Anglo agress to pay some tax

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The FT reports that:

AngloGold Ashanti is to waive tax breaks and pay levies on its huge gold mine in Tanzania amid a fierce political tussle over the country's mineral wealth.

The move, which has been hammered out with the government in private but has not yet been officially announced, follows similar renegotiations by Barrick Gold of Canada, the world's biggest gold miner, and Australia's Resolute.

Don't get too dewy eyed for them though. As the FT also notes:
It remains to be seen whether the settlements and the companies' promised community projects will be enough to quell a political storm over a sector that produces about half of Tanzania's exports but contributes less tax than the country's biggest brewer.

That's the real story here.

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