Tanzania govt submits Bills to renegotiate mining, gas contracts
President John Pombe Magufuli has been on his crusade that mining companies that have been working in Tanzania have been ripping off the country, mainly by under-declaring the true worth of what they take out of the country. PHOTO | FILE
The Tanzanian government submitted three Bills to Parliament on Thursday which would allow it to force mining and energy companies to renegotiate the terms of their contracts as part of a presidential drive to increase revenue.
The Bills, expected to be fast-tracked, will affect multinationals and follow the recommendations of a committee probing the country's gold industry.
