4 Job Vacancies at State Mining Corporation (STAMICO) in Tanzania
4 Job Vacancies at State Mining Corporation (STAMICO)
State Mining Corporation (STAMICO), a wholly owned Government enterprise, is a under the Ministry of Minerals established by the Public Corporation Act cap 257 through State Mining Corporation Establishment Order No. 163 of 1972 as amended in 2014. The Corporation which became operational in 1973 was formed to perform functions stipulated under Section 4 of its Establishment Order, 1972. The major economy policy reforms in 1980’s through the Public Corporation Act of 1969 was over hauled, the Public Corporation Act of 1992 was then enacted which stripped away ownership of subsidiary companies from public ownership and STAMICO being a part, Section 48(1) of the Act stated the following:
“All the shares subscribed by the
government in any Public Corporation through another Corporation before
effective date, shall after the effective date be transferred to the
Treasury Register by the said former Holing Public Corporation and those
share shall vest in Treasury Register without any further assurance”.
Hence the subsidiary of STAMICO where privatized and liquidated in 1997,
where the Corporation was placed under the President Parastatal Sector
reform commission as a specific Public Corporation, however in 200 under
justice Mark Bomani Commission Report STAMICO was recommended to be
closed.
After a thorough consideration of the strength and
potential of the Nation Growth Economy through Mining Sector it was
again recommended to continue having STAMICO from 1990 to 2010 without
any direct or indirect fund from the Government. Hence, STAMICO
concentrate on high demanding of drilling activities and exploration
activities so that to generate its economy and income.
STAMICO
was re-established in 2015 through the Public Corporations
(Establishment) (Amendment) Order, 2015 with the aim of increasing the
contribution of the mineral sector to the national economy and creating
employment opportunities to Tanzanians.
4 Job Vacancies at State Mining Corporation (STAMICO) in Tanzania - January 2024 .
The Government owned Enterprise is looking to Hire 4 new qualified professionals, please read the details in full on the PDF file below :-
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