Company still has to pay 30% of its share for public use

Tanzania said that it will continue to work with key stakeholders in the mining industry, particularly from the private sector, in order to create favorable conditions for the segment of mineral production in the country.
Regional Commissioner for the district Manyara (Manyara) Dzhoel Bendera (Joel Bendera), officially opened the 6th in a row fair gems in Arusha, Tanzania, said that his country is looking forward to build on the success and make Arusha center of trade in precious stones in Africa.
"We are determined to reform the various problems facing the industry, and we promise to work closely with the private sector", - he said.
Tanzania has introduced new rules for operating in the country of mining companies to promote local ownership and building capital markets, which should come into force until August 23 this year.
Recently, Petra Diamonds said it is in talks with the Government of Tanzania to transfer his 30 per cent share of the mine Williamson (Williamson) according to the new requirements and the listing on the Stock Exchange of Dar es Salaam.
Tanzanian government already owns a 25 percent stake in the mine Williamson.
However, some officials have argued that the government's stake in Williamson Diamonds is not public, and therefore the company still has to pay 30% of its share "for public use".
Meanwhile, the regional commissioner said that the fair jewels in Arusha is a consequence of the country's policy in respect of mineral resources in 2009, which was adopted with a view to make Tanzania a center of trade in precious stones in Africa through enhanced action to increase the value added and trade in precious stones.