Tanzania planning to nationalise diamonds valued at US$29.5m

Dar Ees Salaam

TANZANIA said on Saturday that it planned to nationalise diamonds whose value it put at US$29.5 million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-declaring its mineral exports.

The diamonds were seized at the main airport in Tanzania's commercial capital Dar es Salaam on Aug 31 as they were being exported by Williamson Diamonds Ltd to Antwerp, Belgium.