United Republic of Tanzania
Amendments to the Mining Local Content Regulations
08 Feb 2019
The Mining (Local Content) Regulations, which were passed on 8 February 2019, amend the existing rules in the following ways, among others:
• While the "old" Local Content Regulations required an indigenous Tanzanian company to have at least 51% of its equity owned by Tanzanian citizens, the new rules reduce this share to 20%.
• The review period by the Local Content Committee for the local content plan has been extended to 60 working days (from 25 working days previously). After receipt of the recommendations from the Local Content Committee, the Mining Commission shall communicate its decision whether or not to approve the plan to the applicant within 30 working days instead of 7 days previously.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Primary (Mining and quarrying)
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Sources:
