Tanzania: Gold Mine Pays Sh405 Billion to Govt in Revenue

Dodoma — THE government received some 405bn/- from Bulyanhulu Gold Mine between 2001 and 2013 in the form royalties and taxes, Parliament was told yesterday.
Deputy Minister for Energy and Minerals, Mr Charles Mwijage, said the gold mine was
greatly contributing to the country's development.
He made the remarks when responding to a question raised by Mr Hussein Nassor Amar (Nyang'wale), who wanted to know how the government and the residents living near the mine were benefiting from the company's activities in the area.
The minister said Bulyanhulu Gold Mine, which is a subsidiary of Barrick, now called Acacia, spent a lot of funds on community development activities.
He noted that between 2005 and 2011, available information indicated that the company spent about 7bn/- on community development.
"The company is playing a great role in ensuring that a number of community development projects are implemented. It spends a lot on school, water and hospital projects," the deputy minister noted.
The government had also been collecting some revenue from the company in the form of taxes, levy for council projects while a number of Tanzanians were also employed by the firm.
He noted that the company also hired over 2,300 Tanzanians, thus helping government drive towards cutting down unemployment in the country.
Mr Mwijage noted that there were also two electricity projects currently being implemented by the government for Nyang'wale District.
"One of the projects is being implemented under the Millennium Challenge Corporation (MCC) funding, which is being carried out by Symbion LLC," he said, adding that another one was being implemented by the Rural Energy Agency (REA).
source: dailynews

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