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Miners in Tanzania vs AU mining index /2jEzQpH. EXPORT BANS . The first serious blow to mining companies this year came in March, when Tanzania banned the export of gold and copper ore over a tax dispute with the country's biggest gold miner, Londonlisted Acacia, and to encourage the construction of domestic smelters.
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Mar 19, 2012 · A LOCAL company has invested over one million US dollars (about 16bn/) on copper oxide ore smelting plant in Dar es Salaam with more in sight to expand its business.
According to statement by Acacia's chief executive officer Brad Gordon the company's verified data shows that the 277 containers at Dar es Salaam port contain 26,000 ounces of gold in total, meaning each container has an average of 3 kg (100 ounces) of gold, 3 kg of silver and 3,000 kg of copper.
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It will also produce indiive prices of minerals with reference to local and international markets for the purpose of assessment and valuation of minerals and assessment of royalties. Passage of the legislation for the commission followed months of wrangling between the government and the country's biggest gold miner, Londonlisted Acacia .