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VELMA Law
VELMA Law, Dar es Salaam Tanzanian Law Firm
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The Mining (State Participation) Regulations 2020 have been published to give more details on the acquisition and control of Government’s non-dilutable free carried interest shares in a mining company.
Of particular note is the right of Government to “receive a proportionate share from any repayment
of either equity, shareholding loan or third-party loan” (see Regulation 10(1)(k)).
Please contact us if you have any comments or questions.
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.