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Title: [PDF] A Golden Opportunity? How Tanzania is failing to benefit from gold mining
Visit: [PDF] A Golden Opportunity? How Tanzania is failing to benefit from gold mining
Author:
Mark Curtis & Tundu Lissu
Dated:
01 Oct 2008
Gold mining is the fastest growing sector of Tanzania’s economy...Yet ordinary Tanzanians are not benefi ting from this boom both because the government has implemented tax laws that are overly favourable to multinational mining companies and because of the practices of these companies...This report identifi es three severe problems with gold mining in Tanzania, namely:
• It provides the government with very low tax revenues
• It is subject to minimal governmental and popular democratic scrutiny and is associated with the problem of corruption
• People in the gold mining areas are barely benefiting and many are being made poorer. [refers to Anglo American, AngloGold Ashanti, Barrick Gold]
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