Tanzania: Govt. urged to make mining contracts public & ensure mining companies pay a fair share of tax
Author: The Citizen (Tanzania), Published on: 11 January 2017
"Zitto calls on Magufuli to be stern with mines"
The leader of opposition party, Alliance for Change and Transparency (ACT-Wazalendo) Zitto Kabwe has called on President John Magufuli to... fix.. revenue collection from mega mines...to boost the national income...According to Mr Kabwe, since Tanzania invited in foreign investors to conduct large scale gold mining in 1997, gold worth $20.5 billion (around Sh45 trillion) out of which the country got only $800 (around Sh1.6 trillion)...
He said while the opposition challenged president Magufuli when he assumed the presidency over a year ago to make mining contracts public, he is yet to do so. "The President is still quiet on this issue while the foreigners are keeping on exploiting the country and billions of money are lost..."