Mining (Minerals and Mineral Concentrates Trading) Regulations, 2018 (GN No. 2 of 2018).
Country
Type of law
Regulation
Abstract
These Regulations, comprising 19 articles, establish rules for the trading of minerals and mineral concentrates (substances derived from the direct extraction of minerals from ore that require further processing to obtain metals and by-products). They outline (i) requirements for export and import permits; (ii) procedures for applying to import and export minerals; (iii) conditions for re-export permits; and (iv) guidelines for obtaining dealer licenses. Part III specifies that every licensed mineral dealer must maintain a detailed mineral register, recording all receipts, dispatches, and disposals of minerals in the prescribed format. These records must be updated regularly and submitted to the Commission every month. Dealers are required to securely store minerals at their licensed premises, a bank, or another secure location, and ensure safe transport. The Commission may impose specific storage conditions or prohibit certain practices. Failure to comply with these regulations can result in substantial fines or imprisonment. Article 18 mandates that each export permit for tanzanite minerals must be accompanied by a certificate of origin issued by an authorized officer. The annexes provide information on (1) fees related to mineral trading and (2) the various forms and types of licenses available.
Attached files
Web site
Date of text
Notes
Mining (Mineral Trading) Regulations, 2010 are hereby revoked.
Repealed
No
Source language
English
Legislation Amendment
No
Amended by