Gold on Monday reported that it had received the renewals of its
special mining licences (SMLs) at its North Mara project, in Tanzania.
The renewals of the licences were on the same terms and conditions as
the previous licences and were both for a period of 15 years.
The original North Mara SMLs were issued in February 2000 and had
expired in September 2011, since which time the mine had continued to
operate on the same basis owing to the rollover provisions contained
in the Tanzanian Mining Act.
Since the issue of the original SML 12 years ago, the mine had
produced over 2-million ounces of gold and had a further 3.5-million
ounces of gold remaining in reserves.
The company's SML 17/96 has been enlarged twice and now covers an area
of 31.3 km2, including both the Gokona and Nyabigena pits.
Its other licence, SML 18/96, had been enlarged six times and now
covers an area of 10.5 km2, including the Nyabirama pit.
"We have worked closely with the government over the past 18 months in
order to achieve the first renewal of a special mining licence in
Tanzania under the Mining Act 2010, and this highlights their focus on
ensuring there is a positive investment climate for Tanzania,"
commented African Barrick CEO Greg Hawkins.
http://www.miningweekly.com/article/tanzania-renews-african-barrick-special-mining-licences-2012-11-26
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