Fri, 16 Jun 2017 09:41:59 +0000 THE reports we carried this week that our good neighbour Tanzania lost between US $30.7 billion and US $48.5 billion through unpaid mining taxes due to under-declaration of mineral exports by one of the largest mining companies in that country, deserves special attention by both the Zambian government and ordinary citizens. The investigation, which uncovered the startling facts that have shocked Tanzanians, was commissioned by President John Magufuli who has turned upside down the way of doing business in that country after discovering that many multinationals were fleecing the country by attaching themselves to those wielding political power. President Magufuli has ordered that the offending gold miner must pay the outstanding taxes and royalties amounting to almost US $50 billion, and called for an urgent review of mining laws and government ownership in the country’s mines. According to Professor Nehemiah Osoro, who chaired the investigative presidential mining committee that […]
