Tanzania finally allows export of mineral concentrates

President John Magufuli prohibited the exportation of 277 containers of gold and copper concentrates in 2017. The probe committee he formed came up with a list of minerals worth Sh829.4 billion, contrary to earlier statistics

What you need to know:

  • The 277 containers of concentrates had been withheld at Dar es Salaam Port for three years as the government and Barrick Gold wrangled over taxes.
  • This comes almost four months after Tanzania and Barrick Gold ended a long-running tax dispute after signing an agreement under which the government will have a stake in three gold mines operated by the firm