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Tanzania Plans New Mining Laws in Two Months

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Alpha, Feb 18, 2009.

  1. A

    Alpha JF-Expert Member

    Feb 18, 2009
    Joined: Aug 30, 2007
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    It's about time but this has taken way too long and a lot of money has already been lost.

    Bloomberg.com: Africa
  2. J

    Jasusi JF-Expert Member

    Feb 18, 2009
    Joined: May 5, 2006
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    What is left unsaid, according to Tundu Lissu, is that gold would be removed from the "strategic minerals" list. Currently gold accounts for 52% of mineral earnings. Another caveat is the so called "Foreign Investment Protection agreement," under which Tanzania would not be able to make changes to any Canadian investments in the country.