Tanzania

In a move that could reshape the East African economic landscape, Tanzania is throwing down the gauntlet with a radical overhaul of its mining sector. Far from dusty policy papers, the Ministry of Minerals has unveiled a dynamic strategy, backed by legislative muscle and cutting-edge digital tools, aimed squarely at …

Tanzania’s glittering mining sector, a long-standing pillar of its economy, is under the microscope following a damning new report by Global Financial Integrity (GFI). The report, “Illicit Financial Flows Risks Related to Beneficial Ownership in the Mining Sector in Tanzania,” paints a stark picture of how shadowy dealings and regulatory …

The dusty plains of northwest Tanzania are set to reverberate with the powerful hum of cutting-edge Finnish engineering, as mining giant Metso Corporation bags a colossal order exceeding €20 million to equip Sotta Mining’s burgeoning Nyanzaga gold project. The deal, announced yesterday, will see Metso deliver energy-efficient comminution equipment, including …

Buckle up, Tanzania! Australian gold mining giant Perseus Mining has just thrown down a cool $523 million (that’s a staggering 817 million Aussie dollars!) to unearth the glittering riches of the Nyanzaga Gold Project (NGP). This ambitious venture, set in the heart of Tanzania, promises to be the country’s first …

Tanzania has ignited a new era for its mining sector with the inauguration of its first-ever explosives manufacturing plant. Minerals Minister Anthony Mavunde presided over the launch of Solar Nitrochemicals Limited in the Kisarawe district, a move hailed as a significant step towards value addition and bolstering industries that serve …

Seoul, South Korea: In a strategic move to secure vital resources for future industries, Tanzania and South Korea are deepening their collaboration on critical minerals, setting their sights on diversifying global supply chains and reducing reliance on dominant players. Experts from both nations convened in Seoul for the Tanzania-South Korea …

The Tanzanian government has issued a firm directive to all holders of large and medium-scale mining licenses: begin implementation immediately. This decisive move is aimed at injecting fresh momentum into the nation’s mining sector, a critical driver of economic growth. Minister for Minerals, Anthony Mavunde, delivered this message during a …

Tanzania is rapidly emerging as a key player in the global lithium market, capitalizing on strategic government initiatives and a surge of interest from international mining companies. A bold 2023 ban on raw lithium exports, designed to spur local processing and value addition, is proving to be a catalyst for …

Barrick Gold Corporation has underscored its significant contribution to the Tanzanian economy, revealing that it injected over US$888 million into the country in 2024 alone. Since forming Twiga, its joint venture with the Tanzanian government in 2019, Barrick has contributed a total of over US$4.24 billion. These figures were highlighted …

Montero Mining and Exploration has reached a settlement agreement with the Tanzanian government, ending a long-running dispute over the expropriation of its Wigu Hill rare earth element project. The company, which had initially sought damages of C$90 million through international arbitration proceedings, will receive $27 million in three installments. This …