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VELMA Law
VELMA Law, Dar es Salaam Tanzanian Law Firm
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Written Laws (Miscellaneous Amendments) (No 4) Bill 2021 includes proposed changes to the Mining Act RE 2019 (CAP 123) as outlined briefly below:
- Amended to strengthen the Government’s participation in the management of its 16% free carried interest shares in mining companies holding mining licences or special mining licences.
- Amended to facilitate establishment of special arrangements which entitle the Government to directly participate in the mining operations for the purposes of safeguarding the interests of the Government.
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NOTE: This has been prepared for general information purposes for any interested persons, it is not comprehensive information on the subject matter and it should not be regarded as legal advice.