Tanzania Moots New Gem Plaza for Arusha

Source: East African BusinessWeek

 

Arusha — The Tanzania government through the Arusha International Conference Centre (AICC), has put strategic plans to build a Tanzanite Plaza in Arusha City to house all transactions related to Tanzanite minerals.

Latest annual figures show Tanzania earned $38 million from the exports of Tanzanite, a bluish purple gem only found in the country.

Maasai tribesman Ali Juuyawatu is credited with finding the first tanzanite crystal.

Deputy Energy and Minerals minister, Dr Medard Kalemani, said the proposed structure is meant to ensure that Tanzanite dealers will have the precious stones in a secure place and provide a one-stop-centre.

He said this when responding to Simanjiro lawmaker, James Millya (Chadema) who wanted to know the government's plan to help Tanzanite traders in terms of providing them with loans and a reliable market.

Millya said that Tanzanite business people from other countries such as India and Kenya were getting full support from their governments, saying the move could be the reason why some people think that the gemstone was being produced in such countries.

"What's the government plan to help Tanzanite dealers to get loans so that they can be in a position to compete with other traders from outside the country?" Millya asked.

Dr Kalemani told parliamentarians that the government has been assisting local dealers by creating a favourable business environment to ensure their efforts pay dividends.

"The government through the Ministry of Energy and Minerals assists brokers and dealers get licenses and necessary support," he said.

He said, "We have also been organizing the Arusha Gem Fair (AGF) annually to connect local dealers with international traders. This is an opportunity to promote the business."

The minister also said that the government has been supporting small-scale miners and dealers by subsidizing them.

"In 2015/2016 financial year, for example, the government issued a subsidy to small-scale miners, service providers at the mining sites and the traders amounting to Tshs 7.2 billion (about $3.2 million)," he said.

Almost all Tanzanite is found in the hills of Merelani in northern Tanzania.

The gemstone was named for Tanzania by famur jewellers Tiffany & Company. Due to the crystals showing different colours depending on viewing direction, cutters can choose bluish purple or the more favored pure blue or violetish blue hue depending on how much weight they want to retain from the rough.

In such leading markets as North America and Europe, Tanzanite fashioned pieces are popular gifts for celebrating anniversaries or presented as birthstones.

 

 

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |



Mining industry must spread social and environmental progress to small-scale mines

  1. Artisanal and small-scale mines, normally operating in the informal economy, produce a big chunk of the minerals we use every day -- about a fifth of the world's gold produced each year, for example. …
  2. {read by 32 people}


Artisanal miners being duped

  1. Fidelity Printers and Refiners (FPR) said on Monday artisanal miners, who are contributing significantly to the country's gold production, were being duped by middle-men who are buying the yellow meta…
  2. {read by 43 people}


How a young German director documented illegal gold mining in Ghana

  1. Filmmaker Johannes Preuss has received a student Oscar for his film, "Galamsey," which was shot in Ghana and looks at the illegal gold trade there. DW met him to discuss how the country could "turn in…
  2. {read by 72 people}


Gold war in Colombia: traditional miners against the state

  1. Luz Dary has spent more than half of her life in the mine. This 47-year-old Colombian woman is a chatarrera, a scrap collector: she toils away, every day, from six in the morning to six at night, alon…
  2. {read by 63 people}


Daily Grind: Women Stone Crushers Feed Demand for Construction in Kenya

  1. KISII, KENYA - On a fine afternoon in Nyantitira village, about 192 miles (310 km) west of Nairobi, Gladys Nanzala emerges from her house armed with a spade, a bucket and a few sacks. She is heading b…
  2. {read by 57 people}


SA's influence felt in start of African tin mine

  1. Two global events have led to development of a long-dormant deposit at Bisie - in thick forest in the war-torn corner of the Democratic Republic of Congo - in what will become Africa's only formal tin…
  2. {read by 80 people}



khjg