Chinese firms to build gold smelter and refineries in Tanzania

Section:

By Fumbuka Ng'wanakilala
Reuters
Wednesday, July 24, 2019

DAR ES SALAAM, Tanzania -- Tanzania said on Wednesday it had awarded licences for the construction of a mineral smelter and two gold refineries to Chinese firms, as part of government efforts to generate more revenues from the nation’s mining industry.

Minerals Minister Doto Biteko said the Chinese companies would also soon be awarded licences for mines, each of which would require investment worth more than $100 million.

... Dispatch continues below ...



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He did not name the firms or give details about the mining or other projects in the East African nation, Africa's fourth-biggest gold producer after South Africa, Ghana and Mali.

President John Magufuli banned the export of mineral sand in March 2017, a concentrate that contains silver, copper, gold, and other minerals, sparking a $190 billion tax dispute with Acacia Mining, which already has mining operations in Tanzania. ...

... For the remainder of the report:

https://www.reuters.com/article/tanzania-gold/chinese-firms-to-build-gol...

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