I see nchi inaliwa hii yaani vitofali 34 na kila kitofa kina kilo 24kg sijui TRA wapo? au wapo kwa kazi ya kufukuzana na wauza viosk mitaani?
That is one week shipments. Folks this shipment is done every week. Currently one ounce is sold $1608. 1 ounce = 31.1g. It means 1g of gold is $51.7042. 1kg of gold=$51704.2. 30 bricks of gold x 24 = 720Kg.
Weekly shipment = 51704.2x720= $37,227,024
Monthly shipment 37,227,024x4.3=$160,076,203.2
Annual shipment = $160,076,203.2x12=$1,920,914,438.4
Those are the approximate production. it can be more or less than that by few dollars because it is believed that between 500kg and 1200Kg is shipped every week.
I just want to know how many kg is declared by GGM? We are told that mining is contributing a single digit percent in the GDP is it still the same with this figures of one goldmine among many mines in the country?
With all these huge resources being exploited GGM did not pay income taxes since
commencement of Geita mine in the year
2000.
Apart from that GGM and other mining companies are not paying taxes on all imports they make on machines n other production materials. Even fuels they consuming free of taxes. GGM for example consumer about 6-8 milion litres of fuel monthly duty free.
Do we need to go to New York city or London or to beg Chinese with these abundant
resources. The country is being robbed while the leaders are enjoying shopping by Arab thieves in London
Production done by GGM in 2011 has already surpassed their 2012 targets. In other words GGM can sleep and pay their employee in 2012, pack their machines in the year 2012 but still enjoy their accrued profit in 2011.
Can African get angry if mzungu calls us a continent of dead brains?