In this opinion piece the author asks whose interests drive the government and politicians in Tanzania and who is at the heart of policy development and formulation when mining corporations enjoy a better relationship with politicians than their electorates do? He argues that mining companies and government Ministers have missed an opportunity “to repair the damages caused and compensate the poor villagers of their looses” and chosen to advance their own interests in the New Mining Bill. The article mentions AngloGold Ashanti, a South African company with a subsidiary listing on the London Stock Exchange, and Barrick, a Canadian company with London-based financial investment (see below).
Barrick is a Canadian company but London-based AXA Investment Managers UK Ltd had over $10 million invested in the company in 2007, BlackRock Commodities Income Trust plc has invested in the company, and the company also has connections with Millhouse Capital, controlled by London resident Roman Abramovich, and New City Investment Managers Ltd/NCIM (UK). (See From Money to Metals by Roger Moody,