| | 12 Jun 2011 06:52 ET |  | DAR ES SALAAM, June 12 (Reuters) - Tanzania will not impose a proposed super profit tax on existing mining companies, but will negotiate with the companies to have them pay the new tax, the east African country's mining minister said on Sunday. William Ngeleja, Tanzania's energy and minerals minister, said, however, the tax, if implemented, will be automatically applied to all new entrants into the country's mining sector. "We will not impose the proposed super profit tax on existing mining companies. If implemented, we will have to negotiate it with the companies because they already have agreements in place with the government," he told Reuters. Tanzania is considering a tax on windfall profits on revenues earned from minerals as one of the ways of funding its five-year development plan to 2016. (Reporting by Fumbuka Ng'wanakilala; Writing by James Macharia; Editing by Hans Peters) ((Email:nairobi.newsroom@reuters.com; Tel +254 20 2224 717)) Keywords: TANZANIA MINING/TAX |