|Major Minerals: Gold, diamonds, nickel, cobalt, copper and base metal, gemstones (apatite,niobium, tanzanite), iron ore and coal|
Major Explorations: Petroleum and Gas/Coal
Tanzania’s mineral policy aims to attract, protect and facilitate the private sector in mineral exploration, mining and marketing.
|Economic reforms undertaken since mid 1980s have opened investments in the mining sector to both local and foreign. The outcome has been remarkable in terms of investment in the sector, with 82 mining licenses and over 1,500 prospecting licenses issued|
in the last five years.
|Tanzania has a wide variety of minerals including diamonds, gold, base metals, gemstones and industrial minerals. It is the continent’s second largest gold producer after South Africa. Mining is the fastest-growing sector in Tanzania in terms of its|
its share of exports.
The value of mineral exports increased from $14 million in 1996 to $711 million in 2005, underscoring the sector’s current position as one of the fastest growing sector guarantees investors security of tenure, repatriation of capital and profits and ensures a transparent regulatory and administrative system in the acquisition of mineral rights.
|The government’s ban on trading in and the export of raw and uncut gemstones is meant to set the stage for the growth of a lapidary industry in which the country could attract and develop the requisite skills, which are currently lacking. A number of international firms have already invested in the mining sector in Tanzania and attest to the enormous potential of the sector. AngloGold has invested in the Geita goldfields, while Barrick operates the Tulawaka and Bulyanhulu gold mines. De Beers of South Africa owns and operates the Williamson diamond mines.|
|Golden Pride (Resolute)||Nzega ||Gold|
|Geita Gold Mine||Geita ||Gold|
|Kahama Gold||Kahama ||Gold|
|North Mara Mine||Tarime ||Gold|
|Buhemba Gold Mine||Musoma ||Gold|
|Tulawaka Gold Mine||Biharamulo ||Gold|
|Williamson Diamonds||Shinyanga ||Diamond|
|Kabanga Nickel Project||Kabanga ||Nickel|
|Petroleum and Gas|
|Exploration and exploitation of all mineral resources|
in the country including coal and petroleum is the
responsibility of the Ministry of Energy and Minerals.
With petroleum exploration and development being
governed by the Petroleum (Exploration and
Production) Act 1981, the Energy and Water
Regulatory Authority (EWURA) is responsible for
regulating gas and petroleum transmission by
A total of 35 explorations and wells development
have been drilled, majority of them in the coastal
basin, a few at Songo Songo in the coastal basin and
2 in the interior Rift Valley – Rukwa Basin.
|Investment Opportunities Brochure Mining Sector|
|PDF File||940KB||12/04/2007|| |