Mining News

Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine

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Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duffy said at a signing ceremony in Dar Es Salaam on Monday. The move, expected to be included in a framework agreement to be signed on Monday, will bring Petra into line with Tanzania’s mining legislation which sees the government granted a 16% free carried interest in all major mines in the country.

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