Repossessing Idle Privatised Firms for Job Creation

The government has unveiled measures aimed at preventing the total collapse of privatised factories.

A 19-day ultimatum was issued yesterday to investors running non-performing privatised firms to kick-start production or risk losing the factories.

Other measures announced by Industry, Trade and Investment minister Charles Mwijage include controlling sub-standard and

Tanzania leading East Africa in attracting foreign direct investments this year.

TANZANIA is keen to boost trade and investment relations with China as the nation seeks to transform from agricultural to semi-industrial economy, the Permanent Secretary in the Ministry of Industry, Trade and Investment Dr Adelhelm Meru has pledged.

He told journalists in Dar es Salaam over the weekend Dr Meru said China has been

Tanzania Living the Dream-Liner

Second Dreamliner for Air Tanzania

BUDGET 2017/18 SETS ASIDE DOWNPAYMENT FOR DREAMLINER NUMBER 2

News are coming out of Tanzania that the recently presented budget to the national parliament has apparently build in the down payment for a second Boeing B787 Dreamliner, which, if and when confirmed, would bring the order to two wide body jets.

"Mr. Speaker, the arrival of the two Bombardier Dash 8 – Q400 aircraft with the existing Dash 8 – Q300 airline enabled ATCL to provide air transport services in

RNS - Corporate Update & New Website

20 July 2017

Aminex plc

 ("Aminex" or "the Company")

Corporate Update and New Website

Aminex is pleased to report that it has now received a further payment from Tanzania Petroleum Development Corporation ('TPDC') for Kiliwani gas sales. The Company continues to work with TPDC to bring arrears fully up to date. Aminex has a strong balance sheet and is a debt-free gas producer. Production from the Kiliwani North 1 well continues to average 15 MMcf/d during 2017.

In the Ruvuma area the Company is

Three Power Hungry Tanzania Construction Projects Underway

Roads - Cities - Housing

All major projects, all with a need for vast quantities of power and energy

Tanzania: JPM Embarks On Road Project Launch Marathon

PRESIDENT John Magufuli is scheduled to officially launch construction of nine road projects in Kagera, Kigoma and Singida regions as well as Tabora airport between tomorrow and next Tuesday.

In Kagera, Dr Magufuli is expected to launch the

Mobile to Mobile saving could increase funds entering the Tanzanian economy by tens of billions of shillings

WorldRemit is partnering with leading mobile money operators to increase mobile-to-mobile remittances and unlock the millions lost in sending money to Tanzania from around the world.

WorldRemit, a leading international mobile money remittance company, said the mobile-to-mobile transfers to Tanzania can cut the overall costs of remittances for both the senders and recipients by as much as 50 per cent.

A recent report from FSD Africa reveals that Tanzania is the most

New Phase1 Tanzanian Gas Pipeline Aids Aminex Cause by Cutting Straight Through to Ruvuma

Considering that the market for natural gas is scattered throughout the country and beyond, investments into local and regional transmission pipelines routes are proposed arbitrarily to be done in phases of five years period.  The tentative phasing proposed in

Aminex PLC Solo Oil PLC - Ntorya-2 - Giant - Significant - Horrendous

Solo Neil Ritson Stated

“Tanzania – A country considered by many as the new energy hub of Africa”

“Discovered a Major Gas Condensate filed at Ntorya”

“Onshore appraisal underway”

“Pipeline systems needed to monetise are already in place”

“It is already Commercial”

“Reserves potential indicate it could be a GIANT”

The above was stated in December 2016 prior to the RNS from Aminex PLC 6^th February 2017…

Aminex is pleased to announce that the Ntorya-2 appraisal well has been

Aminex Unofficial Now Ranked on Bing

Feeling quite pleased that the blog has now been ranked on the Bing search engine.  In a straight search for Aminex the blog comes up ranked 100 which is bottom of page 10.  It's not shaking any trees in that

io Press release

io is pleased to announce it has been appointed by Aminex PLC to assist with the development of the Ntorya field.

io is pleased to announce it has been appointed by Aminex PLC to prepare a gas commercialisation study to assist with the development of the Ntorya field, part of the Aminex’s Ruvuma PSA acreage in Tanzania. The study is designed to identify gas monetisation options available to Aminex, including potential early

Signing up a Wealth of Experience!

Io Oil & Gas – Baker Hughes a GE Company – GE Oil & Gas - McDermott

Could this be the team to realise the potential of Aminex?

Aminex announced Appointment of io oil & gas consulting to Conduct Gas Development Study

On 10th July Aminex-PLC stated that they are pleased to report the appointment of io oil & gas consulting, a Baker Hughes, a GE Company, and McDermott joint venture, to prepare a gas commercialisation study to assist with the development of the Ntorya field, part of the Company's Ruvuma PSA acreage in Tanzania. The study is designed to identify gas monetisation options available to the Company including potential early development facilities to supply gas to local market and enable near term revenue generation.

The Ntorya-2 appraisal well was drilled earlier this year and successfully tested in March 2017 at a stabilized rate of 17 million cubic feet per day. The well was suspended for future production. Aminex's management estimates that the Ntorya appraisal area has Pmean GIIP of 466 billion cubic feet.

Gas from longer-term development of the field is
expected to be supplied to the Natural Gas Pipeline and in conjunction with this Aminex is keen to implement solutions for early monetisation of Ntorya gas prior to full field development and construction of associated infrastructure. The Company may explore options to collaborate further in the future with io oil & gas consulting and to leverage Baker Hughes, a GE Company, and McDermott expertise in developing gas infrastructure in Tanzania.

Here we take a look at the team...

TPDC Model Production Share Agreement

ARTICLE 9: DISCOVERY, APPRAISAL AND DEVELOPMENT

(a) If Petroleum  is discovered in the Contract Area, Contractor shall:

(i) prior to notification to any third party forthwith notify TPDC which will thereafter notify the Commissioner;

(ii) within thirty (30) days after the date of such discovery provide TPDC and the Minister with all available information regarding the discovery, including  a preliminary classification of the discovery as Crude Oil or Natural Gas to meet the requirements of Section 31(1) and 31(2) of the Act;

(iii) within ninety (90) days after the date of such discovery provide TPDC and the Minister with all information to ascertain the chemical composition, physical properties and quantitytomeettherequirementsofSection32oftheAct;

(iv) within one hundred and twenty (120) days from the

Aminex Commercialisation Study

Source proactive

Aminex appoints Blue Chip Consultant to Conduct Development Study

Aminex plc

("Aminex" or "the Company")

Appointment of io oil & gas consulting to Conduct Gas Development Study

Aminex is pleased to report the appointment of io oil & gas consulting, a Baker Hughes, a GE Company, and McDermott joint venture, to prepare a gas commercialisation study to assist with the development of the Ntorya field, part of the Company's Ruvuma PSA acreage in Tanzania. The study is designed to identify gas monetisation options available to the Company including potential early development facilities to supply gas to local market and enable near term revenue generation.

The Ntorya-2 appraisal well was drilled earlier this year and successfully tested in March 2017 at a stabilized rate of 17 million cubic feet per day. The well was suspended for future production. Aminex's management estimates that the Ntorya appraisal area has Pmean GIIP of 466 billion cubic feet.

New Energy Investment Welcomed in Tanzania

Tanzania welcomes Chinese businesses to invest in its potential infrastructure and other sectors, the country's president John Magufuli told a Chinese industry association official in May, according to Tanzanian official newspaper report.

Zhang Xin, vice-chairman of the China National Machinery Industry Federation, visited Tanzania in late May.

When meeting with Zhang in Dar es Salaam - the nation's capital - Magufuli said that his government will support investors from China in the country's power, manufacturing and agricultural sectors, Daily News reported.

Tanzanian Law Changes Fact Not Fiction

Tanzanian Law Changes Fact Not Fiction

Having read so much speculative fiction about what this means to Aminex over the last fortnight I've done a little digging and just as I expected in principal it is all about the miners and putting a few wrongs right!

Amendment of the Mining Act - Pages 7 to 69
Includes changes to 24 sections

Amendment of the Petroleum Act - Pages 69 to 71
Includes changes to only 2 sections

Amendment to the Income Tax Act - Pages 71 - 75
Includes changes to 6 sections

Source PDF Document Tanzanian Special Bill Supplement

Gas Development Getting Under Way - Solo Farm out on the way!

Tanzania

“We have a Gas production there!  We have a Gas development getting under way!”

Net asset Value (NAV)  "Onshore gas discovery in Tanzania was recently rated at about $100 million net to our share risked"

Farm out

"Our plan going forward at this stage is to do what the industry calls a farm out" or "to  sell out completely"

"In the next few months this farm out or monetisation event of our big gas discovery we are looking to create that. Farm outs take a long time to do in the oil industry. The average time is about twelve months so it does take a serious amount of effort to get the right commercial arrangements whether you are selling or farming down, bringing in a new equity partner but we are on that trail now"

Ntorya

"We have seen condensate" - "beginning to see some evidence of oil as well"

Gas

"We can take this immediately to the pipe line or indeed immediately to a CNG we can compress it at site and sell it into the local market".  "Development study should be underway shortly"

Top British Diplomat Visits Tanzania

UK's Head of Diplomatic Service in Dar es Salaam on a 2 day visit.

Sir Simon McDonald, Permanent Under Secretary and Head of Her Majesty’s British Diplomatic Service is on a visit to Dar es Salaam helping to cement the close relationship between Tanzania and the UK, Tanzania’s number one foreign direct investor.

The Chinese are Coming

This video first shown on BBC in 2011 in the documentary "The Chinese are Coming" shows from 51 minutes 10 seconds that there is a special relationship with Tanzania and this falls into line with the investments still continuously pouring into the country six years later.  With future investments already agreed and more in the pipeline, it looks like they are in Tanzania for the long term!

View final section Special Relationship with Tanzania

Solo Broker Points to Price Four Times Higher as Shares Rally

Solo Broker Points to Price Four Times Higher as Shares Rally from a low of .23

Aminex and Solo both recently published operational updates.

At Kiliwani North, in which Solo has a 7.25% interest, production averaged 15 million cubic feet per day to May 2017.

Meanwhile at the flagship Ntorya gas project, Aminex is now working with the Tanzanian Petroleum Development Company on an early production solution.

Aminex is also considering a third well (NT3) which has a high chance of adding to Ntorya’s 186 BCF 2C resource.

Tanzania - Lines up with the Rest of World over Mineral Rights

Mineral rights ownership – what is it?

Mineral rights ownership refers to who owns the rights to extract minerals – that is, oil, gas, gold, coal and other metals and minerals – from lands located in that country. This ownership is very important, since the rights confer considerable potential for profit from the extraction of these minerals.

In virtually all countries around the world, the owner of the surface land – be it a house or farmland – has absolutely no rights with regards to mineral ownership. Indeed, it is the central governments or monarchs who own such rights. For example, in the United Kingdom, the Queen in theory owns all the rights to extract minerals from all lands in the country, including those lands located offshore. In practice, of course, this ownership is actually governed by the central government.

Tanzania Endorses Bills On Natural Resources

Parliament yesterday passed two mineral resources bills after a highly partisan debate that affected the quality of new inputs to the proposed laws.

$345 Million Gateway Project backed by World Bank - Capacity to increase to 25 million tons

The capacity of the Port of Dar es Salaam will be increased to 25 million tons over the next seven years following the World Bank Board of Executive Directors’ approval of a $345 million credit and a $12 million grant to the new Dar es Salaam Maritime Gateway Project (DSMGP). The investments in the Port will also improve waiting time to berth from 80 hours to 30 hours as well as overall productivity.

“The Port of Dar es Salaam is vital for the economies of Tanzania and neighboring countries,” said Bella Bird, World Bank Country Director for Tanzania who also oversees Malawi, Burundi and Somalia. “Enhancing its operational potential will boost trade and job creation across the region, and reduce the current cost of $200-400 for each additional day of delay for a single consignment.”

Legislation Principally Aimed at Miners - Listing is Requirement of Mining act 2010

Capital Drilling Ltd stated in an RNS today that "the suggested changes to the legislation are principally focused on mining groups and the percentage of local ownership"

Tanzania: Govt - Dangote, Mining Firms Have 3 Months to List On DSE

Dodoma — The government has said 12 mining companies, including Dangote Industries Limited, must start processing of listing a minimum of 30 per cent of each company's shareholding at the Dar es Salaam Stock Exchange by August this year.

Tabling the budget of the Energy and Minerals ministry yesterday, the minister of Industry, Trade and Investment, Mr Charles Mwijage, named other mining firms that should list at the DSE by August as Acacia's owned Bulyanhulu and North Mara Gold Mine as well as Pangea Minerals Ltd.

30 Countries Attending 41st Tanzanian Trade Fair

Over 500 companies from 30 countries across the globe are attending DITF. The President commends participants especially those from foreign countries for attending the trade fair.

President Magufuli urged foreign participants to weigh up the possibilities of investing in Tanzania.

“We are working hard to address challenges for investors such as unreliable power”

Full article: The Citizen

Tanzania Mining Shake Up 'Put in Perspective'

Minister for Constitution and Legal Affairs, Prof Palamagamba Kabudi yesterday set the ball rolling by giving a tough presentation on three bills that are to be discussed in the House starting Monday.

The bills are expected to put the mining sector’s house in order after the dust from the recent revelation, by two special committees formed by President John Magufuli, of massive thievery and deception perpetrated by mining firms as a result of faulty mining contracts and laws, is still to settle.