Mining firms in Tanzania must float 30pc stake on Dar bourse
Gold mining at Buzwagi. Tanzania has put in place new regulations that make it mandatory for mining companies holding special mining licences to offload at least 30 per cent of their shares at the Dar es Salaam Stock Exchange. PHOTO | FILE
Tanzania has put in place new regulations that make it mandatory for mining companies holding special mining licences to offload at least 30 per cent of their shares at the Dar es Salaam Stock Exchange.
According to the newly published Minimum Shareholding and Public Offering Regulations, companies currently holding the licences must comply with the rules within two years from the date of commencement.
