Rio Tinto and Glencore spoke for months about deal that was once taboo
The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.
Two former Tanzanian ministers were sentenced to three years in jail on Monday, after found guilty of issuing illegal tax exemptions to a gold audit firm, which cost the government millions of dollars in lost revenues.
The convictions of ex-Finance Minister Basil Mramba and former Energy and Minerals Minister Daniel Yona are two of the most recent and high-profile cases in Tanzania’s anti-corruption drive, reports Reuters.
The firm that received the exemptions was a subsidiary of UK-based Alex Stewart International.
The East African nation is Africa’s fourth-biggest gold producer after South Africa, Ghana and Mali.
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Global Southern Hemisphere Uni
global southern Hemisphere Union, the convictions of Wrong doers in the Tan State is long over due. al though the tanz. State has not yet replyed back to the global Union on its invitation to join the Union , it good to see that Justice is active there. Were the tanz. State a member of the global Union the Union is over sited by the Global Sthe Tanz. state is located with in the global Unions District #2.outhern Hemisphere appeals Court of Justice. the global Union thanks the Honorable court for it’s action. global Union President His Majesty William Lord Punchard, 07/08/2015