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Acronymfinder

What does STAMICO stand for?

STAMICO stands for State Mining Corporation (Tanzania)


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

In a bid to turn around the State mining Corporation (STAMICO) to march the continuing economic trends in Tanzania, the government has launched a new company to implement exploration projects on licenses surrounding Tulawaka Mine.
15 November 2013 African Barrick Gold plc (the "Company" or "ABG") Agreement to transfer Tulawaka ABG today announces it is has reached an agreement with STAMICO, the Tanzanian State Mining Corporation, whereby STAMICO will acquire the Tulawaka Gold Mine ("Tulawaka") and certain exploration licenses surrounding Tulawaka for consideration of US$4.
According to the Mining Act, 2010, the government will own the shares through its two institutions, the State Mining Corporation (Stamico) and the National Development Corporation (NDC).
The Kigosi Project is a joint project comprising State Mining Corporation ("Stamico") on behalf of The Government of The United Republic of Tanzania with 15% and the Company, where the Company also represents its underlying contracts with local Tanzanian companies.