Tanzanian Royalty Chairman, Joseph K. Kahama, Chosen to Lead Prestigious Industry Association
SOUTH SURREY, British Columbia--(BUSINESS WIRE)-- The Company is pleased to announce that its Chairman and COO (Tanzania), Joseph K. Kahama, has been elected to Chair the Tanzania Chamber of Minerals & Energy whose mandate is to represent the interests of private participants in the Tanzanian minerals sector.
With close to 60 members, the Chamber includes a broad spectrum of players in the Tanzanian mining industry including some of the largest international mining companies in the world. As the official voice for the industry, the Chamber plays a pivotal role within the sector as a mediator between the mining investment community and key stakeholders, most notably the Government of Tanzania and the public. All mining majors operating in Tanzania are members of the Chamber and international oil companies developing the nations offshore gas and oil resources are expected to expand the organization in the coming years.
According to James E. Sinclair, President and CEO of Tanzanian Royalty, The appointment reflects the high regard in which Joseph is held in his native Tanzania and continues a family legacy of public service that began with his father, Sir George Kahama, who served his government in various capacities including Ambassador to China.
We are justifiably proud to have a senior executive with our Company hold such a position and recognize that Josephs ability to engage with government, industry and other stakeholders will be beneficial to everyone concerned. Joseph has been a driving force behind our corporate philosophy of constructive engagement with the government and the people of Tanzania. And there is no better example of this than our partnership with the State Mining Corporation of Tanzania (Stamico) to explore and develop the 2.1 million ounce Buckreef Gold Project which is scheduled for commercial production in 2014.
James E. Sinclair
President and Chief Executive Officer
For further information, please contact Investor Relations at
Visit our website: www.TanzanianRoyalty.com
The Toronto Stock Exchange and NYSE Amex Equities have not reviewed and
do not accept responsibility
for the adequacy or accuracy of this release
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as reserves, resources, geologic resources, proven, probable, "measured", "indicated", or "inferred" which may not be consistent with the reserve definitions established by the SEC (SCUR). U.S. Investors are urged to consider closely the disclosure in our SEC filings. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml
This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities.
Certain information presented in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.
Tanzanian Royalty Exploration
David Duval, 1-800-811-3855
South Surrey Office
Toll Free: 1-800-811-3855
Source: Tanzanian Royalty ExplorationCopyright Business Wire 2012