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Tanzania to refine its gold prospect to meet international standards
Thursday, 06 May 2021 03:10
(Ecofin Agency) - The governor of the Bank of Tanzania Prof Florens Logan has recommended that Stamico, the State Mining Corporation, authorize Tanzania to start refining its gold to meet international standards.
This urgency was prompted after the governor visited Mwanza’s plant (Mwanza Precious Minerals Limited), which refined 47 kilograms of gold on its first day of operations on April 21, 2020. The plant can refine up to 480 kilograms of gold at 99.99% purity in a day.
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Given the production capacity of this plant, I believe that it will be able to refine all locally mined gold as well as those from neighboring countries. The final product will bear the originality mark from Tanzania, and hence promote Tanzania overseas,” said the Governer. ....

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