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This is due to Tanzania's increased pressure on foreign mining companies on Tuesday by amending mining and tax laws to make it mandatory for the state to own at least 16 percent of mining projects, while also raising royalties export.
The Parliament passed the bill unanimously, the state-run Tanzania Information Services said.
This followed two other laws on Monday giving the resource-rich East African nation the right to break up and renegotiate contracts for natural resources such as gas or minerals, and removing the right to international arbitration.
The bills were introduced on Thursday and quickly passed, despite pleas for more time from an association representing mining companies.
"In any mining operation under a mining license or a special mining license, the government will have no less than 16 (percent) non-dilutable free-carrying interest shares in the capital of a mining company." .
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The government also left itself scope to further increase its stake in the companies.
"In addition to the free carrying interest shares, the government will have the right to acquire, in total, up to 50 percent of the shares of the mining company with the total tax expenditures incurred by the government in favor of the mining company."
There was no further explanation from the government, but the source said they believed the bill meant that the government might take more shares in companies that it accused of owing taxes, in place of the money owed.
Government officials were not available for comment.
President John Magufuli has accused major mining companies of evading taxes, charges they deny. At the public rally on Tuesday, he said Tanzania was fighting an economic war.
"We can not wait to pass the law because of the large scale of theft taking place in the mining sector," he said.
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