Tanzania sets up mineral trading centers to curb illegal gold exports


By Fumbuka Ng'wanakilala
Monday, March 18, 2019

DAR ES SALAAM, Tanzania -- Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centers by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals.

The trading centers will give small-scale miners direct access to a formal, regulated market where they can directly trade their gold. They currently struggle to access formal gold dealers, who are mostly based in the capital, Dar es Salam, and major towns.

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A statement from the prime minister's office said the first mineral trading center was inaugurated Sunday in the northwestern town of Geita, close to the country's biggest gold mine, owned by South Africa's AngloGold Ashanti. ...

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