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Tanzania miners ordered to sell at least 20% of their gold to the central bank

Summary by African Mining Market
Tanzania’s mining regulator has ordered all gold mining firms and traders to sell at least 20% of their gold to the country’s central bank. This directive, part of a broader strategy to diversify the Bank of Tanzania’s (BoT) foreign exchange reserves, took effect in October 2024, following the enactment of new mining regulations. The central …
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African Mining MarketAfrican Mining Market

Tanzania miners ordered to sell at least 20% of their gold to the central bank

Tanzania’s mining regulator has ordered all gold mining firms and traders to sell at least 20% of their gold to the country’s central bank. This directive, part of a broader strategy to diversify the Bank of Tanzania’s (BoT) foreign exchange reserves, took effect in October 2024, following the enactment of new mining regulations. The central …

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HoweStreet broke the news in on Friday, March 28, 2025.
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