Tanzania Minerals Audit Agency

Objet publié

The purpose of this project is to promote responsible and sustainable development of the mining industry in Tanzania. It aims to improve the systems within the Tanzania Minerals Audit Agency (TMAA), to ensure that information collected on the revenues, tax and royalty payments, assets, and operating expenses of mining companies is accurate and complete, to make accurate information on the minerals produced and exported more readily available, and to improve the monitoring and auditing of the environmental practices of mining companies. TMAA's role is to monitor and audit mining operations in order to help maximize the revenue the government collects from the mining sector. With increased revenue, the government is better able to reduce poverty and improve the services it provides to Tanzanians. TMAA is also responsible for ensuring sound environmental practices are followed in mining areas. The TMAA performs financial audits that verify the quality and quantity of minerals produced and exported and the capital investments and operating expenses of mining companies. The TMAA also monitors the environmental budgets of these companies and the money they spend on rehabilitating mining areas and closing mine sites. As with all projects designed to support a country-led initiative, Canada is working in close cooperation with the government of Tanzania to focus on effective, transparent, and accountable country systems and to strengthen mutual accountability. This kind of assistance also fosters greater policy dialogue with the government, thus helping to strengthen efforts for effective, focussed aid, as well as long-term development results. This project is continuously monitored and evaluated.