Miners in the Mwadui mine in northern Tanzania. Cutting tanzanite locally will minimise smuggling, create employment for locals, and contribute more revenue to the government. PHOTO | FILE
Tanzania is likely to repossess a diamond mine currently being run by a London Stock Exchange-listed mining company, Petra Diamond Ltd, after President John Magufuli directed a review of Williamson Diamond mine’s contract, which operates Petra’s Mwadui diamond mines.
A parliamentary probe into the diamond trade alleged massive fraud and recommended, among other things, repossession of the mine, a proposal that got an immediate nod from the president.
