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Tanzania’s mining industry has experienced a boom in both mineral exploration and mining, activities during the past ten years. Notable developments during the boom period include the

commissioning of six large-scale gold mines at Nzega, Geita, Bulyanhulu, North Mara,
Buhemba, and Tulawaka.

The annual gold production increased from less than one tonne per annum in 1998 to about 50 tonnes in 2008, making the mining industry the second fastest growing sector after tourism and increasing its contribution to the GDP from 2.0% in 1998 to 3.5% in 2005 (based on 1991 prices).

Furthermore, the cumulative total direct foreign investment (FDI) in the mining industry in the past ten years exceeded US$ 2.5 billion and employed around 1% of wage earners.

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Tanzania increases royalties in new mining law
Sat Apr 24, 2010 1:19pm GMT

DAR ES SALAAM (Reuters) - Tanzania's parliament has passed a new mining law that increases the rate of royalty paid on minerals like gold from 3 percent to 4 percent and requires the government to own a stake in future mining projects.. more here

Uranex appoints MDM for Heap Leach PFS in Tanzania

Government to Set Up Mineral Processing Plant


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[HQ-P20949]
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11   Manda
[PL 5395/2008]
JV
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