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Tanzania Gold Plant Launched In Plan To Stop Exports

Tanzania Gold Plant Launched In Plan To Stop Exports
Jun 15, 2021 · 52s

Tanzania has launched a $5.2m gold refining plant that is aimed at ensuring the country no longer exports raw gold. The Mwanza Precious Metals Refinery factory has a capacity of...

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Tanzania has launched a $5.2m gold refining plant that is aimed at ensuring the country no longer exports raw gold.
The Mwanza Precious Metals Refinery factory has a capacity of refining 480kg gold per day and is one of three new factories established in Tanzania.
The factory is expected to earn revenue for Tanzania through levies and royalties.
It is also expected to provide more than 100 direct jobs and over 300 indirect jobs for Tanzanians.
The factory is a partnership between the Tanzanian government - which holds a 25% stake - and other investors.
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Author Africa Business Radio
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