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Perseus Mining faces new 20% gold sales rule...
01 Oct, 2024 07:37 225 min read
Perseus Mining’s newly acquired Nyanzaga gold project in Tanzania faces a 20% mandate requiring gold sales to the state starting October 1. The new rule impacts miners and traders, with no clarity on prices or rates, as Tanzania seeks to boost its gold reserves. The Central Bank of Tanzania aims to purchase up to 6 tonnes of gold this year through local refineries. This move aligns with global trends among developing nations to strengthen foreign reserves.... More