Govt plans to ban exportation of raw gold to protect factories   

06Jul 2020
By Guardian Reporter
The Guardian
Govt plans to ban exportation of raw gold to protect factories   

​​​​​​​PERMANENT Secretary in the Ministry of Minerals Prof Simon Msanjila has said the government is working to ban exportation of raw gold immediately after the mineral refinery factories commence operations in the country.

Prof Simon Msanjila.

Prof Msanjila made the remarks yesterday when he visited one of the gold refinery factories—Eyes of Africa Ltd to inspect construction progress.

“Once the gold refining industries begin to work, the government will officially ban the export of raw gold and instead all the minerals would be refined in the country before they are exported. This will enable the country to get  revenues,” he said.

The PS said that the ‘Eyes Of Africa Ltd’ is the first gold refining factory to be built in the country

He said the government issued gold refinery licences to four companies including Eyes Of Africa Ltd based in Dodoma, Stamico-Mwanza, Geita Gold Refinery and African Ayes-Geita.

Prof Msanjila urged the Eye of Africa executive director, Ferenc Molnarm to write to the ministry a letter outlining all key things for the government to extend its support so as to achieve the company’s intended goals.

He promised the company that the government will also support to ensure that it gets customers from various parts of the country especially artisanal miners once the company commences operations.

He further commended the company’s organisation for hard work and supervision in the construction whereby almost all key machines had been installed at the factory.

However, Molnarm said that once it commences operations, the factory will be able to produce 40 kgs of gold per day.

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