Parliament has given its backing to new legislation regulating the mining sector in Tanzania. The Mining Act 2010 increases the royalties paid on minerals such as gold from three to four percent. It also requires the government to own a stake in future mining projects and for mining companies to list on the local stock exchange.

Under the new law Tanzania will not be issuing new gemstone mining licences to foreign companies although existing arrangements with foreign investors remain unchanged.

The aim of the law is to increase revenue from the country

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Wanted in Africa, part of the Wanted Worldwide network, is a website in English for expatriates in Africa established in 2006. We cover Europe's news stories that may be of interest to English speaking residents along with tourists as well. Our publication also offers classifieds, photos, information on events, museums, churches, galleries, exhibits, fashion, food, and local travel.
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