Policy Forum

Although Tanzania has a mature mining industry and is Africa’s fourth-largest gold producer with revenues constituting 80% of the extractive industries’ 12% contribution to Tanzanian government revenues  based on data collected during 2016, the country scores 49 of 100 points and ranks 42^nd  among 89 country assessments in the 2017 Resource Governance Index (RGI) on governance in the sector.

Recently, the President of the United Republic of Tanzania, Dr. John Pombe Magufuli  constituted two high level committees of experts tasked with investigating potential under declaration of mineral content in the exportation of unprocessed mineral concentrates and ores largely from Bulyanhulu and Buzwagi mines both owned by Acacia Mining Plc and to provide recommendations on how to handle the subsector. Further, the committees were tasked to examine the fiscal aspects of the mining regime. The findings presented thereafter led to a meeting with the Barrick Executive Chairman Prof.

Limited disbursed funds should address the most pressing socio-economic needs

Double Taxation Agreements should be reviewed  to develop robust systems to curb illicit financial flows from mining