Tanzania Considers Replacing Gold With Tanzanite Gemstones
The government has been contemplating to include the precious stones in national foreign reserves at the Central bank instead of gold which is shunned due to price instability.
Tanzanite gemstones.
-
Tanzania:
Gross Domestic Product On Record 7.9% Growth
Daily News, 30 September 2016
Gross Domestic Product grew by 7.9 per cent in the second quarter of 2016, beating by far the 5.8 per cent rate recorded in the corresponding period last year. Read more »
-
Tanzania:
Tanzanite - Low Production, High Operational Costs
Daily News, 8 September 2016
Entrepreneurs whose survival depends on Tanzanite business at Mirerani mining area in Simanjiro District, Manyara Region have a reason to worry due to skyrocketing operational… Read more »
-
Tanzania:
Govt Puts Mechanism to Nab Diamond, Gold Smugglers
Daily News, 4 September 2016
In a bid to halt tanzanite and gold smuggling in the country, the government through the Ministry of Energy and Minerals is on the drawing board to come up with a proper plan to… Read more »
-
Tanzania:
Tech Helps Tanzania to Discover More Gold Reserves
East African, 27 August 2016
The use of geographical information system (GIS) technology in gold exploration in Tanzania has led to the discovery of large deposits near the Bulyanhulu goldmine in Kahama. Read more »
-
Tanzania:
India Appeals to Ease Tanzanite Export Restrictions
Daily News, 22 August 2016
India has appealed to Tanzania to lift the restriction imposed on export of tanzanite weighing over one gram and subsequently double its export tax as a measure to curtail… Read more »
-
Tanzania:
Maiden Tanzanite Gemstones Auction Generates U.S.$.3.3 Million
Daily News, 15 August 2016
Tanzanite gemstones worth over 3.3 million US dollars (over 7bn/-) were sold during the maiden mineral auction here over the weekend as Manyara region starts the process to… Read more »