In a bold move to secure critical mineral supplies essential for the global tech industry, a coalition of 14 Western governments, alongside the European Commission, has announced a new financing network aimed at curbing China’s dominance in the sector. This initiative, spearheaded by the Minerals Security Partnership (MSP), seeks to provide alternative avenues of support…
Tanzania’s mineral markets, established in 2019, have undeniably transformed the mining sector. As part of a broader reform to enhance transparency and curb illegal trade, these markets have proven to be a lifeline for small-scale miners and a crucial revenue source for the government. Despite ongoing challenges, the benefits outweigh the drawbacks, and the system’s…
CRDB Bank’s recent role in securing $179 million for the Mahenge Graphite Project marks a significant milestone, not just for the bank, but for the entire Tanzanian mining sector. This financing agreement, which includes the Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC), redefines the landscape of mining finance in Tanzania…
The recent call by Minister of Minerals Hon. Anthony Mavunde for coal companies to invest in domestic power generation highlights an important issue: is coal truly the future of Tanzania’s energy, or are we missing an opportunity to build a more sustainable and forward-looking energy strategy? While coal has played a significant role in boosting…
Tanzania’s mining industry has become a vital pillar of the country’s economy, driven by foreign direct investment (FDI), government policies, and strategic reforms. With rich deposits of gold, diamonds, and rare minerals, Tanzania has attracted global attention, rapidly transforming the sector. However, while significant strides have been made, challenges remain, particularly in balancing foreign investment…
On September 4th, 2024, a pivotal agreement was signed during the 2024 Forum on China-Africa Cooperation (FOCAC) in Beijing. Tanzania, Zambia, and China inked a Memorandum of Understanding (MoU) to revitalize the Tanzania-Zambia Railway (TAZARA), a key bi-national railway linking Zambia’s Copperbelt to Tanzania’s Dar es Salaam seaport. This revitalization, backed by China’s USD 1…
To enhance the efficiency and effectiveness of the Mining Licensing and Management System, the Mining Commission of Tanzania has issued a directive to all mining license holders—whether companies, groups, or individuals—to update their records. This initiative is aimed at strengthening the management of the sector by ensuring that the system is both accurate and current…
The mining industry in Tanzania is evolving, and the next wave of leaders will be critical in shaping its future. Recognizing the need to develop these future leaders, the Tanzania Women in Mining and Mineral Industry (TWIMMI) has launched the Extractive Excellence Mentorship (EEM) program, a groundbreaking initiative aimed at equipping Tanzanian youths under the…
Tanzania’s mining sector, particularly the small and medium-scale operations, is a vital component of the country’s economy. Despite this, many miners still face significant challenges in accessing capital to grow and modernize their operations. The question arises: why aren’t more miners turning to the Dar es Salaam Stock Exchange (DSE) to raise the much-needed capital?…
As Tanzania continues to position itself as a leading player in the global mining industry, one of the most critical challenges—and opportunities—lies in developing a skilled workforce capable of operating advanced manufacturing and processing facilities. The future of Tanzania’s mining sector does not rest solely on the abundance of its mineral resources but also on…
