As someone deeply engaged in Tanzania’s mining sector, I couldn’t help but reflect on the Lobito Corridor railway project. This ambitious venture, linking Angola, the Democratic Republic of Congo (DRC), and Zambia to Angola’s Lobito port, has the potential to reshape regional trade in ways we can’t ignore. But while it’s being celebrated as a…
Helium One has made a significant breakthrough in Tanzania, uncovering an estimated 98.9 billion cubic feet (bcf) of helium reserves, positioning the country as a future player in the helium market. This discovery comes as global helium supplies continue to decline, affecting industries ranging from healthcare to aerospace. With helium essential for applications in medical…
In a rare glimpse into the future of Tanzanian industry, the government has announced plans to begin niobium production a venture that promises to elevate Tanzania’s global standing in critical mineral supply chains. Niobium, a mineral central to industries from aerospace to oil and gas, has always been rare and highly coveted, but Tanzania’s upcoming…
For decades, Tanzania’s mining sector has been synonymous with gold, accounting for the lion’s share of export revenues and attracting significant foreign investment. While the focus on gold mining has driven economic growth, it has overshadowed the country’s vast potential in other valuable metallic and strategic minerals. From copper to rare earth elements, Tanzania possesses…
Key Takeaways: MWANZA – Tanzania’s government has achieved a significant milestone in its benefit-sharing model for the extractive industry, as its free carried interest in Sotta Mining Corporation Limited (SMCL) has risen from 16% to 20%. This marks the first instance in which the government, through the Office of the Treasury Registrar (OTR), has successfully…
Tanga, Tanzania – October 10, 2024 – The Deputy Minister of Mines, Dr. Steven Kiruswa, today officially opened the general meeting for the election of new leaders for the Federation of Tanzanian Miners’ Associations (FEMATA). The event, held in Tanga, gathered miners from across the country to elect their new representatives in line with the…
Tanzania’s mining sector plays a crucial role in the economy. In the 2024/25 national budget, it was reported that the sector’s contribution to GDP grew from 7.3 percent in 2021 to 9.0 percent in 2023. By March 2024, the sector had created 19,356 jobs, with 97 percent going to Tanzanians. However, a significant challenge remains:…
Tanzania is sitting on a goldmine of opportunities—literally and figuratively. As the world shifts towards advanced technologies and sustainable energy, minerals that were once considered obscure are now in high demand. These are strategic and critical minerals, and they are shaping the future of industries globally. For Tanzania, a country rich in natural resources, this…
Tanzania’s recent decision requires gold dealers to reserve 20% of their exports for the Central Bank. This move marks a pivotal moment in how the nation manages its natural resources and economic stability. The directive aims to bolster the country’s foreign reserves amid pressures on the Tanzanian shilling. By leveraging its mineral wealth, the government…
Las Vegas, NV — Tanzania is deepening its cooperation with key U.S. institutions to accelerate the development of strategic and critical minerals. During a high-level meeting at the Las Vegas Mining Expo, both nations discussed initiatives aimed at enhancing Tanzania’s mineral sector. Key Developments from the Meeting 1. Advanced Training for Tanzanian ExpertsThe U.S., through…
