Mining Index Zimbabwe

Tanzania to pay market prices to miners ordered to

- Africa -
October 3, 2024

Tanzania’s central bank said it will buy gold at market prices from mining firms and traders who were ordered last week to sell it at least 20% of the gold they hold to help diversify its reserves.

The central bank will also offer reduced fees and faster payment processing as part of the gold purchase program, it said in a public notice on Oct. 1.

Major gold producers in the nation.

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