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Tag Archives: mining

Huge sums in mining revenue off the books in DR Congo

Kinshasa, DR Congo | AFP |  Some $750 million (644 million euros) in revenue from Democratic Republic of Congo’s mines between 2011 and 2014 “cannot be reliably tracked” in the records of the state-owned Gecamines, the Carter Center said Friday. The US foundation, in a report, suggested Gecamines used “its …

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Tanzania seizes diamonds from British mining company

Nairobi, Kenya | AFP | The Tanzanian government said Sunday it had confiscated diamonds worth nearly $30 million after accusing British company Petra Diamonds of having declared a lower value when trying to export the gems. Speaking on government television channel TBC 1, Finance Minister Philip Mpango said the diamonds extracted …

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ANALYSIS: Why Magufuli’s reforms in mining sector are about politics as much as economics

Dar Es Salaam, Tanzania| AFRICAN ARGUMENTS |  Ever since his election in 2015, Tanzania’s President John Magufuli has been a subject of public fascination. At first, his war on graft promised to cleanse the state of corruption, while his patriotic thrift inspired the hashtag #WhatWouldMagufuliDo? But as this campaign of tumbua majipu (“lance the boils”) was …

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In mining dispute with Tanzania, Acacia agrees to more tax

Nairobi, Kenya | AFP |  Mining company Acacia agreed Friday to pay more royalties to Tanzania’s government as it seeks an end to a dispute over alleged underreporting of production and profits. President John Magufuli accused the London-listed company, whose largest shareholder is Canadian Barrick Gold, of “theft” after a …

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Editor of suspended Tanzania paper ‘threatened’

Nairobi, Kenya | AFP |  The editor-in-chief of a Tanzanian newspaper suspended last week after linking two former presidents to controversial mining contracts said he has since faced threatening anonymous phone calls. Tanzania’s information ministry on Thursday imposed a two-year suspension on the Mawio weekly, a frequent critic of the …

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