STAMICO

Speaking to journalists during a press conference in Dar es Salaam, STAMICO Acting Managing Director, Ms Zena Kongoi said that in 2013/2014, 281m/- was collected but thanks to reforms, the figure has increased to 3.17bn/-.

?There are a number of reasons that can be attributed to this increase but a significant one is the signing and passing of the Establishment Order by President Jakaya Kikwete in March this year that allows the corporation to do business as well as own mines and develop them,? she said.

Ms Kongoi said that as per requirements by the Ministry of Energy and Minerals, the corporation is required to collect 200bn/- annually until 2016 adding that though they failed to meet this year?s target, they strive to do so in future.

She said that in the one year since the reforms and revival of the corporation began, there have been a number of notable achievements and mechanisms had been put in place to accrue more.

Highlighting some of them, she said until June 2015, the corporation had managed to obtain seven contracts, four for drilling and three for geological surveys and mining adding that within this period, 2,434 metres had been drilled using diamond and 8,000 metres using reverse circulation that drew in 1.81bn/-.

?We are in the final process of securing a loan from the Tanzania Investment Bank worth 790,000 US Dollars to get modern drilling rigs so that we can effectively compete in the market,? she explained.

Other achievements are the opening of the Stamigold Biharamulo Mine in July last year that is fully owned by the government and in August last year produced its first consignment of gold of 25kg worth 1.5bn/- and between July 2014 and June this year, the mine has transported to Switzerland 12,923.35 ounces banking another 15.6m US Dollars.

With regard to small scale miners, Stamico started a project to coordinate and develop them with technical skills with the assistance of the Ministry as well as being in the final stages of launching a small scale mining portal that will enable one to get accurate information on markets and prices as well as starting a database.

The Stamigold Mine Managing Director, Mr Dennis Sebugwao, said that they are doing a lot to help small scale miners particularly in analysing their data as well as training them on safety issues and controlled drilling.

Mr Sebugwao said that as a government owned mine, their primarily objective is to serve the people and that unlike private companies that don?t have expatriates, their costs are a little less (6bn/-) a month and therefore are able to employ more local citizens.

The Stamico Acting Director of Human Resource and Administration, Mr Deusdedith Magala, said that alongside the reforms that have been made and the achievements accrued, in 2014 74 new employees were added either to beef up or replace and that this financial year another 52 from different cadres and levels would be added.

By MASEMBE TAMBWE, Tanzania Daily News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.