Stamigold exports gold worth US$15million

Stamigold mining company of Biharamuro District, Kagera Region has sold 12,923 ounces of gold worth US$15 million in international markets in one year.

During the period, the firm produced 16,388 ounces of gold, the firm’s General Manager, Engineer Dennis Sebugwao, said at an event to celebrate its accomplishments of one year.

Stamigold is a subsidiary of the State Mining Corporation (STAMICO). “Our expectations are to produce more gold at large scale and sell at low prices to boost the local economy by increasing employment opportunities in the country,” said Eng. Sebugwao.

He also described achievements made by the mine including establishment of security system within and outside the mine, reducing the mine’s operational cost and contributed 40m/- levy to Biharamulo District.

“We have also employed over 300 Tanzanians from multi-disciplinary professions and created 43 casual jobs for residents from nearby villages,” he added.

According to him, the mine has been helping the surrounding communities to address critical social challenges by distributing over 1,000 desks to schools in Biharamulo, Muleba and Ngara districts and constructed latrines for primary schools.

“We strive to be responsible corporate citizens and support sustainable development, caring for our employees and stakeholders,” he said.

Director of human resources and administration from STAMICO Mr Deusdedith Magala, who represents the agency’s Director General Eng Edwin Ngonyani, congratulated the mine and challenged it to enhance production.

“I urge you to keep on the spirit as a way to effectively contribute to the national development,” he noted.
Source: Daily News, reported by Deo Kamagi, from Dar es Salaam, Tanzania
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