The government has strengthened transparency in the mining sector by introducing daily indicative prices for gold, copper and silver, a move aimed at protecting small-scale miners and ensuring they benefit from fair market value.
The initiative, implemented through the Tanzania Mining Commission, is part of broader reforms designed to improve accountability in mineral trading and reduce exploitation in the supply chain.
The daily prices will be used in mineral markets and buying centres across the country, reflecting global market movements.
Speaking in Kahama while closing a training session for mine managers and chief inspectors from Kahama, Mbogwe and Shinyanga, Director of Mineral Audit and Trade CPA Venance Kasiki said the system will enable miners to make informed business decisions and avoid losses caused by middlemen.
He said many small-scale miners have in the past sold minerals without clear knowledge of international prices, leading to unfair deals and loss of income.
The new system, he noted, ensures that miners are aware of the real value of their minerals before selling.
Kasiki added that the government is also strengthening monitoring systems in the sector and encouraging the public to report cases of mineral smuggling.
He said individuals who provide credible information will be rewarded, as part of efforts to curb illegal trade.
He warned that strict legal action will be taken against anyone involved in smuggling or illegal mineral trade, including prosecution, confiscation of minerals, fines and imprisonment as provided by law.
On safety, Kasiki stressed that mining must be conducted responsibly and in line with safety standards, noting that human life must always come first before mineral wealth.
He urged miners to prioritize occupational health and safety to ensure sustainable operations.
He also encouraged miners to use accredited laboratories under the Mining Commission for testing mineral samples, saying this will help improve accuracy and support better business decisions, unlike unregulated testing centres that may provide misleading results.
In addition, he reminded licence holders of their obligation to implement Corporate Social Responsibility (CSR) projects in communities surrounding mining areas, as required by law, to ensure local populations benefit from mining activities.
Earlier, Director of Mine Inspection and Environment Engineer Hamisi Kamando said the training attracted strong participation, with 370 miners attending out of 400 expected, reflecting growing awareness and interest in safety, environmental protection and best mining practices.
SHIREMA Chairperson Hamza Tandiko welcomed the initiative, saying it has improved miners’ understanding of mineral business operations, safe handling of chemicals and explosives, environmental conservation and accident investigation.
He urged miners to shift from informal mining practices to modern, safer and more productive methods that improve earnings and sustainability.
