Tanzania

The government of Tanzania is likely to conclude discussions with mining companies in early September regarding increasing royalty payments on the export of gold from the present 3% to 4%. This was revealed by the country's Energy and Minerals Minister William Ngeleja during a presentation to parliament. The government is engaged in discussions with mining companies to assess various taxes in the context of mining legislation approved in 2010. The country has registered a huge increase in its annual gold exports to US$1.5bn over the last five years as a result of a rise in gold prices. However, the government's

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