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Tanzania gold plant launched in plan to stop exports
8:59 CAT | 15 Jun 2021
The President of the United Republic of Tanzania, Samia Suluhu Hassan on Sunday June 13, 2021 inaugurated the Mwanza Precious Metal Refinery (MMPR) gold refinery worth Sh12.2 billion. [Photo: The Citizen Tanzania]
Tanzania has launched a $5.2m (£3.6m) 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, which is touted to be the largest in the East African region, 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.
Source: BBC
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