Maybe after all the other graphite companies in Tanzania have been wound up they might change the rules for Magnis. We already know the negotiation skills of Magnis are far superior then others. Don't believe me? Read this.
• Amendments to original SEZ license increases value-addition from the Nachu Graphite Project
• Magnis to progress development plans given stability provided by amended SEZ • SEZ license permits 100% ownership by Magnis Resources Limited
• Legislative amendments allow for International Arbitration if disputes arise
• Revenues from product sales to be paid into overseas bank accounts – defraying major sovereign risk
• Fiscal stability ensured with a range of incentives including a favourable 10-year corporate tax-free period
• Magnis has the option to enter agreements with other graphite miners in Tanzania for processing and marketing of graphite
And what are the others doing? Waiting in a queue.
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- Ann: Tanzanian Update on Nachu Graphite Project
Ann: Tanzanian Update on Nachu Graphite Project, page-147
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