Mining

Tanzania is the third largest gold producer in Africa. Although large-scale foreign investment is a relatively recent phenomenon, gold exploration and mining have a long history in the country.

A mining license or permit is required at various stages of a mining companies life. We have done work for some of the leading mining companies around the world.

Our team has been consulted for mining financing, mergers and acquisitions, structuring and negotiating joint ventures, and arrangements for goodwill. Our task is to distinguish between ‘legal’ and ‘illegal’ mining. These are loaded terms with more than just jurisprudential connotations and consequences.

Our experience in Mining

Represented a leading mining company in a mining licence dispute worth over

USD 200M

Acted for a mining company in a dispute against a supplier on breach of contract, dispute value worth

USD 23M

Represented an international mining company in tax disputes on withholding tax, stamp duty, customs duty, income tax including indirect transfer of shares exceeding in total

USD 22B

Successfully handled transfer pricing litigation on notional interest on intercompany loan by a leading Canadian mining company to its Tanzanian subsidiary.
Advised a multinational mining company on VAT issues related to importation of services under reverse charge mechanism.
Advised a leading gold mining company having Mining Development Agreements (MDAs) with the Government of Tanzania on the issue related to specific relief as provided under the VAT Act.
Acquisition of a mining company with one of its main assets in Tanzania by way of a scheme through change in shareholding at holding company level, value worth over USD 1B.
Represented a mining company in issues related to its rights over a retention licence over a block worth over an estimated USD 75M+.
Acted for leading mining companies to ensure compliance of special mining licences, mining licences, prospecting licences amongst other licences under the Mining Act and its regulations.
Acted for leading mining and oil and gas companies on tax compliance and tax consultancy on disputes.
Represented a mining company in issues related to its rights over a special mining licence worth over USD 500M.
Consulted for a copper mining company from Asia on concession rights and mining licence, value USD 21M.
Consulted for some of the biggest names in the mining industry and acquired over 200 prospecting licences, in addition to converting primary mining licences to mining licences.
Conducted an environmental and social impact assessment of two mines in line with local legislation.