{"id":108084,"date":"2024-04-03T21:49:36","date_gmt":"2024-04-03T21:49:36","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt"},"modified":"2024-04-03T21:59:29","modified_gmt":"2024-04-03T21:59:29","slug":"buckreef-pays-13bn-as-taxes-fees-to-govt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt","title":{"rendered":"Buckreef pays 13bn\/- as taxes, fees to govt"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>GEITA:<\/b> BUCKREEF Gold Mining has paid various taxes and fees to the government worth 13bn\/- in three years from its mining operations.<\/p>\n

This was unveiled by the State Mining Corporation (STAMICO) to the Parliamentary Standing Committee on Public Investment (PIC) during their visit to Buckreef Gold Mining in the Geita Region recently.<\/p>\n

\u201cThe taxes and fees paid from 2021 to 2024 have supported the government in providing essential services and infrastructure development, ranging from education and healthcare to transportation and public amenities,\u201d the STAMICO report stated.<\/p>\n

Buckreef is owned jointly by the state-owned corporation STAMICO (45 per cent) and TRX Tanzania, a subsidiary of the international corporation TRX Gold (55 per cent).<\/p>\n

The report stated that Buckreef Gold Mining operations expanded and so did its contributions to the local community and the government.<\/p>\n

The company recognised the importance of being a responsible corporate and made significant efforts to support the socioeconomic development of the region.<\/p>\n

The report showed that the impact of Buckreef\u2019s contributions was felt far and wide, as it brought about positive changes in the lives of countless individuals.<\/p>\n

The mining company contributed 478m\/- through its Corporate Social Responsibility which was spent in building schools and hospitals, ensuring access to quality education and healthcare for the local population.<\/p>\n

Further, the CSR funds helped in the construction of roads connecting remote villages to major cities and fostering economic growth.<\/p>\n

The mining firm also supported the development of clean water supply systems, providing safe and clean drinking water to communities that had long suffered from scarcity.<\/p>\n

Furthermore, recognising the importance of environmental sustainability, Buckreef Gold Mining took great care in implementing responsible mining practices.<\/p>\n

The company invested in cutting-edge technologies to minimise its ecological footprint and rehabilitate any land affected by mining activities.<\/p>\n

\u201cThey embraced reforestation efforts and supported wildlife conservation to preserve the natural beauty and biodiversity of the region,\u201d the report explained.<\/p>\n

Moreover, the report said the mining company is empowering local entrepreneurs and fostering job creation in adjacent industries.<\/p>\n

\u201cSmall businesses thrived, and new employment opportunities emerged, bringing economic stability and hope to the people,\u201d the report stated.<\/p>\n

Speaking in an interview, one of the Buckreef shareholders, the TRX Senior Vice President and Managing Director for Tanzania, Mr Khalaf Rashid said TRX has reaffirmed its commitment to continue working closely with the government to ensure the prosperity of gold mining.<\/p>\n

\u201cTRX Gold is dedicated to expanding the Buckreef gold project. To achieve this, we have begun talks with our partners, STAMICO and the Government to review and enhance our current agreements, facilitating increased financial and technical investment in the project,\u201d he noted.<\/p>\n

He said the legacy of this remarkable mining operation would forever be etched in the annals of Buckreef\u2019s history, reminding future generations of the power of responsible mining and the positive impact it can have on both the Earth and its inhabitants.<\/p>\n

He said Buckreef stands as a shining testament to the transformative power of gold mining done right. It serves as a reminder that the pursuit of wealth can coexist harmoniously with environmental preservation, community development, and governmental progress.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. GEITA: BUCKREEF Gold Mining has paid various taxes and fees to the government worth 13bn\/- in three years from its mining operations. This was unveiled by the State Mining Corporation (STAMICO) to the Parliamentary Standing Committee on Public Investment (PIC) during their visit to Buckreef Gold Mining in the Geita Region recently. […]<\/p>\n","protected":false},"author":84,"featured_media":108082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,711],"class_list":["post-108084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nBuckreef pays 13bn\/- as taxes, fees to govt - Tanzania<\/title>\n<meta name=\"description\" content=\"GEITA: BUCKREEF Gold Mining has paid various taxes and fees to the government worth 13bn\/- in three years from it ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buckreef pays 13bn\/- as taxes, fees to govt\" \/>\n<meta property=\"og:description\" content=\"GEITA: BUCKREEF Gold Mining has paid various taxes and fees to the government worth 13bn\/- in three years from it ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-03T21:49:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T21:59:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165268.146121.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"477\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Buckreef pays 13bn\/- as taxes, fees to govt\",\"datePublished\":\"2024-04-03T21:49:36+00:00\",\"dateModified\":\"2024-04-03T21:59:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt\"},\"wordCount\":536,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/04\/sm_1712165268.146121.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/buckreef-pays-13bn-as-taxes-fees-to-govt\",\"name\":\"Buckreef pays 13bn\/- as taxes, fees to govt - 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