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Tanzania to refine its gold prospect to meet international standards

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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2021 Index of Economic Freedom: After Three Years of Worsening Trade Freedom, Countries Should Recommit to Lowering Barriers

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Global trade freedom has fallen for the third straight year and is at its lowest level since 2006. For countries around the world, that means higher tariffs and nontariff barriers than in the past. For families and businesses, it means that trading is more difficult and costly. The downward trend in trade freedom started well before the coronavirus pandemic, but a worldwide combination of pandemic-related business shutdowns and economic struggles has caused global goods trade to contract.
Initially, many countries responded to the pandemic and increased demand for medical goods such as face masks and ventilators with trade measures that restricted the free movement of those products. While many of those measures were eventually removed, they undoubtedly made it more difficult for products to go where they were most needed. Economic recovery discussions in the U.S. and around the world are now focusing on how to prevent such a recession in the future. ....

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