08.01.2014 - Tanzania: 'Falling gold price alarming'
Although gold remains one of the key commodity contributing significantly to the country's foreign exchange earnings, the persistent price fluctuations in the world market are threatening and would have far reaching impact to the economy. Economists say in the long run the declining gold prices will lead to output cut that could ultimately result into reduced size of taxable profit, slashing down of jobs as well as affecting mining firms corporate social responsibilities. Statistics from the Bank of Tanzania (BoT) show that the export value of gold in the year ending October, last year declined following a decrease in both volume and unit price...............................................Full Article: Source
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