Govt reinvests mining revenue to boost exploration
LONGIDO, July 13 -- THE government has begun implementing President Samia Suluhu Hassans directive to reinvest part of the mining sectors revenue into its development, with 10 per cent of mineral revenues allocated to mineral exploration.
The initiative is expected to strengthen geological research, improve the availability of scientific data on mineral deposits and support the sustainable growth of the mining sector.
Deputy Minister for Minerals Dr Steven Kiruswa announced the initiative during a visit to Longido District, Arusha Region, where he met miners, mineral dealers and local government leaders. He also officiated the opening of elections for small-scale mineral dealers, popularly known as brokers.
Dr Kiruswa said the allocati...
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