THIS POST WAS ORIGINALLY PUBLISHED APRIL 30, 2008
African Mining: Tanzania
Location: Eastern Africa, bordering the Indian Ocean, between
Kenya & Mozambique
Area: 945,087 km2
Border
countries: Burundi, Congo, Kenya, Malawi, Mozambique,
Rwanda, Uganda, Zambia
Population: 40.2 M
Capital:
Dodoma (legislative capital), Dar es
Salaam
Time
Difference: GMT
+2 (Jakarta -4)
President:
Jakata Kikwete
Major
infectious
diseases:
degree
of
risk:
very high;
food or
waterborne diseases: bacterial
diarrhea, hepatitis A, and
typhoid
fever
Vectorborne
diseases : malaria
and plague
Water
contact
disease: schistosomiasis
Natural resources: tin, phosphates, iron
ore, coal, diamonds, gemstones, gold, natural gas, nickel
Official
languages: Swahili,
English
Industries: agricultural processing (sugar,
beer, cigarettes, sisal twine);
diamond,
gold, and
iron mining, salt, soda ash; cement,
oil
refining,
shoes, apparel, wood products,
fertilizer
Export
Commodities: gold,
coffee, cashews nuts, manufacturers, cotton
Export
Partners: China,
India, Netherlands, Japan, UAE, Germany
Import
Commodities: consumer
goods, machinery & transportation equipment,
industrial
raw materials
Import
Partners: South
Africa, China, Kenya, India, UAE, Zambia
Exchange
Rate: 1
dollar (USD) = 1,255 Tanzanian shillings (TZS)
Scope:Mining
makes up about 50% of country’s annual earning. Large scale mining employs
about 8,400 people; small scale
(artisan) 20,000.
Investment
climate:
• A
globally competitive tax and regulatory regime for mining investors
•
Accelerated and simplified handling of investment proposals
•
Guaranteed access to foreign exchange for repatriation of profits
•
Investors are protected against nationalization
•
Property guarantees under Multilateral investment Guarantee Agency
Mining
Tax:3%
royalty to government; 30% corporate tax after the mining company becomes
profitable. Offset equipment and
machinery costs against earnings
Major
mining companies: AngloGold
Ashanti, De Beers, RandGold, Barrick
Gold, Resolute Mining
Minerals:
Coal:
substantial resources of low sulphur
coal, but currently on small scale exploitation. Major coal deposits are
located in the Lake Nyasa and Karoo Super Group.
Iron
Ore:
several settings of deposits — North of Ruhuhu
River.
Base
Metals: most
notable — copper and lead. Zinc — never produced in country.
No comments:
Post a Comment