Dynamic Business Environment in the Tanzanian Mining Sector

Samuel Mrisha

doi:doi:10.11648/j.ijber.20211001.11

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Dynamic Business Environment in the Tanzanian Mining Sector

Samuel Mrisha

Published in International Journal of Business and Economics Research (Volume 10, Issue 1)

Received: 23 September 2020 Accepted: 5 November 2020 Published: 12 January 2021

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Abstract

Developing countries strive to market their business environments so as to attract investment. However, the business environment is always dynamic and full of uncertainties. This article investigates the dynamic environment of the mining sector, highlighting on the case of Barrick Gold Corporation, Anglo Gold Ashanti and Shanta Gold which are the three dominant mining companies in Tanzania. The study also uniquely encompasses the Tanzanian Government position in instituting the changes in policy in efforts to improve the citizen’s welfare and boost the revenues emanating from the sector. A qualitative design was used in this paper and findings indicate that the mining environment in Tanzania is very favorable for investors, although few un-honest government officials have used the loopholes in the legal framework to benefit out of the situation. Lessons are learnt from the investor’s perspective and the government side and constructive dialogue is on the way to ensure that concerns from both parts are encompassed so as to attract further investment in the extractive sector and to ensure that the mining FDI abide to the laws without any potential room for deviating. Finally, the study predicts a bright future for Tanzania mining sector due to remarkable infrastructure projects that are under way including; the standard gauge project, hydroelectric power station and roads. These projects are likely to lower the costs of operation to the potential mining companies.

Published in	International Journal of Business and Economics Research (Volume 10, Issue 1)
DOI	10.11648/j.ijber.20211001.11
Page(s)	1-7
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Mining, Business Environment, Marketing Environment, Foreign Direct Investment

References

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APA Style

Samuel Mrisha. (2021). Dynamic Business Environment in the Tanzanian Mining Sector. International Journal of Business and Economics Research, 10(1), 1-7. https://doi.org/10.11648/j.ijber.20211001.11

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ACS Style

Samuel Mrisha. Dynamic Business Environment in the Tanzanian Mining Sector. Int. J. Bus. Econ. Res. 2021, 10(1), 1-7. doi: 10.11648/j.ijber.20211001.11

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AMA Style

Samuel Mrisha. Dynamic Business Environment in the Tanzanian Mining Sector. Int J Bus Econ Res. 2021;10(1):1-7. doi: 10.11648/j.ijber.20211001.11

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@article{10.11648/j.ijber.20211001.11,
  author = {Samuel Mrisha},
  title = {Dynamic Business Environment in the Tanzanian Mining Sector},
  journal = {International Journal of Business and Economics Research},
  volume = {10},
  number = {1},
  pages = {1-7},
  doi = {10.11648/j.ijber.20211001.11},
  url = {https://doi.org/10.11648/j.ijber.20211001.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20211001.11},
  abstract = {Developing countries strive to market their business environments so as to attract investment. However, the business environment is always dynamic and full of uncertainties. This article investigates the dynamic environment of the mining sector, highlighting on the case of Barrick Gold Corporation, Anglo Gold Ashanti and Shanta Gold which are the three dominant mining companies in Tanzania. The study also uniquely encompasses the Tanzanian Government position in instituting the changes in policy in efforts to improve the citizen’s welfare and boost the revenues emanating from the sector. A qualitative design was used in this paper and findings indicate that the mining environment in Tanzania is very favorable for investors, although few un-honest government officials have used the loopholes in the legal framework to benefit out of the situation. Lessons are learnt from the investor’s perspective and the government side and constructive dialogue is on the way to ensure that concerns from both parts are encompassed so as to attract further investment in the extractive sector and to ensure that the mining FDI abide to the laws without any potential room for deviating. Finally, the study predicts a bright future for Tanzania mining sector due to remarkable infrastructure projects that are under way including; the standard gauge project, hydroelectric power station and roads. These projects are likely to lower the costs of operation to the potential mining companies.},
 year = {2021}
}

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TY  - JOUR
T1  - Dynamic Business Environment in the Tanzanian Mining Sector
AU  - Samuel Mrisha
Y1  - 2021/01/12
PY  - 2021
N1  - https://doi.org/10.11648/j.ijber.20211001.11
DO  - 10.11648/j.ijber.20211001.11
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 1
EP  - 7
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20211001.11
AB  - Developing countries strive to market their business environments so as to attract investment. However, the business environment is always dynamic and full of uncertainties. This article investigates the dynamic environment of the mining sector, highlighting on the case of Barrick Gold Corporation, Anglo Gold Ashanti and Shanta Gold which are the three dominant mining companies in Tanzania. The study also uniquely encompasses the Tanzanian Government position in instituting the changes in policy in efforts to improve the citizen’s welfare and boost the revenues emanating from the sector. A qualitative design was used in this paper and findings indicate that the mining environment in Tanzania is very favorable for investors, although few un-honest government officials have used the loopholes in the legal framework to benefit out of the situation. Lessons are learnt from the investor’s perspective and the government side and constructive dialogue is on the way to ensure that concerns from both parts are encompassed so as to attract further investment in the extractive sector and to ensure that the mining FDI abide to the laws without any potential room for deviating. Finally, the study predicts a bright future for Tanzania mining sector due to remarkable infrastructure projects that are under way including; the standard gauge project, hydroelectric power station and roads. These projects are likely to lower the costs of operation to the potential mining companies.
VL  - 10
IS  - 1
ER  -

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Author Information

Samuel Mrisha

Department of Marketing and Entrepreneurship, School of Business, Mzumbe University, Morogoro, Tanzania

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APA Style

Samuel Mrisha. (2021). Dynamic Business Environment in the Tanzanian Mining Sector. International Journal of Business and Economics Research, 10(1), 1-7. https://doi.org/10.11648/j.ijber.20211001.11

Copy | Download

ACS Style

Samuel Mrisha. Dynamic Business Environment in the Tanzanian Mining Sector. Int. J. Bus. Econ. Res. 2021, 10(1), 1-7. doi: 10.11648/j.ijber.20211001.11

Copy | Download

AMA Style

Samuel Mrisha. Dynamic Business Environment in the Tanzanian Mining Sector. Int J Bus Econ Res. 2021;10(1):1-7. doi: 10.11648/j.ijber.20211001.11

Copy | Download

@article{10.11648/j.ijber.20211001.11,
  author = {Samuel Mrisha},
  title = {Dynamic Business Environment in the Tanzanian Mining Sector},
  journal = {International Journal of Business and Economics Research},
  volume = {10},
  number = {1},
  pages = {1-7},
  doi = {10.11648/j.ijber.20211001.11},
  url = {https://doi.org/10.11648/j.ijber.20211001.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20211001.11},
  abstract = {Developing countries strive to market their business environments so as to attract investment. However, the business environment is always dynamic and full of uncertainties. This article investigates the dynamic environment of the mining sector, highlighting on the case of Barrick Gold Corporation, Anglo Gold Ashanti and Shanta Gold which are the three dominant mining companies in Tanzania. The study also uniquely encompasses the Tanzanian Government position in instituting the changes in policy in efforts to improve the citizen’s welfare and boost the revenues emanating from the sector. A qualitative design was used in this paper and findings indicate that the mining environment in Tanzania is very favorable for investors, although few un-honest government officials have used the loopholes in the legal framework to benefit out of the situation. Lessons are learnt from the investor’s perspective and the government side and constructive dialogue is on the way to ensure that concerns from both parts are encompassed so as to attract further investment in the extractive sector and to ensure that the mining FDI abide to the laws without any potential room for deviating. Finally, the study predicts a bright future for Tanzania mining sector due to remarkable infrastructure projects that are under way including; the standard gauge project, hydroelectric power station and roads. These projects are likely to lower the costs of operation to the potential mining companies.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Dynamic Business Environment in the Tanzanian Mining Sector
AU  - Samuel Mrisha
Y1  - 2021/01/12
PY  - 2021
N1  - https://doi.org/10.11648/j.ijber.20211001.11
DO  - 10.11648/j.ijber.20211001.11
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 1
EP  - 7
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20211001.11
AB  - Developing countries strive to market their business environments so as to attract investment. However, the business environment is always dynamic and full of uncertainties. This article investigates the dynamic environment of the mining sector, highlighting on the case of Barrick Gold Corporation, Anglo Gold Ashanti and Shanta Gold which are the three dominant mining companies in Tanzania. The study also uniquely encompasses the Tanzanian Government position in instituting the changes in policy in efforts to improve the citizen’s welfare and boost the revenues emanating from the sector. A qualitative design was used in this paper and findings indicate that the mining environment in Tanzania is very favorable for investors, although few un-honest government officials have used the loopholes in the legal framework to benefit out of the situation. Lessons are learnt from the investor’s perspective and the government side and constructive dialogue is on the way to ensure that concerns from both parts are encompassed so as to attract further investment in the extractive sector and to ensure that the mining FDI abide to the laws without any potential room for deviating. Finally, the study predicts a bright future for Tanzania mining sector due to remarkable infrastructure projects that are under way including; the standard gauge project, hydroelectric power station and roads. These projects are likely to lower the costs of operation to the potential mining companies.
VL  - 10
IS  - 1
ER  -

Copy | Download