Law

Africa Mining: Zimbabwe changes empowerment law limiting majority ownership to diamond and platinum

Posted on March 20, 2018March 20, 2018 by Mozambique Resources Post

HARARE – Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice. The Indigenisation and Econmic Empowerment Act was designed to increase black Zimbabweans’ share of the economy but were opaque and open to abuse, to the detriment of foreign investor confidence, a situation that new President Emmerson Mnangagwa promised to change.source: Reuters

Africa Mining: Tanzania suspends granting of new mining licences

Posted on July 6, 2017July 6, 2017 by Mozambique Resources Post

It has also frozen the renewal of expired permits. Tanzanian President John Magufuli has ordered the suspension of new mining licences until further notice, further complicating an already bitter dispute between the government and miners operating in the country.

Africa Extractive Industry: Tanzania passes laws on renegotiation of mining and gas contracts

Posted on July 4, 2017 by Mozambique Resources Post

Tanzania’s parliament passed two laws on Monday allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time.

Africa Oil & Gas: Kenya Delays Crude Production Until Oil Law Amendments Agreed

Posted on June 29, 2017 by Mozambique Resources Post

Kenya has delayed plans to start crude oil production and exports until the government passes an amended law that includes setting out how revenues will be shared between national and county government and local communities, Reuters reports.

Africa Mining: South Africa minerals law draft gets lawmakers approval

Posted on October 21, 2016 by Mozambique Resources Post

South African lawmakers said they will persist with approved amendments to the country’s oil and mining laws, rejecting concerns raised by President Jacob Zuma about the constitutionality of changes to the legislation first passed more than two years ago.

Mozambique Extractive Legislation: Parliament opens doors to LNG law

Posted on August 25, 2014 by Mozambique Resources Post

Mozambique’s parliament approved a draft law that allows a ‘special regime’ for the development of LNG projects relating Areas 1 and 4 of the Rovuma Basin.