Tanzania’s squeeze on mining firms seems to be working as it gets $300 million in back taxes
Tanzania’s government has struck a deal with Barrick Gold, following a dispute that saw the company’s African subsidiary taxed a jaw-dropping $190 billion in revised taxes, interests, and fines. The Toronto-based company said it will pay the government $300 million as part of the deal, give the government a 16% stake in its mines, and…