Sovereign risk
Image: Nick Fraser. BY ELIZABETH FABRI The Government of Tanzania has passed laws allowing it to tear up and renegotiate contracts with natural resources companies; causing widespread concern and uncertainty for the ASX-listed miners, exploration companies and service companies with interests in the East African nation. Australia-Africa Minerals & Energy Group (AAMEG) chief executive Doug Horak examines how the legislation impacts Australian miners moving forward. 1. What do you make of the new laws passed by the Tanzanian Government? Changes to the Tanzanian mining law in July have had a disruptive impact on the long-held view that the investment climate of Tanzania is an attractive one that is able to encourage foreign direct investment into its mining industry. However, at the…