United Republic of Tanzania
Adoption of Mining Regulations on Local Content, 2018
10 Jan 2018
Tanzania adopted Mining Regulations on Local Content (2018). The Regulations require an 'indigenous Tanzanian company' to hold an equity participation of at least 20 per cent in a mandatory joint venture arrangement for supply of goods and services. An 'indigenous Tanzanian company' is defined as a company incorporated under the Companies Act with at least 51 per cent of its equity owned by Tanzanian citizens, and at least 80 per cent of the executive and senior management positions held by Tanzanian citizens with 100 per cent of non-managerial and other positions are held by Tanzanians. The Regulations also require indigenous Tanzanian companies given first preference in the granting of a mining license. They require indigenous Tanzanian companies to have at least 5 per cent equity participation in a mining company. Further, they give preference to local service providers and locally manufactured goods. They require the use of local insurance and financial services and stipulate that legal services to be provided only by local legal practitioners or local law firms. They set the time frame for local content levels to be attained in the mining sector. Finally, they give priority to qualified Tanzanians in employment and on-job training. They require companies to employ only Tanzanians in junior level or middle level positions.
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Type:
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Entry and establishment (Ownership and control)
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Treatment and operation (Operational conditions , Other)
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Industry:
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Primary (Mining and quarrying)
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Sources:
