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Tanzania’s squeeze on mining firms seems to be working as it gets $300 million in back taxes

Abdi Latif Dahir
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…