The Mining (Minimum Shareholding and Public Offering) (Amendment) Regulations, 2020

1

These Regulations may be cited as the Mining

These Regulations may be cited by name and must be read together with the principal Regulations.

1. These Regulations may be cited as the Mining (Minimum Shareholding and Public Offering) (Amendment) Regulations, 2020 and shall be read as one with the Mining (Minimum Shareholding and Public Offering) Regulations, hereinafter referred to as the "principal Regulations."

2

The principal Regulations are amended by adding

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This provision says the principal Regulations are amended by inserting new text after regulation 6, but the inserted text is not shown here.

2. The principal Regulations are amended by adding immediately after regulation 6 the following: The

6A

Section 6A

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A special mining licence company loses the exemption from listing provisions of regulations 4 and 5 if it has an agreement with the Government that includes free carried interest shares and an economic benefits sharing arrangement.

6A. "Exemption from listing provisions of regulations 4 and 5 shall not apply where a company holding a special mining licence has entered into an agreement with the Government of the United Republic and the agreement provides for- (a) non-dilutable free carried interest shares in the capital of a mining company; and (b) economic benefits sharing arrangement." Dodoma, ….……………, 2020 DOTTO M. BITEKO, Minister for Minerals 1

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Provisions of The Mining (Minimum Shareholding and Public Offering) (Amendment) Regulations, 2020

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