Hi @Names little , @cazz69 and a few other non holders. It seems there is confusion amongst you about point 6 from yesterday.
6. Following the legislation changes to Acts relevant to the mining industry, the GOT has announced a ban on the export of unprocessed mineral concentrates which includes graphite concentrates. Magnis is not affected by this ban as the Company will be exporting value-added products. As the ban on concentrate export does not concern Magnis, the Company has not been involved in any lobbying of the GOT to revise its stance on the export of concentrates.
Now some of you asked how can a mineral concentrate be unprocessed?
The answer is simple. After the concentrate has been produced it need to go to that next processing level or as they are saying value add before it can leave the country. Now it comes down to He SEZ, she SEZ. Who has a SEZ?
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- Ann: Tanzanian Update on Nachu Graphite Project
Ann: Tanzanian Update on Nachu Graphite Project, page-80
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