GEITA: THE Minister for Minerals, Minister Anthony Mavunde has said the sixth phase government is effectively monitoring all companies investing in the mining sector, to ensure that they actively implement the local content Act and its regulations.
Mr Mavunde made the statement on Tuesday this week while addressing mining stakeholders in Geita Town Council after visiting Blue Coast Investment Limited, a local company that provides transportation services in Geita Gold Mining Limited (GGML).
He said the Mining Local Content Act and Regulations, 2018 was revised in 2019 and present Tanzanians with the opportunity to directly participate and benefit from the mining sector.
In his address, he congratulated Blue Coast Company Executive Director , Mr Athanas Inyasi for taking advantage of the changes in the mining law and urged other Tanzanians to use the opportunities effectively.
He said the existence of the law to empower the locals has reduced the complaints and conflicts among the natives and investors that existed for several years and in turn making the country benefit from the mining sector.
He urged Tanzanian companies to look for opportunities in various areas in the mining sector, especially by providing quality services with the international standards in order to win the market in the global arena.
“Let me take this opportunity to ask Tanzanians to show up in large numbers when these positions are announced and it will also be our measure to start providing services and producing products at international standards,” he pointed out.
Equally, Mr Mavunde urged the financial institutions to support the local contents mineral act by providing loans to Tanzanian private companies so that they get capital and meet the level and ability to provide better quality services.
On his part, Geita Regional Commissioner Martin Shigella said the implementation of the local content Act has promoted the scope of investment for Tanzanians and asked the government to give incentives to companies that are more in charge of the law.