Tanzania targets big increase in mineral revenue

Tanzania intends to collect 470.9-billion shillings ($205.5-million) from minerals in 2019-20, compared with a projected income of 310.6-billion shillings in the fiscal year ending June 30. The East African nation plans to boost production and exports, open new mineral trading centers, curb smuggling and ensure closer supervision of the industry, Mining Minister Doto Biteko told lawmakers Monday. By the end of March, Tanzania had collected 244.3-billion shillings from the industry, he said.