Boosting Small-Scale Mining Through Public-Private Partnerships Tanzania’s mining sector received a major boost as President Samia Suluhu Hassan inaugurated the new Gemstone and Gold Market in Tunduru, Ruvuma. This marks the country’s 43rd mineral market, signaling the government’s ongoing commitment to supporting small-scale miners. Built through a Public-Private Partnership (PPP) between the Tunduru District Council…
As the world shifts towards greener technologies and digitalization, Tanzania is strategically leveraging its rich critical mineral resources for sustainable economic growth and strengthening its global supply chain role. At the MINExpo International 2024 in Las Vegas, Deputy Minister for Minerals, Dr. Steven Kiruswa, outlined the government’s latest initiatives aimed at developing critical minerals such…
Las Vegas, Nevada – Speaking at MinExpo2024 in Las Vegas, Dr. Steven Kiruswa, Tanzania’s Deputy Minister of Minerals, reiterated the country’s commitment to a multi-nation approach in the development of its strategic mineral resources. He emphasized that Tanzania does not play favorites when it comes to international partnerships, welcoming investment from companies around the world…
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 is set to transform its mineral resource landscape with the construction of the Kabanga Nickel refinery, marking a strategic shift from exporting raw materials to producing value-added products. This initiative is anticipated to significantly boost the country’s economic growth and improve its trade balance. Job Creation and Regional Development Dr. Sylvester Jotta, a lecturer…
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…
Helium One has reported substantial progress in its helium exploration project in southern Tanzania, specifically within the Rukwa region. The company has officially submitted a Mining Licence (ML) application for its helium project, which spans areas in Itumbula, Tai, and other southern prospects, marking a significant advancement toward commercial production. The application is backed by…
Thanks to recent developments and strategic interventions by the Ministry of Minerals, the Ruvuma region is emerging as a focal point for Tanzania’s mining sector. With top government officials like Minister Anthony Mavunde and Deputy Minister Dr. Steven Kiruswa visiting key mining sites in September 2024, Ruvuma’s trajectory towards becoming a significant contributor to the…
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 funding comes from a collaboration with the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation (IDC), and CRDB Bank of Tanzania. The agreement, signed on 13th September 2024 in Johannesburg, aims to facilitate the development of the Mahenge Project, which is set to begin production in 2026. The financing comprises several components, including a…
