THIS....IS.....HUGE !!!! SML NEWS !!!!!, page-49

Question, this was from Jan 2020. Being 1 yr since !

Also if we get a SML, we be in TH to raise $100M. Better source out funds folks then for a capital raise...

https://www.peakresources.com.au/news/5314/

We are putting the final touches to the two special mining licence applications before forwarding them to the cabinet for consideration,” the Minerals minister, Dotto Biteko, told The Citizen over the phone.

A special mining licence requires an investor to make a minimum capital injection of $100 million into a mining project.

And due to the sensitivity of special mining licences, the cabinet has the final say, unlike other types of mining licences which are issued by the Minerals Commission.

Tanzania has not issued any special mining licence for many years now. Currently, mines with active special mining licences are: North Mara, Buzwagi and Bulyanhulu gold mines, all operated by Barrick Gold, which will trade as Twiga Mining Corporation.

The two firms are part of the three that had applied for special mining licences from the government. But, according to Mr Biteko, after thorough analysis, experts at the ministry decided that the two were deserving of the licences.

“We had to advise the third company to apply for a medium licence whose investment capital ranges between $10 million and $99 million,” he said.