Something for the doomsayers to chew on. 'The Barrick-Tanzania deal sets a new Government endorsed standard and establishes a workable model for foreign direct investment in mining in Tanzania. This model is less onerous than in many other African mining jurisdictions.'
"Chairman of Walkabout Resources Ltd, Mr Trevor Benson said; “The partnership philosophy of which Mr Bristow speaks is identical to that upheld by Walkabout Resources in developing the Lindi Jumbo Project. The commitments agreed by Barrick highlight the confidence they have in continuing to invest in Tanzania and these will be significant in underpinning the transformational changes implemented by the Government of Tanzania some years ago. For Walkabout, and other companies operating in Tanzania, the Barrick settlement is a significant positive step in once again attracting investment back into the Country.” NLN.
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