I agree. Tanz is still open for business and this needs to be kept in perspective. Although it has been done in a very abrupt and hostile way this isn't simply a government cash grab. The mining industry has set itself up and we are currently collateral damage but that will change. With a BFS to EP standards KNL will be able to work with the Tanz gov to secure a successful mine and spherical processing facility. Development banks and strategic off-take partners will not be deterred by this.
"Although there has been recent growth that has helped Tanzania’s poorest, the report emphasizes that approximately 70% of Tanzanians continue to live with less than $2 per day."
http://www.worldbank.org/en/country...-a-new-picture-of-growth-for-tanzania-emerges
"The FTSE 250 company is the largest gold producer in the country, and has long faced criticism for the amount of tax it pays there. Acacia’s “payments to government” report [pdf] released last week shows that the company, which operates three mines in Tanzania, exported $1bn (£770m) of gold, copper and silver last year, and only paid 8% of this in taxes and royalties to the government. What’s more, between 2010 and 2015, it paid out $444m in dividends to shareholders while not paying any corporate income tax in the country."
https://www.theguardian.com/global-...s-golden-tax-deals-can-come-back-and-bite-you
"Acacia Mining said it would more than double its dividend for 2016 as the gold miner announced record production for the yellow metal last year."
https://www.ft.com/content/14c6cb71-fefc-3ee3-879a-0a4f00af7c21?mhq5j=e1
Yet this is OK?
"Australia now officially has a 'Google tax': Diverted Profits Tax law passed Parliament"
http://www.smh.com.au/business/the-...tax-laws-pass-parliament-20170328-gv83va.html
How would you feel?
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