Tanzania Launch Gold Refining Plant to Stop Exports
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.