Legal UpdateThe State Participation in The Mining Industry in Tanzania
15 January 2024by finandlaw-admin
INTRODUCTION In an endeavour to ensure Tanzanians are continuously enjoying a share of their minerals, Section 10 of the Mining Act, Cap. 123 imposes a mandatory requirement to mining companies in Tanzania to grant the Government of Tanzania a minimum of 16% non-dilutable Free Carried Interest shares in the capital of a mining company. However,...