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Tanzania Mining Q1 2019

Tanzania Mining Q1 2019

Key View:

An increasingly hostile business environment in Tanzania is doing little to bolster investor confidence. Acacia Mining, oneof the largest mining companies in Tanzania, is reportedly considering selling its Tanzanian assets as a result. The most recentamendment to the country's mining law stipulates that foreign mining companies have to hold an account with a local bank, andPresident John Magufuli has stated that indigenous companies will be given first preference when it comes to issuing mininglicences.

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