Monday, September 11, 2017

Tanzania Confiscates Diamonds From British Mining Company

8:54:00 PM

The Tanzanian government has announced the seizure of diamonds worth an estimated $29.5 million after accusing British company Petra Diamonds, of undervaluing the worth of the gems.

Minister of Finance Philip Mpango stated on Sunday that he had nationalized these diamonds, extracted from the Williamson Diamonds mine, 75% owned by Petra Diamonds and 25% by the Tanzanian government.

By Ghana Leaks Blog

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