Tanzania: Petra Diamonds Given Permission to Resume

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Petra Diamonds Limited, a diamond mining group headquartered in Jersey, has confirmed that it has received permission from the Tanzanian government to resume diamond exports from the Williamson mine.

A ban was earlier placed after a consignment of diamonds was impounded at the Julius Nyerere International Airport (JNIA) on August 31 on allegations of undervaluation, a report by The Citizen revealed.

“The exact timing and process for the next diamond parcel export to Petra’s marketing office in Antwerp and subsequent sale will now be finalised between Petra and the Tanzanian government,” a statement released by Petra on Wednesday said.

The government initially said it had confiscated the impounded consignment but confirmed later that the ministry of Energy and Minerals was conducting further investigations to determine the circumstances of the undervaluation.

So far, investigations had already resulted in criminal proceedings that have seen two government officials charged in court for occasioning a Sh3 billion loss to the government.

“A resolution has not yet been reached with regards to the parcel of 71,654.45 carats from Williamson that was blocked for export. The Company will provide an update on this as soon as practicable,” Petra’s statement reads in part.

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