Encouraging Developments in Tanzania 2.0

Hi all

I thought I would start a new thread with positive developments in Tanzania,

Today Peak resources who have applied form a SML (rear earths) in Tanzania,

Here are a few parts from Todays ASX announcement that should give us some indication of when we are likely to get the important green light from the commission for our existing mining license.

When were KNL meeting with the commission ?
I love Peak's banking update.


"Peak’s General Manager of Development Lucas Stanfield met with the Honorable Minister for Minerals Angellah Kairuki in Dar Es Salaam last week to discuss the progress of the Company’s SML application. The Minister confirmed that following the official inauguration of the Mining Commission on the 30 May 2018 she has instructed the Commission to commence processing the pending SML application as quickly as possible. Minister Kairuki informed Mr. Stanfield that she is expecting to be able to present the applications to the cabinet for final approval in a matter of weeks. While the Minister did not confirm an exact date, she did state that the Commission is under her instruction to fast track all SML’s and that it would be weeks and not months before licences are granted. She noted the ability of the Mining Commission to act quickly has been proven with some 7,000 mineral licences having been approved since the Commission started operating at the beginning of May as evidence of this.

Clarification provided by the Minister on the use of Local Banks
The meeting with the Minister also gave Peak the opportunity to gain clarity on the requirement to use an indigenous Tanzanian bank as set out in The Mining (Local Content) Regulations, 2018. The Minister confirmed that it will be acceptable for companies to use locally registered banks, not just indigenous Tanzanian banks, and that the Ministry was in the process of amending this requirement. This amendment is welcomed by the Company and will allow for easier access to the international financial institutions for project funding. The move is also representative of the government’s willingness to listen and to work with mining companies to encourage investment. This willingness was also made public by both Deputy Ministers for Minerals at a meeting with stakeholders in Arusha on the 14 February 2018. “The law is not a bible, so whenever we find shortcoming on the law and confirm (satisfy ourselves) that it is an obstacle we will sure be ready to amend it with no doubt.” said Deputy Minister Biteko

Link to the Announcement, Please DYOR
https://hotcopper.com.au/threads/an...d-by-mining-commission.4250874/#post-33777988