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

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Published : July 07th, 2017
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Category : GoldWire

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-Governmen...he-Mining-Se...

Data and Statistics for these countries : Georgia | Philippines | Tanzania | All
Gold and Silver Prices for these countries : Georgia | Philippines | Tanzania | All
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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