Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals

Mining companies that could be affected by the proposed law changes include AngloGold Ashanti, Acacia Mining Plc and Petra Diamonds.

Acacia, which has most of its operations in Tanzania, has been a particular target of Magufuli's ire. Its share price has nearly halved since March 3, when the government banned it from exporting minerals in a row over taxes.

Acacia and AngloGold said they were studying the legislation. Acacia also said talks with the government on the export ban were "yet to begin".

(Additional reporting by Zandile Shabalala in London and Katharine Houreld in Nairobi; writing by Katharine Houreld; Editing by Dale Hudson and Jason Neely)


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