Tanzania Establishes Mineral Markets and Purchasing Centres to Regulate Trade
The establishment of mineral markets and purchasing centres in Tanzania has improved transparency, reduced smuggling, and increased government revenue. Miners and traders now sell minerals through official channels. There are 44 mineral markets and 120 purchasing centres nationwide.
The establishment of mineral markets and purchasing centres has improved transparency in Tanzania's mineral trade, reduced smuggling, and increased government revenue. Miners and traders now sell minerals through official and regulated channels. There are 44 mineral markets and 120 mineral purchasing centres in the country. In Ruvuma Region, there are two official mineral markets: the Songea Mineral and Gem Market and the Tunduru Mineral and Gem Market, according to dailynews.co.tz. The Tunduru Mineral and Gem Market was officially inaugurated by President Samia Suluhu Hassan on September 26, 2024, according to dailynews.co.tz. The Directorate of Mineral Inspection and Trade oversees mineral trading, promotes Tanzanian participation in the sector, combats smuggling, conducts tax and financial audits, and provides laboratory services, according to allafrica.com.
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