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Tanzania Extractive Industries (Transparency and Accountability) Act. 2015 (No. 23 of 2015).

Country/Territory
United Republic of Tanzania
Document type
Legislation
Date
2015
Source
FAO, FAOLEX
Long title
An Act to provide for establishment of the Extractive Industries (Transparency and Accountability) Committee for purposes of ensuring transparacncy and accountability in extractive industries and to provide for other related matters.
Subject
Environment gen., Mineral resources
Keyword
EIA Access-to-information Business/industry/corporations Mining Authorization/permit Institution Minerals Exploration Data collection/reporting Offences/penalties
Geographical area
Africa, Eastern Africa, Least Developed Countries
Abstract

This Act establishes the Tanzania Extractive Industries (Transparency and Accountability) Committee ("the Committee") and provides with respect to transparency and accountability in commercial operations concerning extraction of minerals, oil and natural gas. The Committee shall be an independent Government entity which shall be an oversight body for promoting and enhancing transparency and accountability in the extractive industry. The Act also establishes a Nominations Committee for purposes of appointment of Chairman and Executive Secretary the Committee. The Committee shall be responsible for ensuring that benefits of extractive industry are verified, duly accounted for and prudently utilized for the benefit of the citizens of Tanzania. It shall, among other things, develop a framework for transparency and accountability in the reporting and disclosure by all extractive industry company on revenues due to or paid to the Government and monitor activities of the extractive industry as prescribed.

Full text
English
Website
www.parliament.go.tz

References - Legislation

Amends

Mining Act, 2010 (No. 14 of 2010).

Legislation | United Republic of Tanzania | 2010

Keyword: Mining, Authorization/permit, Institution, Minerals, Exploration, Access right, Concession

Source: FAO, FAOLEX