https://www.miningweekly.com

Tanzania's gold export earnings up 42% in year to November – central bank

7th January 2020

By: Reuters

  

Font size: - +

DAR ES SALAAM – Tanzania's earnings from gold exports rose 42% year-on-year in the year to November, helped by higher prices and volumes shipped, the central bank said on Monday.

Tanzania is Africa's fourth-biggest gold producer after South Africa, Ghana and Mali and has changed its mining code in a bid to ensure the country earned more from its minerals.

The Bank of Tanzania said in its monthly economic review for December that gold exports rose to $2.14-billion in the year to November from $1.51-billion in the same period in 2018.

"The increase in volume exported is partly associated with government actions to effectively manage mining activities in the country," the bank said, without giving details on the volume exported.

The bank said total exports rose 12% year-on-year to $9.53-billion in year ending November.

The bank said earnings from tourism, another major foreign exchange earner, rose to $2.52-billion in the year to November from $2.45-billion in the same period a year earlier.

Edited by Reuters

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION