Dar es Salaam – Tanzania is poised to become a key player in the global supply chain of critical minerals, as the country seeks to leverage its abundant natural resources to fuel the global transition to a low-carbon economy. The upcoming Tanzania Mining and Investment Conference 2024 will highlight the government’s commitment to unlocking the full potential of these vital commodities.
Critical minerals, such as graphite, are essential components in the production of batteries for electric vehicles and renewable energy storage systems. As the world accelerates its efforts to reduce greenhouse gas emissions and mitigate climate change, the demand for these minerals is expected to soar.
Minister for Minerals, Antony Mavunde, emphasized the government’s dedication to adding value to these minerals within the country. By processing and refining these resources domestically, Tanzania can create jobs, stimulate economic growth, and generate significant revenue.
“We are determined to realize the full potential of our critical minerals,” Mavunde stated. “By prioritizing value addition, we can ensure that Tanzania benefits from the entire mining value chain.”
The upcoming mining conference, scheduled to take place from November 19 to 21, 2024, will bring together industry leaders, government officials, and international experts to discuss the latest trends and opportunities in the mining sector. The event will feature keynote addresses from President Samia Suluhu Hassan and Zanzibar President Hussein Mwinyi, as well as a Mineral Night Gala to recognize outstanding contributions to the industry.
With a diverse range of mineral resources, including gold, diamonds, and gemstones, Tanzania is well-positioned to become a major supplier of critical minerals to the global market. By embracing sustainable mining practices and investing in infrastructure and technology, the country can unlock its full potential and contribute to a more sustainable future.