MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Agreement with Tanzanian Government to progress Nachu, page-329

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,463 Posts.
    lightbulb Created with Sketch. 460
    "CNBC is an example of formal ... media ... that has ... distorted and ... misrepresented the facts."

    Really?
    Formal media seem to carry consistent 'exemption' story, including on CNBC banner below.

    CNBC.JPG


    March 9, 2018 - Magnis Resources reaches consensus in Tanzania
    https://www.miningreview.com/magnis-resources-reaches-consensus-in-tanzania/
    "The Special Economic Zone (SEZ) under the jurisdiction of the Department of Industry, Trade and Investment, governs the operation of the graphite processing plant and is not subject to the changes in the mining legislation promulgated last year."

    March 9, 2018 -Tanzania grants Magnis approval to operate graphite processing plant
    http://www.miningweekly.com/article...-operate-graphite-processing-plant-2018-03-09
    "The SEZ is under the jurisdiction of the Department of Industry, Trade and Investment, and is not subject to the changes in the mining legislation promulgated last year."

    March 13, 2018 -Tanzania approves graphite processing plant
    http://www.thecitizen.co.tz/News/Ta...sing-plant/1840340-4339416-blt403z/index.html
    "Mining Weekly reported this weekend that SEZ- which is under the jurisdiction of the Department of Industry, Trade and Investment - is not subject to changes in the mining legislation promulgated last year"

    March 26, 2018 -Tanzania Grant First License for Graphite Processing Plant
    https://www.tanzaniainvest.com/industry/first-license-graphite-processing-plant
    "MTT will own and operate 100% of the company’s processing plant at the Nachu Graphite Project under the laws applicable to the SEZ under the Export Processing Zone Authority (EPZA).

    March 9, 2018 - Magnis Agreement with Tanzanian Government to progress Nachu
    "The SEZ under the jurisdiction of the Department of Industry, Trade and Investment, governs the operation of the graphite processing plant and is not subject to the changes in the mining legislation promulgated last year."


    EPZA Public Notice - Daily News 12th April:
    "EPZA welcomes domestic and foreign investors in Special Economic Zones to participate in the national aspirations of Tanzania for industrialization. However, It should be known and clearly understood that licenses issued and granted by EPZA to companies engaged in mineral ore processing do not abrogate or invalidate the applicable laws and regulations pertaining to minerals and the mining sector."

    i.e Ore processing in a SEZ is not exempt from Tanzanian Mining Laws by virtue of holding EPZA Developer/Operator License.
 
watchlist Created with Sketch. Add MNS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.