I found this interpretation of the new Tanzanian legislation a...

I found this interpretation of the new Tanzanian legislation a good one by STA, the full ASX response is on HC under STA.

I have seen worse conditions imposed by shire councils in NSW when a DA is approved for a subdivision of land or even a home , 40 pages plus stacks of expert reports , Environment impact studies and how to address the impacts impacts ? section 94 contributions , restitution , a massive bond and guarantee , far more draconian and complex than this legislation , mining here has much higher hurdles again to pass the department of Environment's filters, I notice the CBA are a recent major shareholder of KNL , there not stupid ? lets hope everything settles down in the next few weeks.
　
Mineral Sands developer, Strandline Resources Limited ("Strandline" or the "Company") (ASX: STA), notes the passing of three bills of legislation containing changes to the legal framework governing the natural resources sector in Tanzania.
Special Bill Supplement No.2 (Bill No.2), Special Bill Supplement No.3 (Bill No.3) and Special Bill Supplement No.4 (Bill No.4) have been approved by the Tanzanian Parliament and are awaiting Presidential approval. 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. Full details are available at: http://www.parliament.go.tz/bills-list
Strandline’s Managing Director Luke Graham said: "We acknowledge the Bills of Legislation provide for transparency and additional clarity. Based on the information currently available to Strandline, we do not believe the legislation will have a major impact on the Company’s strategy or its ability to achieve its exploration and project development goals.
We look forward to continuing to work with the Government of Tanzania to progress the development of our heavy mineral sands projects in a manner which delivers significant benefits to both the people of Tanzania and Strandline shareholders."
Strandline has reviewed the bills of legislation and provides the following initial guidance on the potential impact on the Company:
Power to Review Agreements
Bill No.2 provides that all arrangements or agreements made by the Government must be reported to the National Assembly within six sitting days of the National Assembly next following the making of such arrangements or agreements, in effect requiring all arrangements or agreements entered into with the Government to be ratified by the National Assembly.
Where the National Assembly finds that the arrangement or agreement contains unconscionable terms, it may by resolution direct the Government to initiate re-negotiation of the arrangement or agreement with a view to rectifying the terms.
The Government shall, within 30 days of the resolution of the National Assembly, serve notice to investors of the intention to re-negotiate terms. The period for re-negotiation shall be 90 days unless extended by mutual agreement. After completion of the re-negotiation, the Government shall report the outcome to the National Assembly. Where there is no agreement on the re-negotiation of the unconscionable terms, such terms will be deemed to have been expunged.
Comment:
Strandline understands that until such time as the National Assembly has considered and approved any arrangements or agreements with the Government, such arrangements or agreements cannot be considered as finalised. Strandline will comply with these requirements when entering into any arrangements or agreements with the Government.
Bill No.2 allows the National Assembly to review any pre-existing arrangements or agreements with the Government in the manner mentioned above.
Comment:
Strandline has no pre-existing mining development agreements in place and therefore is not impacted by this change.