Tanzania weighs options for gold mining contracts

Tanzania's President John Magufuli. PHOTO | THE CITIZEN | NMG

Tanzania is at a crossroads as to which way to go in order to realise maximum gains from gold mining. The industry reportedly has the potential to earn $1.89 billion in revenue.

Parliament is sharply divided on the way forward, with ruling party CCM lawmakers calling for termination of existing contracts that have brought in $5 billion in investments as the opposition warns of reprisals from the litigation that would ensue.