Shanta Gold Limited Proposed Tanzanian Legislative Changes (6991J)
30 June 2017 - 4:01PM
UK Regulatory
TIDMSHG
RNS Number : 6991J
Shanta Gold Limited
30 June 2017
30 June 2017
Shanta Gold Limited
("Shanta" or the "Company")
Proposed Tanzanian Legislative Changes
Shanta Gold (AIM: SHG) notes the publication of draft
legislation tabled in the Tanzanian Parliament on 29 June 2017. The
proposed legislation recommends changes to the legal framework
governing the natural resources sector in Tanzania. We understand
that this legislation is to be debated by the Parliament in an
extended Parliamentary session. In addition, Parliament has
approved the new Finance Act, which will impose a 1% clearing fee
on the value of all minerals exported from the country from 1 July
2017. Shanta will seek advice on the proposed changes and will
provide further updates as appropriate.
Enquiries:
Shanta Gold Limited
Toby Bradbury (CEO)
Eric Zurrin (CFO) +255 (0) 22 292 5148
Nominated Adviser and
Broker
Peel Hunt LLP
Matthew Armitt / Ross
Allister / Chris Burrows + 44 (0)20 7418 8900
Financial Public Relations
Tavistock
Jos Simson / Emily Fenton
/ Barnaby Hayward +44 (0)20 7920 3150
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer, developer
and explorer. It currently has defined ore resources on the New
Luika, Nkuluwisi and Singida projects in Tanzania and holds
exploration licences over a number of additional properties in the
country. Shanta's flagship New Luika Gold Mine commenced production
in 2012 and produced 87,713 ounces in 2016. The Company is admitted
to trading on London's AIM and has approximately 766 million shares
in issue.
For further information please visit: www.shantagold.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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