The largest tanzanite gems in history sold for $ 3 million

The largest tanzanite gems in history sold for $ 3 million

Saniniu Laizer, 52, a Maasai a small miner and his team found the two stones – weighing 9.27 kilograms (20.4 pounds) and 5.103 kilograms (11.3 pounds) – on Mererani Hill, in the Simanjiro district of the northern region of Manyara. Laizer Mining Company employs more than 200 excavators.

He sold the stones, which have a deep blue or purple color and are found only in Tanzania, to the government for 7.7 billion Tanzanian shillings ($ 3.3 million).

After being given a check during a ceremony attended by top Tanzanian government officials last week, Laizer said he would spend the funds on his community.

“The money I spent on selling my tanzanite, I plan to use to build a school to support my community and a shopping center to support my family,” he said on a state television network show TBC.

Tanzanian President John Magufuli congratulated the mine and said the result showed that “Tanzania is a rich country. This is actually for the benefit of artisanal miners.”

Tanzania had revoked about 5,000 mining licenses and handed them over to small-scale miners to empower Tanzanians, Mining Minister Doto Biteko said during the broadcast last Wednesday.

Biteko said smaller miners should not be discouraged by the fact that they do not have modern technologies for mining.

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“The tanzanites that have been discovered are [the] the largest tanzanite in the history of tanzanite mining in our country, that is why the president had us to buy them and preserve them [them] until later, when we decide what we want to do with them, ”Biteko said on the show.

In recent years, Tanzania has made changes to its laws to increase its share of benefits from the discovery and sale of resources.

Consequently, foreign mining companies – including urite and graphite mines – are destined to give the government a 16% share of the right, as required by law.

Deputy Finance and Planning Minister Ashatu Kijaji said the discovery of the stone ushers in a new era of trade for local artisanal miners who could benefit from the country’s resources.

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