Tanzania's Tougher Mining Laws Paying Off
Mining now contributes around 4.8% to the GDP, up from 3.5%, attributed to new stringent laws and regulations. This includes two new laws on mining that give the government the right to renegotiate or dissolve contracts and remove the right to international arbitration.
Mining in Tanzania (file photo).
East African, 14 May 2018
Gold miners Acacia Mining Plc and AngloGold Ashanti want fresh talks with the Tanzania government on the amended mining laws and regulations in which Dar demands a bigger slice of… Read more »
East African, 17 February 2018
The ongoing reforms in Tanzania's mining sector could lock foreign commercial banks out of the mining sector as new regulations require miners to use the financial services of… Read more »
Tanzania Minister for Minerals Angellah Kairuki has told parliament that it has collected over U.S.$269,000 in royalties from tanzanite artisanal miners in three months, from ... Read more »
The Tanzania Mining Commission has announced that it issued 5,108 primary mining and prospecting licences, with a caution that whoever violates the regulations agreed upon will ... Read more »
According to the Tanzania Investment Centre 89 new major projects valued at U.S.$1,057.37 million were registered between January and April, 2018, thanks to the country's improved ... Read more »
Tanzania President John Magufuli has previously complained that the country is not benefiting as it should from its resources. In July last year he signed a Mining Act and one of ... Read more »