Stakeholders have spotted challenges in the latest mining legislation and want the government to meet with the mining companies to resolve the situation.
This comes following extensive amendments made to the Mining Act of Tanzania as amended in 2017.
The amendments empower the government to own not less than 16 per cent non-dilutable free-carried interest shares in the capital of a mining firms. It also says that the government can acquire up to 50 per cent of a mining firm.
Advertisement
But the Law Society says the law has failed to address the previous mining contracts which are the key source of the challenge.
Related posts:
Dangote cement factory gets land for coal mining in Tanzania
Saraki tasks African parliament on people-oriented legislation
Congress poised for a major test on tax legislation
IGP calls for tougher legislation against kidnapping, other heinous crimes
US Democrats introduce sweeping legislation to reform police
Presidential Transition Council calls for Legislation on Transition
Groups advocate open legislation, digitisation of parliament processes
Australian govt to introduce legislation making wage theft illegal
