All bets are off as Magufuli’s resource nationalism moves up a gear in TanzaniaJ
Dan Paget
DPhil Politics (African electoral politics), University of Oxford
Tanzanian President John Magufuli has threatened to close all mines and give them to Tanzanians. EPA/Daniel Irungu
The Tanzanian government has asked Acacia Mining, a subsidiary of the world’s largest gold mining company Barrick Gold, to pay approximately USD$190 billion in revised taxes, interest and fines. This latest development is a game changer in a dispute that pits mining companies against President John Magufuli’s government. It makes both nationalisation and mine closures more likely.
Dan Paget
DPhil Politics (African electoral politics), University of Oxford
Tanzanian President John Magufuli has threatened to close all mines and give them to Tanzanians. EPA/Daniel IrunguThe Tanzanian government has asked Acacia Mining, a subsidiary of the world’s largest gold mining company Barrick Gold, to pay approximately USD$190 billion in revised taxes, interest and fines. This latest development is a game changer in a dispute that pits mining companies against President John Magufuli’s government. It makes both nationalisation and mine closures more likely.
