GOVERNMENT STRENGTHENS TRANSPARENCY IN THE MINING SECTOR, DAILY REFERENCE PRICES TO BE ISSUED




KAHAMA

The Government, through the Mining Commission, has announced that it will continue issuing daily indicative prices for minerals such as gold, copper, and silver. These prices will be used in markets and mineral buying centers, a move aimed at enhancing transparency in the mineral trade and enabling miners to sell their minerals at true global market prices.

While closing a training session for Managers and Chief Mine Inspectors involved in small-scale mining from the mineral-rich regions of Kahama, Mbogwe, and Shinyanga, the Director of Mineral Audit and Trade, CPA Venance Kasiki, said the price information will help miners make informed business decisions and avoid losses caused by middlemen commonly known as “vishoka.”

He noted that in the past, some miners sold their minerals without knowing the actual global market prices, which led to loss of income and engagement in unfavorable contracts.

He explained that with the current system of daily price updates, miners are now better positioned to make the right decisions before selling their minerals.

Additionally, he said the Government is continuing to strengthen transparency systems in the mineral trade while encouraging citizens to report incidents of mineral smuggling. Informants will be rewarded for providing such information.

CPA Kasiki warned that anyone found involved in mineral smuggling will face strict legal action, including prosecution, confiscation of minerals, fines, and imprisonment in accordance with the law.

In another development, he emphasized the importance of safety in mining operations, noting that mining conducted without proper procedures cannot be sustainable. He stressed that human life is more valuable than minerals.

He also urged miners to use the Mining Commission’s laboratories for testing samples in order to make informed decisions, instead of relying on unrecognized laboratories.

Furthermore, he reminded license holders to implement sustainable community projects in areas surrounding mining sites, as part of their legal Corporate Social Responsibility (CSR) obligations.

Earlier, the Director of Mine Inspection and Environment, Engineer Hamisi Kamando, said the response from participants was strong, with 370 attendees out of the expected 400, demonstrating high enthusiasm among miners to learn about safety, health, and environmental conservation.

On his part, the Chairman of SHIREMA, Hamza Tandiko, said the training had increased miners’ understanding of mineral business practices, safe use of chemicals and explosives, environmental protection, and accident investigation in mining. He emphasized the need to move away from trial-and-error mining and adopt modern, productive mining practices.

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