Fitch says South Africa's new mining rules may deter investment
Tanzania’s government has said that Canadian-owned gold mining firm Acacia owes it $190bn (£145bn) in taxes, penalties and interest, a company statement says.
It came to this figure following work by two presidential commissions which investigated the country’s mining sector.
The commissions accused Acacia of operating illegally and failing to pay what they owed.
The company has denied all the charges and has set up a section of its website to rebut the claims.
In a statement it added that “the company is considering all of its options and rights and will provide a further update in due course”.
At a public rally three days ago, President John Magufuli threatened to shut down all gold mines in the country if mining companies delay talks with his government aimed at resolving allegations of tax evasion.Source: BBC