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Tanzania: Mineral Deals to Be Made Open

21 september 2009

Days of secrecy in the energy and minerals sector are numbered as the Government has decided to join the Extractive Industries Transparency Initiative (EITI), reported.
One of the conditions for joining is to publicly give details on activities in the energy and minerals sector within the member country.
The coordinator of Revenue Watch Tanzania programme, Mr Silas Olang, said at the sector's stakeholders' seminar here that energy and mining companies and governments were often reluctant to release information on oil, gas and minerals.
Tanzanians, who largely do not know what was going on concerning revenue from their natural resources, would now be informed as a result of the Government accepting to join the initiative last January, he said.
The government's decision to join the global organisation that aims to make facts, statistics and contracts on oil, gas and mining transparent, would greatly cut public mistrust of the government and the role of foreign investments in the entire sector, he said.
The initiative would also enable Tanzanians to know how receipts accrued from the sector were spent, as both the Government and the investors were duty bound to transparently declare their profits and expenditures to the public.
A representative from the Christian Churches Association, Mr Anjerous Mapunda, said his institution has decided to conduct a seminar for stakeholders to brief them on the government's move for them to educate other Tanzanians.
He was optimistic that well informed Tanzanians would query the Government on contracts it entered into with various investors in the energy and minerals sector.