STOCK WATCH

TOUGH laws on miners proposed in Tanzania has cast doubt over Katoro Gold’s Imweru project.

The government wants to hike taxes on mineral exports, take a bigger stake in mining firms and force them to build local smelters.

Katoro says it is conducting further assessments to ‘determine the extent to which the new legislation and regulations may impact the viability of the Imweru gold project’.

Shares in the firm dived 36.7pc, or 0.7p, to 1.3p.