Foreign Exchange Rates

Stanbic Bank Clinic Promotion

Air Tanzania

Investment Promotion Exhibition & Conference

Barclays Rebranding

Advertise Here

Advertise Here

Tuesday, 5 June 2018

STRINGENT CONTROLS IN TANZANIA MINING SECTOR BEGIN TO PAY OFF

Tanzania President John Magufuli. He inaugurated the Great Mirerani Wall, a 24.5km wall surrounding Mirerani tanzanite mine on April 6, 2018.
Tanzania has collected Tsh615 million ($270,000) as royalty from tanzanite small-scale miners in the first three months of 2018.

This, the government says, is $100,000 more than the total collected in the last three years.

Minerals minister Angellah Kairuki said the increase (59 per cent) arose after government introduced controls to curb illegal mining of the blue-violet gemstone that is only found in Tanzania.

Last year, a parliamentary committee investigated tanzanite mining and reported that there was massive smuggling. The investigation revealed that the country only received 5.2 per cent of revenues from global tanzanite trade over the past decade.

Last September, President John Magufuli ordered the military to build a 24km-long wall with security cameras and checkpoints around tanzanite mining site in the northern region to control illegal mining and trading activities. He inaugurated the Great Mirerani Wall in April.

"Due to such steps, the government collected Tsh714.67 million ($313,000) as royalty for three months with Tsh614.67 million ($270,000) being from artisanal tanzanite miners," Ms Kairuki told parliament on Thursday.

No comments:

Post a Comment