By Our Correspondent - Geita
The Government has called on local and foreign investors to invest in gold beneficiation and processing plants in Geita Region, describing the move as a strategic intervention to enhance mineral value addition, create sustainable employment, protect the environment and increase national revenue.
The call was made by Geologist John Maganga from the Geita Resident Mines Office during an exclusive interview at the Geita Mineral Market, where he highlighted the region’s vast investment potential driven by high gold production from small- and medium-scale miners.
“This is the right time for investors to seize the abundant opportunities available in Geita by establishing gold processing and refining plants. Such investments will reduce the use of mercury, safeguard public health and the environment, and significantly increase government revenue,” he said.
He further explained that the establishment of processing plants aligns with the presence of official mineral markets, which have strengthened transparency, security and efficiency in the gold trade, while curbing smuggling practices that previously resulted in government revenue losses.
According to Maganga, mineral markets have become a catalyst for Geita’s regional economic growth by expanding employment opportunities, stimulating local businesses and increasing cash circulation, while enabling miners to sell their minerals at competitive market prices through formal government systems.
Meanwhile, Mineral Valuation Officer Peter Jamhuri said the use of digital systems in mineral markets has enhanced transparency and operational efficiency by enabling accurate recording of sales data, which has improved miners’ and traders’ access to financial services.
“Traders are now able to obtain official sales reports recognised by financial institutions as credible documentation, making it easier for them to access loans and expand their businesses,” Jamhuri explained.
On his part, gold dealer and Managing Director of Gambo Mining Ltd, Magambo Magambo, said the establishment of official mineral markets has transformed the sector and strengthened the participation of indigenous entrepreneurs.
He commended President Dr Samia Suluhu Hassan for continuing to champion policies and systems that promote transparency, curb mineral smuggling and accelerate the growth of the mining sector and the national economy at large.
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