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In Tanzania

Tanzania and Mining

  • 5 gold mines in production, operated by Acacia Mining (Bulyanhulu, Buzwagi and North Mara), AngloGold Ashanti (Geita) and Shanta Gold (New Luika)
  • 4% royalty to government
  • 30% corporate tax rate - 100% of capex deductible from taxable income in year incurred
  • No free carried interest for Government
  • Government strongly supportive of new mine development
Location Eastern Africa, bordering the Indian Ocean between Kenya and Mozambique, bordered by 3 largest lakes on the African continent
Population 52.6 million (2015), growing 3% per year
Political System Unitary Republic based on multi-party democracy with the Chama Cha Mapinduzi as the ruling and dominant political party