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Issued on behalf of Lake Victoria Gold Limited
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VANCOUVER, British Columbia, Sept. 10, 2026 (GLOBE NEWSWIRE) — USA News Group News Commentary – Investors assessing a mining project in Africa are usually handed a continent-level judgement: this jurisdiction is safe, that one is not. It is a poor instrument. Ghana, South Africa, Zimbabwe, Mali and Tanzania have almost nothing in common as operating environments, and the differences between them are not captured by a risk rating. What separates them in practice is narrower and more testable: is the process for acquiring land, paying compensation and holding a licence actually written down, and does it run to time when a company follows it?
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Companies mentioned in today’s commentary include: Lake Victoria Gold Limited (OTCQB: LVGLF) (TSXV: LVG) (FSE: E1K), Harmony Gold Mining Company Limited (NYSE: HMY), Gold Fields Limited (NYSE: GFI), Caledonia Mining Corporation Plc (NYSE American: CMCL), and Galiano Gold Inc. (NYSE American: GAU).
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Key Takeaways
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The statutory disclosure stage is complete at Imwelo. Lake Victoria Gold announced on September 10, 2026 that the disclosure stage of its Phase 3 land valuation and compensation programme at the fully permitted Imwelo Gold Project has been completed, with meetings held on September 7 and 8.
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It took about five weeks. The programme was announced on July 31 and commenced on August 1, 2026. Field valuation, property inspection, land measurement and statutory disclosure were completed in approximately five weeks.
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A large majority of affected landholders have signed. Project Affected Persons completing disclosure signed the full statutory documentation, including the entry permit for inspection, property inspection form, Land Form No. 69, disclosure form and land measurement form, positioning them for compensation once the valuation is approved.
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The Company expanded the programme at landholders’ request. Some landholders asked LVG to acquire their properties in full, including land outside the original boundary, because the remainder would not have supported their livelihoods. The Company agreed, and in doing so secured land it anticipates may be required as the Project develops.
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The next step belongs to the government, not the Company. The final valuation report is being prepared by the government valuation team and must be endorsed by the Office of the Chief Government Valuer before any compensation is paid.
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What a Written-Down Process Actually Looks Like
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Tanzania handles land compensation for mining through a prescribed statutory sequence rather than through negotiation. Compensation for disturbance of the rights of lawful occupiers of land in connection with mining operations is governed by the Mining Act, Cap. 123. The valuation framework and applicable allowances are established under the Land Act, Cap. 113, the Village Land Act, Cap. 114 and related regulations.
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The valuation itself is not performed by the company. It is undertaken by registered government valuers, and under the Valuation and Valuers Registration Act, 2016 and the Valuation and Valuers (General) Regulations, 2018, the resulting report must be endorsed by the Office of the Chief Government Valuer within the Ministry of Lands, Housing and Human Settlements Development before compensation can be paid.