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Why dealers are stuck with 42,000 tons of minerals
One of the raw precious stones of tsavorite found in Taita Taveta County on display at Voi Gemstone Marketing Centre in this photo taken on September 6, 2024.
Dealers in precious metals are stuck with a stockpile of more than 42,310 metric tonnes worth millions of shillings after President Wiliam Ruto’s administration classified 14 minerals strategic, transferring the authority to explore, mine and deal to the State.
An industry inventory, submitted to the State Department for Mining, shows copper accounts for the bulk of the stock followed by chromite and beryllium.
