News · Minerals

Government to probe who really owns mining service firms

Minister for Minerals Anthony Mavunde said the Ministry, the Mining Commission, BRELA and TRA will review who actually controls companies supplying the mining sector, after reports of local shareholders holding the required 20% on paper only. The Commission collected TZS 411 billion in July to September 2026.

Reported · Source: The Respondent Online · Read by the Fursa365 desk

An open-pit mine at sunset with haul trucks on the ramp
DESK NEWS
1named source
3actions on Fursa365
0advice given

Why it matters

Fursa365 screening asks for beneficial owners on every mining listing, and nominee arrangements must be disclosed. This review makes that check essential.

What to do on Fursa365

  • Declare every beneficial owner on a mining listing; nominee arrangements must be disclosed at screening.
  • Keep BRELA beneficial-ownership filings current before you offer or request.
  • Expect a counterparty's advocate to verify ownership in due diligence.
About this item

Summarised by the Fursa365 desk from the source linked above, as reported on 2 Oct 2026. Figures are the source's. Nothing here is legal, tax or investment advice; confirm current rules with the authority named and your own advocate.

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