Tanzania has rolled out a strict new mining law that other African countries should copy

President John Magafuli has made the mining sector a key part of his agenda to create wealth for his country and has embarked on a path that has put him at loggerheads with foreign investors in his country

Tanzania has rolled out a new mining regulation that could end up becoming a template for other mineral rich African countries looking to combat exploitation and increase revenues.

President John Magafuli has made the mining sector a key part of his agenda to create wealth for his country and has embarked on a path that has put him at loggerheads with foreign investors in his country.

In 2017 he banned the export of unprocessed minerals as the government squeezed mining companies for increased royalties, leading to a massive bill of $190 billion in fines and taxes for mining giant Acacia and its parent company Barrick Gold.  The company later settled for $300 million and an offer of 16% of its stake in three mines.

The highlights of the new regulations are as follows.

Tanzania has also recently banned cannabis .

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