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Mining Sector - Investment Opportunities in Tanzania

IBM November 04, 2021
Mining has placed Tanzania in the higher ranks of African economies in terms of attracting FDIs. Tanzania is endowed with a variety of industrial minerals and precious metals as well as gemstones. These include iron ore, soda ash, coal, clay soil, uranium, gold, diamond and tanzanite.

Mining has placed Tanzania in the higher ranks of African economies in terms of attracting FDIs. Tanzania is endowed with a variety of industrial minerals and precious metals as well as gemstones. These include iron ore, soda ash, coal, clay soil, uranium, gold, diamond and tanzanite.

  •     Processing of precious metals and gemstones.
  •     Establishing a caustic soda refinery plant in Engaruka
  •     Production of iron ore and steel in Liganga;
  •     Processing of nickel in Kabanga; and
  •     Extracting Uranium in Mkuju.
  •     Investment in minerals smelters
Minerals export accounted for USD 1.37bn of the total value of Tanzania’s export in 2015 (i.e. 24%) with gold representing more than 90% of minerals export.
  • Tanzania is endowed with a variety of industrial minerals and precious metals as well as gemstones.
  • The minerals include iron ore, soda ash, coal, clay soil, uranium and gold.
  •  Tanzania has a variety of gemstones, including aquamarine, garnet, ruby, sapphire, tourmaline and Tanzanite
 Most of these resources are being exported in their raw form without being processed; thus denying the country jobs.