East African Mining News Unearthing Mining Opportunities in East Africa
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Tanzania is aggressively repositioning the State Mining Corporation (STAMICO) as a formidable commercial entity, signalling a strategic shift toward direct state participation in large-scale mining operations.
This move, unveiled during a parliamentary session on January 16, 2026, aims to elevate the corporation from a regulatory and supportive body to an active industrial operator capable of competing alongside global titans such as Barrick Gold and AngloGold Ashanti.
The transformation is underpinned by a significant capital injection into heavy-duty infrastructure, with STAMICO recently acquiring advanced mining machinery designed for high-capacity extraction and processing.
This equipment surge is part of a broader “Vision 2030” initiative aimed at ensuring the nation retains a larger share of the mineral value chain, particularly as global demand for critical and strategic minerals intensifies.
Minister for Minerals, Hon. Anthony Mavunde, informed the Parliamentary Standing Committee on Energy and Minerals that the government’s commitment to STAMICO is rooted in the pursuit of sovereign economic benefits.
“Government is building STAMICO to become a major player in mining in order to enhance productivity across the entire mineral value chain and ensure Tanzanians benefit more from their natural resources,” Mavunde stated, emphasizing that the era of the state as a passive bystander in large-scale extraction is coming to a close.
Financial indicators suggest the sector is already operating with high momentum, providing a solid fiscal floor for STAMICO’s expansion. The Mining Commission reported that revenue collections for the 2024/25 fiscal year reached 108% of the TZS 1 trillion target.
Furthermore, the trajectory for the 2025/26 cycle remains robust, with 56% of the TZS 1.2 trillion goal already secured by December 2025, reflecting heightened efficiency in mineral administration and tax compliance.
Managing Director Dr. Venance Mwasse noted that deliberate institutional reforms have optimized the corporation’s investment readiness, allowing it to move beyond its traditional focus on artisanal and small-scale support.
With the full backing of the Energy and Minerals Committee, chaired by Hon. Subira Mgalu, STAMICO is now poised to lead joint ventures and solo projects that prioritize local content, technology transfer, and industrial value addition within Tanzania’s borders.
