Mark Bristow, the CEO of gold miner, Randgold Resources, on Thursday said the DRC’s bid to make the most of the short-term tax revenue threatens to throw away long-term benefits in the country.

Bristow, addressing a mining summit in Kinshasa, the capital of the DRC, lashed out at DRC’s Prime Minister, Augustin Matata Ponyo, saying he wanted quick tax income benefits at the cost of long term growth.

“We heard a repeat of this just recently with the prime minister’s speech in parliament where he doesn’t seem to understand we have to build an industry before we can harvest,” Reuters quoted Bristow as having said.

Matata Ponyo has been the main supporter of the need to boost the tax collections from DRC’s mining industry. According Reuters, in March this year, Matata Ponyo said he planned to almost double tax incomes from to 25 percent of the national budget in the next two years. This would be an increase from 14.5 percent.

DRC’s economy has long been hamstrung by maladministration, sleaze and 20 years of armed struggle in the DRC’s eastern borders.

However, investors are now hurrying to cash in on undeveloped reserves of copper, gold, and cassiterite, Reuters reported on Thursday.

The DRC’s economy is poised to grow by 10.4 percent in 2015, boosted by the growing mining sector, the government said earlier this month.