Tanzania's President Urges Increased Control of Mineral Wealth
- Country has been ‘cheated’ out of its natural resources
- Magufuli this week demand $190 billion taxes from Acacia
Barrick Gold Corp.'s African Gold Mine
Photographer: Trevor Snapp/BloombergThis article is for subscribers only.
Tanzanians are being cheated out of the country’s mineral wealth and should take more control of their natural resources, President John Magufuli said.
Investors in Tanzania’s mining industry have “stolen” from the country by failing to distribute a fair share of the revenue they generate from gold and other minerals, Magufuli said in a speech in the central region of Singida on Tuesday.