Tanzania

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 …

Uganda’s extractive sector is poised for a period of significant growth and transformation in 2025, driven by a confluence of factors, including the imminent commencement of oil production and a surge in demand for critical minerals. The long-awaited launch of commercial oil production, facilitated by the East African Crude Oil …

Tanzania is actively courting Belarusian investors to capitalize on its burgeoning mining sector, with a focus on modernizing small-scale mining operations and processing raw minerals domestically. Speaking during a recent meeting with Belarusian Ambassador Pavel Vziatkin, Minister for Mining Anthony Mavunde highlighted the country’s rich mineral endowment, encompassing a diverse …

Menzies Aviation, the global leader in aviation services, has officially opened its state-of-the-art cargo facility at Maputo International Airport (MPM). This strategic move expands Menzies’ footprint in East Africa, positioning the company to capitalize on the region’s growing air cargo market. The new facility, equipped with cutting-edge technology and high-end …