Deal #7750

Tanzania
Created at
2020-02-15
Last update
2020-03-06

Land area

Intended size
232 ha
Size under contract (leased or purchased area)
  • [2015-01-10, current] 232.0 ha

Intention of investment

Intention of investment
  • [2015-01-10, current] Mining (232.0 ha)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [current] Concluded (Contract signed)
Comment on negotiation status
Petra Diamonds has suspended operations at one of its mines in Tanzania. Williamson mine has been blocked from export to its marketing office in Antwerp, and said operations at the mine have been stopped due to health, safety and security reasons.

Implementation status

Implementation status
  • [2017-09-11, current] Project abandoned
Comment on implementation status
Source: Financial times report

Leasing fees

Annual leasing fee
1 112 000
Tanzanian Shilling
for specified area
Annual leasing fee area
232 ha
Comment on leasing fee
1112000 Tanzanian Shilling per year for total 232 ha of land