Tuesday, July 21, 2026
Ghana News Online
Advertisement
  • News
    Wontumi Seeks Plea Deal in GH¢30m Exim Bank Fraud Trial as AG Notifies High Court

    Wontumi Receives 20-Year Prison Term in Samreboi Illegal Mining Case

    Mahama to Lead July 24 Ceremony Marking Fourteen Years Since Mills’ Death

    Mahama to Lead July 24 Ceremony Marking Fourteen Years Since Mills’ Death

    COCOBOD Begins Nationwide Education on Free Fertiliser and Cocoa Reforms

    COCOBOD Begins Nationwide Education on Free Fertiliser and Cocoa Reforms

    Police Arrest 54 in Kumasi Operations and Seize Suspected Narcotics

    Police Arrest 54 in Kumasi Operations and Seize Suspected Narcotics

    High Court Ends Bid to Revoke Expired Travel Permission for Former NAFCO Chief

    High Court Ends Bid to Revoke Expired Travel Permission for Former NAFCO Chief

    Bank of Ghana Warns Cash Spraying and Money Bouquets Breach Currency Laws

    Bank of Ghana Warns Cash Spraying and Money Bouquets Breach Currency Laws

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Politics
  • National
  • Business
  • World
  • Opinion
  • Tech
  • Science
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • News
    Wontumi Seeks Plea Deal in GH¢30m Exim Bank Fraud Trial as AG Notifies High Court

    Wontumi Receives 20-Year Prison Term in Samreboi Illegal Mining Case

    Mahama to Lead July 24 Ceremony Marking Fourteen Years Since Mills’ Death

    Mahama to Lead July 24 Ceremony Marking Fourteen Years Since Mills’ Death

    COCOBOD Begins Nationwide Education on Free Fertiliser and Cocoa Reforms

    COCOBOD Begins Nationwide Education on Free Fertiliser and Cocoa Reforms

    Police Arrest 54 in Kumasi Operations and Seize Suspected Narcotics

    Police Arrest 54 in Kumasi Operations and Seize Suspected Narcotics

    High Court Ends Bid to Revoke Expired Travel Permission for Former NAFCO Chief

    High Court Ends Bid to Revoke Expired Travel Permission for Former NAFCO Chief

    Bank of Ghana Warns Cash Spraying and Money Bouquets Breach Currency Laws

    Bank of Ghana Warns Cash Spraying and Money Bouquets Breach Currency Laws

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Politics
  • National
  • Business
  • World
  • Opinion
  • Tech
  • Science
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home Featured

Tanzanian miner becomes overnight millionaire

by Benjamin Baiden
June 25, 2020
in Featured, General News
0
Tanzanian miner becomes overnight millionaire
0
SHARES
59
VIEWS
Share on FacebookShare on Twitter

A small-scale miner in Tanzania has become an overnight millionaire after selling two rough Tanzanite stones – the biggest ever find in the country.

Saniniu Laizer earned £2.4m ($3.4m) from the country’s mining ministry for the gemstones, which had a combined weight of 15kg (33 lb).

READ ALSO

Wontumi Receives 20-Year Prison Term in Samreboi Illegal Mining Case

Mahama to Lead July 24 Ceremony Marking Fourteen Years Since Mills’ Death

“There will be a big party tomorrow,” Mr Laizer, a father of more than 30 children, told the BBC.

Tanzanite is only found in northern Tanzania and is used to make ornaments.

It is one of the rarest gemstones on Earth, and one local geologist estimates its supply may be entirely depleted within the next 20 years.

The precious stone’s appeal lies in its variety of hues, including green, red, purple and blue.

Its value is determined by rarity – the finer the colour or clarity, the higher the price

Mr Laizer mined the stones, weighing 9.2kg and 5.8kg, last week, but he sold them on Wednesday during a trading event in the northern region of Manyara.

Until now the largest Tanzanite rock to be mined weighed 3.3kg.

President John Magufuli phoned in to congratulate Mr Laizer on the find.

“This is the benefit of small-scale miners and this proves that Tanzania is rich,” the president said.

Mr Magufuli came to power in 2015 promising to safeguard the nation’s interest in the mining sector and increase the government’s revenue from it.

What did the new millionaire say?

Mr Laizer, 52, who has four wives, said he would slaughter one of his cows to celebrate.

He also plans to invest in his community in Simanjiro district in Manyara.

“I want to build a shopping mall and a school. I want to build this school near my home. There are many poor people around here who can’t afford to take their children to school.”

“I am not educated but I like things run in a professional way. So I would like my children to run the business professionally.”

He said the windfall would not change his lifestyle, and that he planned to continue looking after his 2,000 cows. He said he did not need to take any extra precautions despite his new-found riches.

“There is enough security [here]. There won’t be any problem. I can even walk around at night without any problem.”

Some small-scale miners like Mr Laizer acquire government licences to prospect for Tanzanite, but illegal mining is prevalent especially near mines owned by big companies.

In 2017, President Magufuli ordered the military to build a 24km (14-mile) perimeter wall around the Merelani mining site in Manyara, believed to be the world’s only source of Tanzanite.

A year later, the government reported an increase in revenue in the mining sector and attributed the rise to the construction of the wall, the BBC’s Sammy Awami in Dar es Salaam reports.

Tags: millionaireMinerTanzanian

Related Posts

Wontumi Seeks Plea Deal in GH¢30m Exim Bank Fraud Trial as AG Notifies High Court
Featured

Wontumi Receives 20-Year Prison Term in Samreboi Illegal Mining Case

July 20, 2026
Mahama to Lead July 24 Ceremony Marking Fourteen Years Since Mills’ Death
General News

Mahama to Lead July 24 Ceremony Marking Fourteen Years Since Mills’ Death

July 16, 2026
COCOBOD Begins Nationwide Education on Free Fertiliser and Cocoa Reforms
Agribusiness

COCOBOD Begins Nationwide Education on Free Fertiliser and Cocoa Reforms

July 16, 2026
Police Arrest 54 in Kumasi Operations and Seize Suspected Narcotics
General News

Police Arrest 54 in Kumasi Operations and Seize Suspected Narcotics

July 16, 2026
High Court Ends Bid to Revoke Expired Travel Permission for Former NAFCO Chief
General News

High Court Ends Bid to Revoke Expired Travel Permission for Former NAFCO Chief

July 16, 2026
Bank of Ghana Warns Cash Spraying and Money Bouquets Breach Currency Laws
Banking

Bank of Ghana Warns Cash Spraying and Money Bouquets Breach Currency Laws

July 16, 2026
Next Post
Senegal President in quarantine after contact with Covid-19 case

Senegal President in quarantine after contact with Covid-19 case

© 2020 GHNewsOnline.

No Result
View All Result
  • Homepages
    • Home Page 1
    • Home Page 2
  • News
  • Politics
  • National
  • Business
  • World
  • Entertainment
  • Fashion
  • Food
  • Health
  • Lifestyle
  • Opinion
  • Science
  • Tech
  • Travel

© 2020 GHNewsOnline.