AngloGold initiates arbitration proceedings over new Tanzania legislation

July 13, 2017

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Concerned about newly enacted legislation in Tanzania, gold mining major AngloGold Ashanti is seeking a “constructive dialogue” with the Tanzania government to gain assurance that its operations will not be affected by newly enacted legal and fiscal changes to the country’s mining legal regime. AngloGold noted on Thursday that its indirect subsidiaries, Samax Resources and Geita Gold Mining were parties to a Mine Development Agreement (MDA) in relation to the development and operation of the Geita gold mine, in Tanzania, which governs the relationship between the subsidiaries and the Tanzania government in relation to Geita mine.

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