Government Directs Mining Commission to Extend Operating Hours of Mineral Markets Until 9:00 PM
Latest Tanzania mining news · Government Directs Mining Commission to Extend Operating Hours of Mineral Markets Until 9 explained · updated Aug 13, 2026 · breaking news · latest updates · explained
TLDR
- Bank of Tanzania Domestic Gold Purchase Programme BOT launched its Domestic Gold Purchase Programme on 1st October 2024 to implement the 20% gold purchase commitment set out in Section 59 of the Mining Act (Cap 123).
- Abdulrahman Mwanga, presented the figures to the Parliamentary Standing Committee on Energy and Minerals held in Dodoma on 11th August 2026, where the Ministry briefed lawmakers on the performance of the mineral sector.
- The Ministry of Minerals shared the figures in a statement posted on its official X account, reporting that 21,710 kilograms of that volume, equivalent to 75.64%, were purchased directly by the Bank of Tanzania (BOT).
- Anthony Mavunde, directed the Mining Commission to extend the operating hours of mineral markets until 9:00 p.m., to give traders and buyers more time to conduct business, making mineral markets more accessible and.
- In addition, it has signed 14 Memoranda of Understanding (MoUs) with investors whose mining projects have yet to reach production, while continuing to expand access to financing for qualified small-scale miners.