A local director of a gold mine here in Tanzania told me that all the profits of the mine go to the owners in China. I don't know how much profit they are making, but if Tanzania as a country does not benefit from the mines then the deal is better than it should be.
Sometimes it's hard but with things like gold it's pretty obvious.
Who's currently getting a below-market deal on gold from Africa?
A local director of a gold mine here in Tanzania told me that all the profits of the mine go to the owners in China. I don't know how much profit they are making, but if Tanzania as a country does not benefit from the mines then the deal is better than it should be.