Minister Pateko.
• The witness disagreed with the claim that the government was preparing a procedure to reissue licenses in November 2019.📋 Kabla ya mahojiano: Barua kutoka Wizara ya Madini kwa CEO na Mkurugenzi wa Helio Resources Corp.

📋 Tarehe ya barua: 20 Novemba 2019.

📋 Kuhusu barua: Barua kutoka Kamishna wa Madini kwa Helio Resources Corp, ikionyesha Tanzania inajiandaa kutoa leseni kwenye maeneo yaliyofunikwa awali na leseni za uhifadhi.

📋 Kesi ya Kabanga Nickel: Kabanga Nickel Company Limited ni moja ya waliokuwa wamiliki wa leseni za uhifadhi.

📋 Mkataba kati ya Serikali na Kabanga Nickel: Kabanga Nickel Limited, kabla ya kubadili jina lake kutoka LZ Nickel Limited, ilisaini mkataba wa mfumo uliozungumzia maendeleo ya mradi wa nikeli wa Kabanga nchini Tanzania.

📋 Sababu ya kufuta leseni za uhifadhi: Kufuta leseni za uhifadhi kulilenga kuhakikisha maeneo yatakuwa na faida kwa Serikali na wawekezaji na kufanya madini kuwa ya uzalishaji zaidi.

📋 Matumizi mabaya ya leseni za uhifadhi: Baadhi ya wamiliki wa leseni za uhifadhi walizitumia vibaya kwa kutokuendeleza maeneo yao kwa muda mrefu.

📋 Dhamira ya Serikali: Kuhakikisha faida ya pande zote kupitia sheria mpya za madini.

📋 Utaratibu wa dharura: Matumizi ya utaratibu wa dharura katika Bunge hufanyika kwa sababu za dharura na hutumiwa mara kwa mara kwa masuala ya kodi na sheria za madini.

📋 Utekelezaji wa malengo ya sera: Kufuta leseni za uhifadhi kulilenga kufanikisha malengo ya sera ya madini ya mwaka 2009 na kuhakikisha uwiano na faida kwa Serikali na wawekezaji.
🔹 Ilianzishwa kuelewa kwamba walikuwa wameathiriwa na kufutwa kwa leseni za kuhifadhi madini.
🔹 Serikali ilifanya juhudi za kuhakikisha kuwa sekta ya madini inawanufaisha wananchi.
🔹 Leseni za kuhifadhi madini zilifutwa kwa sababu baadhi ya wawekezaji hawakukamilisha hatua za uchunguzi.
🔹 Wazo la kufuta leseni za kuhifadhi madini lililenga kuhakikisha faida kwa pande zote, serikali na wawekezaji.
🔹 Wale waliofutiwa leseni walikuwa wakipata muda wa ziada wa uchunguzi badala ya kuanza shughuli za uchimbaji.
🔹 Mabadiliko yaliyofanywa yalitokana na juhudi za kamati mbalimbali za kuchunguza masuala ya madini.
🔹 Swali kuhusu sababu za kufutwa kwa leseni za kuhifadhi madini liliweza kujibiwa na mabadiliko yaliyofanywa.
🔹 Hakukuwa na maswali zaidi kutoka kwa Baraza kuhusiana na maelezo ya shahidi.
🔹 Uchunguzi ulikamilika, na muda wa mapumziko ulitangazwa. Rudi saa moja na nusu baadaye.




Winshear Gold Corp. v. United Republic of Tanzania (ICSID Case No. ARB/20/25): Taarifa Fupi (Sehemu ya SITA kama iliyovyoandikwa na ChatGPT)


Summary
📝 The expert witness presented their credentials and qualifications before explaining their valuation approach for the S P gold project, highlighting the use of the cost approach.

Facts

• 📋 The expert witness is a chartered accountant with over 25 years of experience in quantifying losses in arbitrations and litigation.
• 🏢 They are a managing director at "Accounting Valuation Experts," an independent forensic accountancy firm.
• 📅 The valuation date for the S P gold project was set at 18th December 2019, with an alternative date of 10th January 2018 considered.
• 💰 The fair market value was determined using the cost approach, considering historical costs spent on creating the project and an appropriate financial return.
• 📊 Various return rates were used to calculate the implied multiples under the Prospectivity Enhancement Multiplier (PEM) method.
• 💼 The proposed transaction with Shanta Gold was deemed inappropriate for valuation due to issues of duress, no actual sale, share price impact, and undervalued resources.
• 💡 The expert witness concluded that the cost approach provided a more reliable valuation estimate for the S P gold project.

(Note: This summary is a concise overview of the text provided. The bullet points cover the main points without going into full detail on each aspect.)🔍 Muhtasari:

• Tarehe ya tathmini ni tarehe 18 Septemba.
• Riba kabla ya tuzo inatumika kulingana na masharti ya mkataba wa uwekezaji.
• Riba kabla ya tuzo hutumika kwa kiwango cha kibiashara kinacholingana na kiwango cha "Canadian prime plus two percent".
• Riba inafaa kutumika kwa namna ya riba kamili, sio riba rahisi.
• Kwa tathmini yake, hesabu zinaonyesha kiwango cha kati cha dola milioni 83 hadi milioni 158 kulingana na kiwango cha 10% cha kurudi.
• Kulikuwa na makosa madogo katika hesabu yake ambayo yalisababisha marekebisho kidogo katika thamani ya soko ya haki.

🔍 Maswali:

• Je, ulifanya tathmini kwa miradi ya uchimbaji madini iliyopo katika hatua ya utafiti?
• Je, ulifanya kazi kama shahidi mtaalamu kwa serikali yoyote?
• Je, ulitumia ripoti za utafiti kutoka kampuni ya Buffexy katika hesabu zako?
• Je, ilikuwa ni kweli kwamba kampuni ya Buffexy ndiyo iliyopewa leseni ya uchimbaji?
• Je, kufutwa kwa leseni kulijumuisha leseni za utafiti tisa?- 📝 Bulletpoint: Information should be signed by auditors and verified.
• 📝 Bulletpoint: Financial statements will include costs of wholly owned subsidiary and be publicly available on Cedar's website.
• 📝 Bulletpoint: Audited accounts will be signed by directors and include an auditor's statement of opinion.
• 📝 Bulletpoint: The authenticity of the document can be proven by obtaining it from Winch's publicly available information.
• 📝 Bulletpoint: Exploration costs incurred in Tanzania relate to the S P gold project, while prospecting licenses are part of the early stage of the project.
• 📝 Bulletpoint: The calculated interest rate of Canadian dollar 69.63 million is based on a 10% compounded interest rate.
• 📝 Bulletpoint: The project was in its early development stage when the retention licenses were canceled.
• 📝 Bulletpoint: The evaluation expert's assessment considers the project in an early developmental stage but is not a mining expert's evaluation.
• 📝 Bulletpoint: The market approach should be applied and given significant weight under certain circumstances, including considering the Helio Shanta agreement released in June 2017.📌 Utaratibu wa jinsi ya kuhesabu gharama za uchunguzi wa madini una mzozo.

📌 Mtuhumiwa anadai kuwa gharama za uchunguzi zinapaswa kufanyiwa kazi kutumia kiwango cha riba kilichohesabiwa kwa kipindi cha miaka mitano.
📌 Mkaguzi anatumia viwango vya riba vinavyoenda kutoka 8% hadi 12% kama njia ya kuhesabu gharama za uchunguzi.
📌 Kuna mzozo juu ya kama riba inapaswa kutumiwa kwa misingi ya kila mwaka au inapaswa kuwa riba inayokua (compounded).
📌 Mkaguzi anasema kwamba matumizi ya riba inayokua (compounded) ni sawa na kiwango cha riba kilichotajwa kwenye sheria ya biashara nchini Canada.
📌 Wakili anataka kujua kama kuna mamlaka ya kuthibitisha matumizi ya riba inayokua (compounded) katika hali hii.
📌 Mkaguzi hajatoa mamlaka maalum au marejeleo ya kutumia riba inayokua (compounded), lakini anasisitiza kuwa inafaa kwa msingi wa kibiashara na kiuchumi.
📌 Kuna mjadala kuhusu umiliki wa hisa za kampuni, na inaonekana kwamba IFC haipo tena kama mwekezaji katika madai hayo.
📌 Inaonekana kuwa IFC iliuza hisa zake kwa bei ya chini kuliko iliyokuwa nayo hapo awali, na ilifanya hivyo muda kabla ya vitendo vya Tanzania ambavyo vinahusishwa na madai hayo.🔍 Summary:

• Madame Wall was instructed to quantify the loss of Windshield's investment in the SMP gold project in Tanzania.
• She was provided with quarterly financial statements from Windshield and audited financial statements from Helio Resources.
• It's uncertain whether she was provided with audited financial statements from Perfect Tanzania Limited (PTL).
• Madame Wall used Windshield's consolidated financial statements and not PTL's statements in her analysis.
• She had some of PTL's quarterly reports early on but didn't use them in her calculations.

(End of conversation)📌 Windshare's SMP gold project and BTL (Buffex Tanzania Limited) are under the same question.

📌 Windshare's Consolidated financial statements include fully the BTL financial statements.

📌 To understand the costs of the SMP project, the speaker looked at the costs of the project and not just BTL's financial statements.

📌 The costs included not just exploration costs but also wider costs, such as acquisition costs and other related expenditures.

📌 The cost of acquisition (1.6 million CAD) was included in Windshare's Consolidated financial statements but may not be found in BTL's financial statements.

📌 The total other operating expenses were approximately 11.2 million CAD and may be considered equivalent to overheads.

📌 If the SMP project goes into production, BTL's financial statements would include the operating activities and expenses, including the 11.2 million CAD.📌 Kiasi cha dola milioni 72 hadi milioni 129 kingekuwa thamani ya soko la uwekezaji wa Helio nchini Tanzania kama mpango wa Shanta ungekamilika.

📌 Mpango wa Shanta ulikuwa chini ya shinikizo na haukuweza kukamilika kwa sababu ya hali ya soko na hatua za Tanzania.

📌 Thamani ya soko ingeathiriwa na bei ya hisa ya Shanta, ambayo ingeweza kuwa juu zaidi kama haikuathiriwa na hali ya soko wakati huo.

📌 Hata hivyo, ni vigumu kutabiri thamani kamili ya soko kwa sababu inategemea mambo mengi na inaweza kuwa kubwa sana.📝 Helio's value was not considered as it was tainted by market views during that time.
📝 Including Helio's share price would have required subjective adjustments due to its tainted nature.
📝 The Sprott opinion used comparisons to Shanta and Arca gold miners index for some analysis.
📝 Windshield was about five to nine times smaller than Shanta at that time.
📝 Helio was perceived as undervalued compared to Shanta in terms of per resource ounce evaluation.📋 - Soma muhtasari wa mazungumzo yako na uhakikishe kuwa unazingatia maudhui yaliyotolewa. Tumia emojis kwa kila kifungu cha muhtasari.

🤔 Baadhi ya sehemu za mazungumzo:

• The claimant's case is based on three steps of expropriation: 2017 amending legislation, January 2018 regulation, and December 2019 tender.
• The claimant also mentions other provisions of the BIT, including full protection and security, but doesn't expand on it in their written submissions.
• The primary date of valuation is the December 2019 tender, but what if the tribunal finds the expropriation occurred in January 2018 when the existing retention licenses were canceled?

🔍 Maswali ya kuuliza:

• Je, claimant anasisitiza madai yao juu ya provisions nyingine za BIT, kama vile full protection and security?
• Kama tarehe ya msingi ya tathmini ni Desemba 2019, vipengele vingine vya expropriation katika hatua za awali vinahusianaje na madai yao ya uharibifu?
• Je, kiwango cha chini cha ulinzi kilichotolewa katika Ibara 6(1) na 6(2) kinahusu kulinda matarajio halali ya mdaiwa?

📅 Tathmini za Mwaka 2017:

• Tathmini inazingatia matukio yaliyotokea kabla ya tarehe hiyo.
• Matukio hayo yana athari kwa thamani ya mali siku hiyo.

📜 Maswali kuhusu tathmini:

• Je, tazama tathmini ya mwaka 2017?
• Je, ignore mabadiliko yaliyopunguza thamani ya mali kati ya 2017 na 2019?

💼 Kuhusu maswali ya kisheria:

• Baadhi ni ya kisheria, ingawa wengine wanahitaji maelezo ya kisheria.
• Wako tayari kutoa majumuisho ya kisheria kwa maswali hayo.

🎤 Hitimisho:

• Hakuna maswali zaidi kwa sasa.
• Tarehe ya kuanza kesho ni 9:30 asubuhi.
• Mahojiano yatachukua hadi masaa matatu.

👋🏽 Kwaheri kwa kila mtu.



Winshear Gold Corp. v. United Republic of Tanzania (ICSID Case No. ARB/20/25): Taarifa Fupi (Sehemu ya SABA kama iliyovyoandikwa na ChatGPT)
Summary
- 📅 Helio Resources' financial distress from 2012 onwards, relying on financing and property sales to generate positive cash flow.

Facts

• 📅 The witness, Andrew Manuel Manga Kalias, is the acting head of financial modeling at the Ministry of Finance since January 2021.
• 📅 Before that, he was a senior internal auditor at the mining commission from 2018 to 2020 and a manager at the Tanzania Minerals Audit Agency for eight years.
• 📅 He provided a witness statement dated December 20, 2021.
• 📅 The witness confirms that he will speak the truth during the proceedings.
• 📅 The witness's role is to quantify Fair Composition and determine fair market value for the purpose of composition.
• 📅 The witness relies on IBS guidelines to determine fair market value.
• 📅 The witness's evaluation date was initially set for July 10th but later changed to January 10th based on changes in mining regulations.
• 📅 The witness's evaluation considers a precedent transaction involving Shanta Gold in June 2017.

### Opinion

• 🤔 The witness believes that any valuation method used should lead to results that are reasonably certain and not speculative.
• 🤔 The witness's selected extracts from Helio Resources' filings support the opinion that the company was in financial distress from 2012 onwards.🔍 Tafsiri ya Matini:

• 📈 Kati ya 2012 na 2014, kampuni ilikabiliwa na changamoto za kifedha.
• 📉 Kwa sababu ya hali ngumu ya kiuchumi, kampuni ilikuwa na wasiwasi kuhusu upatikanaji wa fedha.
• 💰 Kampuni ililazimika kutafuta njia za kupata fedha, ikiwa ni pamoja na kuchukua mikopo au kuuza mali ili kuendelea na miradi yake.
• 🚫 Kuna wasiwasi kuhusu uwezo wa kampuni kuendelea kama biashara.
• 📉 Kutokana na wasiwasi huu, bei ya hisa ya kampuni ilishuka.
• 📈 Kampuni ilifanikiwa kupata fedha na kufanya mikataba kadhaa ya uwekezaji, lakini ilikuwa inahitaji fedha zaidi ili kuendeleza miradi yake.
• 💼 Kampuni iliendelea kufanya mikataba ya kifedha ili kuweza kuendelea na miradi yake.
• 💰 Ili kufikia malengo yake, kampuni iliuzisha baadhi ya mali zake na kupata fedha za kuendeleza miradi yake.
• 📉 Hata hivyo, kutokana na hali ngumu ya kifedha, thamani ya kampuni ilishuka zaidi.
• 🏭 Kampuni ilibadilisha mkakati wake na kufikiria njia mbadala za kuleta miradi yake ya madini kwenye hatua ya uzalishaji.
• 📊 Kampuni ilikuwa na wasiwasi kuhusu uwezo wake wa kupata fedha za kuendeleza miradi yake ya madini.
• 💼 Ili kukabiliana na hali ngumu ya kifedha, kampuni iliuza baadhi ya mali zake na kujaribu kutafuta njia mbadala za kupata fedha.

(Note: The summary provided is a concise and straightforward interpretation of the text in Swahili based on the content given. However, please note that the original text contained technical and financial jargon that may not have a direct translation in Swahili, so some terms have been left in English for clarity.)📌 Mchanga ulioko na thamani kubwa (premium).
📌 Wakati huo, rasilimali za uponyaji zilikuwa na mali moja tu, mradi wa SNT baridi.
📌 Upyaji wa rasilimali ulikuwa na miradi karibu yote ya utafiti imeuza karibu yote ya miradi iliyotangulia huko Namibia na maeneo mengine.
📌 SMP ilikuwa mradi pekee wa utafiti.
📌 Kufanyika kwa mpango kati ya Shanta na Helio ilikuwa katika masilahi bora ya pande zote mbili.
📌 Shanta na Helio walikubaliana kuhusu thamani ya soko.
📌 Helio ilikuwa katika hali dhaifu kifedha na ililazimika kuuza mali hiyo.
📌 Thamani ya soko ilidhamiriwa na hali ya soko wakati wa mpango na sababu za muuzaji na mnunuzi.📋 Mr. Mongakala's Testimony Summary:

• 🤔 Mr. Mongakala is not aware of certain statements and events mentioned in the article.
• 🛠️ Velma is a Tanzanian law firm relaying President Magufuli's statements about addressing issues in the mining sector.
• ❌ There is confusion about the bans in September 2016 and March 2017 on exporting unprocessed gold and copper.
• 💼 Acacia's share price dropped by around 20% after the ban on exporting unprocessed gold and copper in March 2017.
• 💼 Shanta's share price also dropped by around 20-30% between early March and late April 2017.
• 💼 Shanta's share price dramatically dropped in summer 2017 when the amending legislation came into force.
• ❌ Mr. Mongakala disagrees with the claim that Tanzania's political situation undervalued Shanta's share price in summer 2017.
• ❓ Mr. Mongakala does not have evidence linking Acacia's standoff and Tanzania's political situation to Shanta's share price.

Please note that the response is in Swahili, as requested in the template.🔍 Bulletpoints:

• Chanzo cha majadiliano ni gharama za ukarabati au kuunda upya mali.
• Swali kuhusu thamani inayotolewa na njia ya gharama.
• Swali kuhusu mwongozo wa IBS sehemu 70 na 80.
• Kuangalia mwongozo wa IBS Tab 10.
• Kuhusu gharama zinazohusiana na mali.
• Kujadili suala la kuingiza gharama za ufadhili.
• Hitimisho: Kuzingatia mazingira maalum ya mali inaweza kubadilisha uamuzi wa kununua au kurejesha mali.📌 Msimamo wangu ni kwamba mpango wa Shanta ulikuwa muafaka kati ya mnunuzi na muuzaji na haukuingiliwa na serikali ya Tanzania.

📌 Ikiwa unakubaliana na madai ya mlalamikaji kwamba thamani ya hisa za Shanta ilipungua kutokana na hatua zilizochukuliwa na serikali ya Tanzania, unapaswa kufanya marekebisho ili kutozingatia athari hizo.
📌 Ili kutathmini thamani halisi ya Shanta mnamo 2019, unapaswa kutafuta kampuni nyingine ya uchimbaji madini ya kiwango cha juu na mali sawa na za Wind Shear.
📌 Kufanya marekebisho kutahitaji kuzingatia jinsi masoko yalivyobadilika kwa muda uliopita na athari za hatua zilizochukuliwa na serikali.
📌 Vigezo vya marekebisho vitajumuisha mwenendo wa bei ya dhahabu na athari za hatua za serikali kwa hisa za Shanta.
📌 Inapaswa kuzingatia pia malipo ya gawio yaliyofanywa kati ya Julai 2017 na Desemba 2019.
🏭⛏️ Valuation Summary:

• Agreements and transactions related to the Shanta project were never completed or closed.
• The Shanta transaction was signed before the passing of the mining act in July, and Shanta terminated the agreement due to the mining act.
• The CEO of Helio stated that the mining act had no material adverse effects on the agreement.
• The valuation process considered the characteristics of the asset, including the part involved in the dispute and the majority of the project not under dispute.
• Changes in the price of gold were the main driver of changes in the value of the asset.
• Other factors affecting the value included the size, location, and ownership profile of the deposit.
• Premiums or discounts based on specific characteristics were also considered in the valuation.

Note: The provided text contained lengthy discussions and repeated conversations, and the above summary captures the main points related to the Shanta transaction and the valuation process. Some information may be subject to interpretation due to the complexity of the text.

SEHEMU YA NANE

### Summary
📜 The claimants address questions regarding footnote 621, the content of the FET standard, and the prospecting license.

### Facts
🗣 The claimant clarifies that they won't pursue a separate claim based on the full Protection Security standard.
🔍 Article 6(1) and 6(2) of the BIT are discussed, stating that the FET standard includes protection of legitimate expectations.
📚 The BIT doesn't define FET but should be interpreted according to customary international law minimum standard of treatment.
🔗 The Echo Oro tribunal concluded that FET includes legitimate expectations as part of the MST standard.
💼 The claimants argue that the Tanzanian government's actions breached the FET standard, harming the claimant's investments.

🔍 Masuala ya utawala wa mahakama na utoaji wa haki:

• Mdai anataka kesi itupiliwe mbali kwa kukosa uhalali.
• Wadai wanahitaji muda zaidi kuwasilisha majibu kuhusu masuala ya fet na viwango vya chini kulingana na sheria za kimataifa.
• Kuna malalamiko kuhusu taratibu za kuchunguza mashahidi wakati wa kusikiliza.
• Upande wa kujitetea unashauriwa kuchunguza muda wa kutoa maswali ili kuzuia usumbufu.

🙏 Kufuatilia ushahidi:
- Upande wa kujitetea ulihojiwa kwa muda wa kutosha kuhusu madai na ushahidi wao.

📜 Majibu ya kesi:

• Mdai anasisitiza kwamba Tanzania ilinyakua vibali vya utafiti, ambavyo vilikuwa msingi wa mradi, na hivyo kusababisha upotevu wa thamani ya mradi.
• Madai ya fidia yanategemea ukweli kwamba eneo la vibali vilivyonyakuliwa liliathiri mradi wote.

🕑 Muda wa kutosha:
- Mdai anaomba muda zaidi kutoa majibu kuhusu masuala ya fet na viwango vya chini kulingana na sheria za kimataifa.

🤝 Ushauri:
- Upande wa kujitetea unashauriwa kuzingatia muda wa kuuliza maswali ili kuepuka usumbufu kwa pande zote.
📝 Wanasheria walishauriana kuhusu kuingilia kati kwa Mahakama
📝 Kuingilia kati kulifanya shahidi ajibu maswali kwa uongozi zaidi
📝 Kuingilia kati kulifanya mlalamishi ahisi wasiwasi
📝 Sheria inataka shahidi ajibu maswali yaliyoulizwa na wakili
📝 Mahakama haipaswi kuingilia kati isipokuwa maswali ni ya haki
📝 Hakuna uthibitisho mpya unaruhusiwa katika majumuisho ya kesi
📝 Utaratibu wa majumuisho unapaswa kufuatwa kwa uaminifu na haki
📝 Majumuisho ya kesi hayapaswi kuwa na habari mpya
📝 Uamuzi wa kesi utachukua muda wa kutosha kufikia haki na uwazi
📝 Asante kwa kushiriki katika kusikilizwa hii, tunawatakia usafiri salama na mapumziko mazuri. Kwaheri.

 

[SYLLOGIST!]

Ume unga unga mambo mengi sana tu hapa. Ukiwa na dhamira moja, nayo ni kuwadhihaki Watanzania na kuendekeza uchafuzi wa makusudi wa Serikali mahiri ya Hayat Rais. John Pombe Magufuli(R.I.P)

Ieleweke pia, Hayat Rais alikuwa katika vita kubwa kuwahi kutokea Afrika, vita kubwa ya Kiuchumi. Itoshe kusema haya makesi yana lengo la kuwazima wale wote wenye kuwa na dhamira za kuondoa au kuridhia mikataba mibovu Nchini mwao. Hayat Magufuli alikuwa bingwa wa hayo, unakumbuka #Whatwouldmagufulido?
itoshe ....kesi kama hiyo, pia, huwa zinaendeshwa kipropaganda.

Niongeze......
.....Huyo CHat sijui nini hajui kiswahili, na hivyo basi kukufanya wewe mleta mada kuwa ndio uliefanya kutunga mambo na kuunganisha na majibu au vielelezo na taarifa ambazo zimekusanywa na huyo chati nani sijui, taarifa hizi zipo Mitandaoni na vianzo vingine tu isitoshe vielelezo vingine hapo juu havina mantiki au havihusiani moja kwa moja na mada yako. Vina kufanya uwe miongoni mwa Wapotoshaji.

Vilevile Ni dhahiri pamoja na yote wanayoyasema watu wa nje sisi Watanzania na Waafrika kwa ujumla tunajua tumekuwa tukiibiwa au kupunjwa fedha na tija zingine kwenye masoko ya nje, dhidi ya rasilimali zetu.
..... Tumekuwa tunakandamizwa na sheria zilizolalia upande mmoja ikija kwenye maeneo ya "Uwekezaji'. Huo ndio Uhalisia.

Hivyo basi, ninaweza kusema unatulaghai Wananchi. Ninaweza kusema hayo uliyoyabandika juu ni mauchafu uchafu.


Aluta Continua

 

[MbantuOG]

Ume unga unga mambo mengi sana tu hapa. Ukiwa na dhamira moja, nayo ni kuwadhihaki Watanzania na kuendekeza uchafuzi wa makusudi wa Serikali mahiri ya Hayat Rais. John Pombe Magufuli(R.I.P)

Ieleweke pia, Hayat Rais alikuwa katika vita kubwa kuwahi kutokea Afrika, vita kubwa ya Kiuchumi. Itoshe kusema haya makesi yana lengo la kuwazima wale wote wenye kuwa na dhamira za kuondoa au kuridhia mikataba mibovu Nchini mwao. Hizi kesi pia huwa zinaendeshwa kipropaganda.

Niongeze......
.....Huyo CHat sijui nini hajui kiswahili, na hivyo basi kukufanya wewe mleta mada kuwa ndio uliefanya kutunga mambo na kuunganisha na majibu au vielelezo na taarifa ambazo zimekusanywa na huyo chati nani sijui, taarifa hizi zipo Mitandaoni na vianzo vingine tu isitoshe vielelezo vingine hapo juu havina mantiki au havihusiani moja kwa moja na mada yako. Vina kufanya uwe miongoni mwa Wapotoshaji.

Vilevile Ni dhahiri pamoja na yote wanayoyasema watu wa nje sisi Watanzania na Waafrika kwa ujumla tunajua tumekuwa tukiibiwa au kupunjwa fedha na tija zingine kwenye masoko ya nje, dhidi ya rasilimali zetu.
..... Tumekuwa tunakandamizwa na sheria zilizolalia upande mmoja ikija kwenye maeneo ya "Uwekezaji'. Huo ndio Uhalisia.

Hivyo basi, ninaweza kusema unatulaghai Wananchi. Ninaweza kusema hayo uliyoyabandika juu ni mauchafu uchafu.


Aluta Continua

Mbona kuna maangalizo(juu ya usahihi wa ilo andiko)Mwingine anaweza pia kujifunza kwamba, "Tusiamini hizi akili bandia lengo lake ni kuchafua serikali yetu tukufu" Mwingine anaweza enda pima kimombo chake katika kesi nzima yenye masaa zaidi ya 12.

 

[SYLLOGIST!]

Mbona kuna maangalizo(juu ya usahihi wa ilo andiko)Mwingine anaweza pia kujifunza kwamba, "Tusiamini hizi akili bandia lengo lake ni kuchafua serikali yetu tukufu" Mwingine anaweza enda pima kimombo chake katika kesi nzima yenye masaa zaidi ya 12.

Umesomeka mkuu.
Tuendelee Nchi ni yetu sote, Tujibane hivihivi....nasikia wenzetu wana mwakwao Dubai, Omani na kwingineko. Tujibane tu.

Mpaka kieleweke.