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Capital Drilling Plc

Tanzania: Novel Gold Trading System Starts Soon, Geita RC Says

The first ever international gold exchange in Geita Region that will attract both local and foreign gold dealers is set to kick start before the end of the month, Geita Regional Commissioner Eng Robert Gabriel has said.

The new development is in line with President John Magufuli’s latest directive to ensure that Tanzania takes a lead in the international gold business.

Tanzania is ranked fourth in gold production in Africa after South Africa, Ghana and Mali.

Capital Drilling (LON:CAPD) provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group’s corporate headquarters are in Mauritius.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.