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Chinese firms to build gold smelter and refineries in Tanzania
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 ...
Glint Completes L5 Million Private Placement
and Welcomes Sprott as Strategic Investor
Company Announcement
Thursday, June 13, 2019
Glint Pay Inc. (glintpay.com), the first-mover company that enables physical gold to make instant payments using a debit Mastercard, today announced the completion of a private placement of L5 Million in London-based parent Glint Pay Ltd. The financing was led by Sprott, an alternative asset manager and a global leader in precious metal and real asset investments with approximately $8 billion in assets under management.
Founded in the United Kingdom in 2016, Glint established the first app-based account in February 2018 giving clients in Europe a low-cost way to buy, sell, and save physically allocated gold and for the first time instantly spend it via the Glint Mastercard anywhere Mastercard is accepted. Glint Pay then added multiple currency wallets, including U.S. dollars, British pounds, and euros in July 2018. The company is working on its launch into the United States. ...
... For the remainder of the announcement:
https://glintpay.com/en_us/glint-en_us/glint-completes-5-million-private...
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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