In July 2017, the Tanzanian National Assembly enacted three laws, under a certificate of urgency, which together will have a profound effect on the resources sector in Tanzania. These are the Natural Wealth and Resources (Permanent Sovereignty) Act, 2017, the Natural Wealth and Resources (Review and Re-negotiation of Unconscionable Terms) Act, 2017 and the Written Laws (Miscellaneous Amendments) Act, 2017, which amends the Mining Act, 2010, the Petroleum Act, 2015 and the Insurance Act, 2009 (the "Insurance Act"), among others. Key elements include the following: sweeping powers for the national assembly to review and instruct renegotiation of previous arrangements or agreements concluded by the government; new requirements for state participation in all mining companies, including at least a 16% free carried interest, which may be increased up to 50% to match the value of historical tax benefits granted to the company; and an immediate blanket ban on the export of unprocessed miner...

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