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Amendment of the mining act and its impacts to the mining industry in Tanzania

Amendment of the mining act and its impacts to the mining industry in Tanzania

The Mining Act was passed and came into force in 2010. The said Mining Act repealed the Mining Act of 1998. The purpose of Mining Act, 2010 was to provide substantial provisions that regulate the law relating to prospecting for minerals, mining, processing and dealing in minerals, granting, renewal and termination of mineral rights, payment of royalties, fees, charges and…

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New amendments to the land act affecting mortgaging in Tanzania

New amendments to the land act affecting mortgaging in Tanzania

The Parliament of Tanzania has recently passed the Written Laws (Miscellaneous Amendments) No. 1 of 2018 an Act that amends certain written laws. The Act amends Section 45 and 120 of the Land Act, 1999 (“Land Act”) and introduces new sections 120A, 120B, 120C, 120D and 120E. The amendments introduce new restrictions on borrowing by land owners from financial institutions…

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