By Special Correspondent, Nairobi HAD it not been for the reforms implemented in Tanzania’s mining sector, a small-scale miner, Joseph Tenela, could not have fetched more than TZS 3 billion (about $ 1.4m) from his discovery of a diamond weighing 512.15 Carats in Shinyanga Region. The current Tanzanian government has reduced several taxes and fees that were to be paid by the miners, established special mining stock markets for all gemstones and other mining, so that small dealers and miners like Joseph can no longer run to the dark markets. Speaking r3ecently on the development, the Deputy Minister for Minerals, Hon. Stanslaus Nyongo, confirmed the exceptional discovery that happened at the Maganzo mining area in Shinyanga. Under the new ‘mining stocks’ system, small-scale miners are especially compelled to openly trade their mineral findings on location through special exchanges, instead of selling them through perfidious underhand dealings as was the case for far t...
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