Tanzania yashindwa kesi, yakubali kuilipa fidia Kampuni ya Montero Tsh. Bilioni 71 kwa kukiuka Masharti ya Mkataba

[Heparin]

Tanzania inadaiwa kudondokea pua katika mwendelezo wa kesi zinazoikabili ambapo sasa itatakiwa kuilipa Kampuni ya Montero zaidi ya Tsh. Bilioni 71 kama fidia kwa kukiuka masharti ya mkataba.

Inadaiwa kuwa tayari Novemba 20, 2024, Serikali imeshalipa Tsh. Bilioni 30 na zilizobaki inatakiwa kuzilipa mara mbili kati ya January na Februari 2025.

Imekuwa ni kawaida sasa kwa Tanzania kushindwa kwenye mahakama za kimataifa.

Rejea pia kesi hii: Tanzania kuilipa Indiana Resources Ltd Bilioni 237 baada ya kuvunja mkataba mwaka 2018. Yatanguliza Bilioni 92

Kesi nyingine: Wanasheria wa Serikali Wakwama Mahakama ya Kimataifa. Bilioni 300 Kuchotwa

Kwanini hii Serikali inakiuka ovyo mikataba na kutia hasara nchi? Kwanini wanasheria wetu wanatuangusha kiasi hiki? Kwanini kesi hizi zinaendeshwa kimya kimya? Au ni miradi ya upigaji wa watu? Maswali ni mengi.

UFAFANUZI ZAIDI​

Montero agrees to US$27 million settlement from Tanzania
November 20, 2024

Toronto, Ontario – November 20, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to report a US$27,000,000 settlement has been reached with the United Republic of Tanzania (“Tanzania”) in the dispute arising out of the expropriation of Montero’s Wigu Hill rare earth element project (“Wigu Hill”).

The settlement sum of US$27,000,000 (approximately CDN $38,000,000) due to Montero is payable in just over 3 months, with payments scheduled as follows:

• US$12,000,000– payable by 20 November 2024 –PAYMENT RECEIVED
• US$8,000,000– on or before 31 January 2025
• US$7,000,000– on or before 28 February 2025

The settlement sum represents ~39% of the US$70,000,000 initially claimed by Montero. This settlement obviates the need for a costly and time-consuming hearing, the risk of an adverse award, enforcement efforts, and finally concludes a near 7-year dispute.

Dr Tony Harwood, President and CEO of Montero commented: “I am pleased Montero was able to reach an amicable settlement with the government of Tanzania to bring a mutually beneficial end to this dispute. This resolution allows both parties to move forward, and we wish Tanzania every success in attracting new mining investment. I would like to thank our shareholders, board, management, and our legal and technical teams, for their valuable contribution to this outcome.”

ICSID Arbitration
Montero and Tanzania have sent a joint request to the arbitral tribunal to suspend the ICSID arbitration proceedings, as the first payment has been received by Montero. Subsequent payments are to be made by the specified dates provided. Provided the final payment has been received by Montero, the parties will request the arbitral tribunal discontinue the ICSID arbitration altogether.

Distribution of Funds
Montero and its litigation funding partner, Omni Bridgeway (Canada) will receive a distribution of the first payment. The second instalment will be distributed to Omni Bridgeway (Canada) and to Montero, and will also cover Montero’s operational needs and legal expenses, including payments to Boies Schiller Flexner UK LLP and Jeantet AARPI. Montero will entirely retain the final instalment.

Montero is planning a return of capital to shareholders where no amount has yet been determined and is subject to accounting review and board approval. In addition, Montero will retain funds to cover legal, taxation, and administrative expenses, including potential costs for arbitral proceedings, or enforcement actions if the second or third instalments are delayed or unpaid. The net amount of the award after repayment to the funder and legal expenses cannot be estimated with certainty and no assurances can be made. Further announcements will be made in due course.

Acknowledgments
The Board would like to especially thank Dr. Tony Harwood for reaching this settlement. Without his perseverance and significant efforts to not only develop Wigu Hill initially, but to then safeguard and recover Montero’s investment speaks to his dedication and commitment to the Company and shareholders. Special thanks also to directors, the balance of management, our loyal shareholders, legal advisers and accounting team for their steadfast support and dedication throughout nearly seven years of efforts to secure compensation for the Company’s investment in the Wigu Hill Rare Earth Project. Montero’s legal team includes Timothy Foden of Boies Schiller Flexner (UK) LLP and Martin Tavaut of Jeantet AARPI. Quantum and technical expertise provided by Dr. Neal Rigby of SRK Consulting (USA) Inc. with full dispute funding secured from Omni Bridgeway, a leading global dispute funder. This unwavering commitment enabled the Board to achieve a favourable outcome for the benefit of shareholders.

Disclaimer
The conclusion of the ICSID arbitration and payment of the remaining instalments is conditional on Tanzania’s compliance with the settlement agreement. The agreement does not provide for any security for the benefit of Montero in case Tanzania would not pay any instalment, in which case Montero can either resume the ICSID arbitration or seek enforcement of the settlement agreement.

About Montero
Montero has agreed to a US$27,000,000 settlement amount to end its dispute with the United Republic of Tanzania for the expropriation of the Wigu Hill rare earth element project. Montero will continue to seek a joint venture partner to advance its Avispa copper-molybdenum project in Chile. Montero’s board of directors and management have an impressive track record of successful

Dr. Antony Harwood, President and Chief Executive Officer​

===​

KIFAHAMU KILIMA WA WIGU KILICHOPO KISAKI MOROGORO KIKICHOSABABISHA FIDIA YA US$ 27,000,000

Hiki kilima cha madini ya kipekee adimu kilichopo Kisaki Morogoro kinachojulikana kama Wigu Hill

Montero Mining & Exploration (CVE:MON) ilifanya ugunduzi wa elementi adimu za dunia nchini Tanzania.

Montero alianza shughuli za uchunguzi wa mradi wa Wigu Hill Rare Earth Element uliopo karibu na mji wa Kisaki katika mkoa wa Morogoro nchini Tanzania mwaka 2008 chini ya Leseni ya Utafutaji madini.


Mnamo 2015, Leseni ya Uhifadhi wa miaka mitano ilitolewa na Serikali ya Tanzania kwenye mali hiyo.


Hata hivyo, Leseni ya Uhifadhi ilichukuliwa na Serikali ya Tanzania mwaka 2018 wakati Kanuni mpya za Uchimbaji (Maudhui ya Ndani) zilipofuta Leseni zote za Uhifadhi zilizotolewa hapo awali.


Mnamo mwaka wa 2019, Serikali ya Tanzania ilitangaza hadharani na kufungua zabuni ya Leseni za Uhifadhi wa awali.

Montero aliwasilisha ombi la usuluhishi kwa ICSID mwaka wa 2021, ili kuhifadhi haki zake. Kesi hiyo inaendelea. Wakati huo huo, Vital Metals (ASX: VML), mchimbaji madini adimu wa kwanza wa Kanada, alitia saini makubaliano ya uundaji wa mradi na chaguo na Montero kupata na kuendeleza mradi wa Wigu Hill.


Katika ripoti yake ya robo mwaka ya Desemba 2022, Vital inaeleza iliendelea na majadiliano kuhusu utoaji wa Leseni ya Uchimbaji Madini kwa ajili ya mradi wa dunia adimu wa Wigu Hill.

VIDEO KILIMA WIGU KISAKI MOROGORO CHENYE MADINI ADIMU

View: https://m.youtube.com/watch?v=rFER8dWNgw8

===​

Wigu Hill Rare Earth Element Project

Montero Mining & Exploration (CVE:MON) made discoveries of rare earth elements in Tanzania. Montero commenced exploration activities on the Wigu Hill Rare Earth Element project located near the town of Kisaki in the Morogoro region of Tanzania in 2008 under a Prospecting License.

In 2015 a five-year Retention License was awarded by the Tanzanian Government on the property. However, the Retention License was expropriated by Tanzanian Government in 2018 when the new Mining (Local Content) Regulations cancelled all previously issued Retention Licenses.

In 2019, the Tanzanian Government announced the public and open tender of previous Retention Licenses. Montero filed a request for arbitration with the ICSID in 2021, in order to preserve its rights. The litigation is ongoing. Meanwhile, Vital Metals (ASX: VML), Canada’s first rare earth miner, signed a project development and option agreement with Montero to acquire and develop the Wigu Hill project.

In its December 2022 quarterly report, Vital explains it continued discussions regarding the issuance of a Mining Licence for the Wigu Hill rare earth project.

 

[Paul John 2025]

Ndivyo mikataba inavyokuwa. Makubaliano lazima yafikiwe. Ni kawaida dunia nzima

 

[Lloyd Munroe]

Series inaendelea.
Ujanja ujanja.

 

[makaveli10]

Dah, ***** walai.

 

[Kulwa Jilala]

R.I. P Magufuli . Mali zetu sasa zinatapanywa hovyo, hao Montero ni vigogo ndani serikali au ccm wanajilipa

 

[kungubaya]

Ndivyo mikataba inavyokuwa. Makubaliano lazima yafikiwe. Ni kawaida dunia nzima

Faida ya kuingia mikataba na kukubaliana na vitu ambavyo haviwezekani na mpaka tuje kufikia kulipa utasikia imefika Trillioni kwa kigezo cha Exchange rate wa muda wa malipo na siku ya kuanza kulipa 🤣🤣

 

[Cannabis]

Ni matokeo ya nchi kufunguka

 

[makaveli10]

Usikute hapo wanayolipwa ni hiyo dola milioni 12 ambayo wamelipwa, hicho kilichobaki wahuni watajilipa mifukoni mwao.

 

[Bufa]

Shamba la bibi.

 

[Ziroseventytwo]

mbona kila kesi sie ndio tunashindwa?

 

[Sexless]

Elimu feki inazaa:-
1. Madaktari feki walioshindwa kutibu waathirika wa moto wa kule Msamvu.
2. Wanasheria feki wanaosaini mikataba ya kijinga kama DP World etc, kisha kuangukia pua kwenye kila kesi.
3. Wahandisi feki wanaosababisha MAGHOROFA kuanguka hovyo Kariakoo.
4. Wanasiasa feki wa aina ya jiwe, Samia, na Makonda.

 

[Mr Devil]

The office of solicitor general iji tafakari mna ajiri mawakili vilaza

 

[Bufa]

Ndugu Mtumishi, mshahara wako umetumika kuipongeza Taifa Stars. Tuonane mwezi Ujao.

Uzalendo Daima

 

[Cannabis]

R.I. P Magufuli . Mali zetu sasa zinatapanywa hovyo, hao Montero ni vigogo ndani serikali au ccm wanajilipa

Ila huo mgogoro ulianza wakati wa uongozi wake, Lissu alisema tutashitakiwa Miga tukawa tunamcheka, ndio tunavuna matokeo yake😏

 

[Tindo]

mbona kila kesi sie ndio tunashindwa?

Maana wanasheria wetu hawajui sheria, bali hucheza na mahakama hizi zisizo huru kwa kuweka mapingamizi tu, na mahakimu au majaji hufuata maelekezo yao. Hivyo tukienda kusiko na mbeleko lazima tukae.

 

[Doto Dotto]

Sasa ni muda wa vigogo kurudisha pesa zao zilizokuwa zimefinywa na Mwendazake

 

[bagamoyo]

Montero agrees to US$27 million settlement from Tanzania
November 20, 2024

Toronto, Ontario – November 20, 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) is pleased to report a US$27,000,000 settlement has been reached with the United Republic of Tanzania (“Tanzania”) in the dispute arising out of the expropriation of Montero’s Wigu Hill rare earth element project (“Wigu Hill”).

The settlement sum of US$27,000,000 (approximately CDN $38,000,000) due to Montero is payable in just over 3 months, with payments scheduled as follows:

• US$12,000,000– payable by 20 November 2024 –PAYMENT RECEIVED
• US$8,000,000– on or before 31 January 2025
• US$7,000,000– on or before 28 February 2025

The settlement sum represents ~39% of the US$70,000,000 initially claimed by Montero. This settlement obviates the need for a costly and time-consuming hearing, the risk of an adverse award, enforcement efforts, and finally concludes a near 7-year dispute.

Dr Tony Harwood, President and CEO of Montero commented: “I am pleased Montero was able to reach an amicable settlement with the government of Tanzania to bring a mutually beneficial end to this dispute. This resolution allows both parties to move forward, and we wish Tanzania every success in attracting new mining investment. I would like to thank our shareholders, board, management, and our legal and technical teams, for their valuable contribution to this outcome.”

ICSID Arbitration
Montero and Tanzania have sent a joint request to the arbitral tribunal to suspend the ICSID arbitration proceedings, as the first payment has been received by Montero. Subsequent payments are to be made by the specified dates provided. Provided the final payment has been received by Montero, the parties will request the arbitral tribunal discontinue the ICSID arbitration altogether.

Distribution of Funds
Montero and its litigation funding partner, Omni Bridgeway (Canada) will receive a distribution of the first payment. The second instalment will be distributed to Omni Bridgeway (Canada) and to Montero, and will also cover Montero’s operational needs and legal expenses, including payments to Boies Schiller Flexner UK LLP and Jeantet AARPI. Montero will entirely retain the final instalment.

Montero is planning a return of capital to shareholders where no amount has yet been determined and is subject to accounting review and board approval. In addition, Montero will retain funds to cover legal, taxation, and administrative expenses, including potential costs for arbitral proceedings, or enforcement actions if the second or third instalments are delayed or unpaid. The net amount of the award after repayment to the funder and legal expenses cannot be estimated with certainty and no assurances can be made. Further announcements will be made in due course.

Acknowledgments
The Board would like to especially thank Dr. Tony Harwood for reaching this settlement. Without his perseverance and significant efforts to not only develop Wigu Hill initially, but to then safeguard and recover Montero’s investment speaks to his dedication and commitment to the Company and shareholders. Special thanks also to directors, the balance of management, our loyal shareholders, legal advisers and accounting team for their steadfast support and dedication throughout nearly seven years of efforts to secure compensation for the Company’s investment in the Wigu Hill Rare Earth Project. Montero’s legal team includes Timothy Foden of Boies Schiller Flexner (UK) LLP and Martin Tavaut of Jeantet AARPI. Quantum and technical expertise provided by Dr. Neal Rigby of SRK Consulting (USA) Inc. with full dispute funding secured from Omni Bridgeway, a leading global dispute funder. This unwavering commitment enabled the Board to achieve a favourable outcome for the benefit of shareholders.

Disclaimer
The conclusion of the ICSID arbitration and payment of the remaining instalments is conditional on Tanzania’s compliance with the settlement agreement. The agreement does not provide for any security for the benefit of Montero in case Tanzania would not pay any instalment, in which case Montero can either resume the ICSID arbitration or seek enforcement of the settlement agreement.

About Montero
Montero has agreed to a US$27,000,000 settlement amount to end its dispute with the United Republic of Tanzania for the expropriation of the Wigu Hill rare earth element project. Montero will continue to seek a joint venture partner to advance its Avispa copper-molybdenum project in Chile. Montero’s board of directors and management have an impressive track record of successful

Dr. Antony Harwood, President and Chief Executive Officer​

 

[ipyax]

Shamba la bibi🥱

 

[Shadow7]

Hatari sana

 

[mbalizi1]

Musukuma anasema wasomi wengi wa Tanzania ni copy & pest