The government just killed the mining sector in this critical gold nation

Section:

By Dave Forest
OilPrice.com, London
Wednesday, July 6, 2017

The Philippines government said this week it is trying to repair its damaged mining sector, with officials stating they will review all policies implemented by former environment secretary Regina Lopez, who took a hard-line stance against operations around the country.

But as that mining nation swings to the better, another key metals country has gone the other way. With the government implementing a raft of policies that may well decimate the entire sector here: Tanzania.

Tanzania's government has gone to war with miners in recent months, accusing companies like Acacia Mining of cheating on export duties, resulting in a complete ban on concentrate exports earlier this year.

And this week officials took the fight to another level, passing several new laws that will make mining much more challenging in the country. ...

... For the remainder of the report:

http://oilprice.com/Metals/Gold/The-Government-Just-Killed-The-Mining-Se...



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