Wednesday , June 12 2024


Tanzania’s instant millionaire hits another jackpot

Accidentally millionaire, Saniniu Laizer, has discovered yet another giant violet-blue stone weighing 6.3 kilograms (13.9 pounds). This is within two months of becoming a millionaire overnight in June after his mining company discovered two rough Tanzania gemstones worth $3.4 million and believed to be the largest in the world. Laizer, …

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Gemstones turn miner into an instant millionaire

Saniniu Laizer, a small-scale miner in Tanzania, has become an instant millionaire after selling two rough Tanzanite stones, the biggest ever find for the country. Laizer earned £2.4m ($3.4m) from the country’s mining ministry for the gemstones, which had a combined weight of 15kg (2.3 lb). “There will be a …

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Govt’s efforts to curb illicit dealing in mining pays dividends

The Tanzanian government’s efforts to curb cheating in the mining industry, especially smuggling of minerals and gemstones has paid handsomely as the current revenue collections in the sector have shown a great increase as compared to previously. The current revenue collections reveal that they have risen to 470bn/- from an …

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