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Tanzania’s mining sector has continued to gain international confidence, with global financial institutions, foreign investors and development partners expressing readiness to strengthen cooperation with the country to expand investment, value addition and economic returns from mineral resources.
During the ongoing Mining Indaba 2026 in Cape Town, Tanzania reaffirmed its position as one of Africa’s emerging mining investment destinations, attracting strong interest from international organisations, mining companies and diplomatic missions.
On February 10, 2026, the Minister for Minerals, Mr Anthony Mavunde, held high-level bilateral meetings on the sidelines of the forum, including talks with the World Bank, while also participating in the SADC Ministers of Mining meeting.
The World Bank commended Tanzania for the growing contribution of the mining sector to the national economy, noting that the industry has become an important catalyst for economic growth, investment inflows and job creation.
The institution identified Tanzania as a strategic investment hub in Africa and underscored the need for sustained collaboration with the government to further improve the investment environment and maximise the sector’s economic impact.
The Bank also expressed support for Tanzania’s strategy to intensify mineral exploration and geological research, as well as its policy of promoting domestic value addition rather than exporting raw minerals.
According to the World Bank, the approach is critical in strengthening industrial development and ensuring long-term benefits from the country’s mineral wealth.
Australia has also prioritised Tanzania as a key mining investment destination. In a meeting with the Tanzanian delegation, Australia’s Deputy High Commissioner, Mr Christopher Ellinger, said Australian companies view Tanzania as one of their preferred choices for mining investment in Africa.
He affirmed Australia’s willingness to collaborate with Tanzania through its mining firms and sought further clarification on local content regulations, particularly those relating to Tanzanian participation in mining services.
Mr Mavunde reiterated the government’s commitment to deepening cooperation in advanced geoscientific research to expand geological data availability and stimulate further investment.
He emphasised that increasing value addition within the country remains a central government priority, aimed at enhancing national benefits and reducing reliance on the export of unprocessed minerals.
The minister also highlighted progress in strategic mining projects, citing the Faru Graphite project in Mahenge, Ulanga District, Morogoro Region, as a potential milestone for the sector.
The project, being developed through a joint venture between the government and Black Rock Mining, is expected to focus on graphite production. Company representatives reported positive progress and commended the government for the cooperation that has facilitated implementation.
Reaffirming government policy, Mr Mavunde said the slogan “Minerals are Life and Wealth” reflects Tanzania’s focus on strengthening geological surveys and promoting domestic mineral value addition.
He stressed that the government remains open to working with all investors who contribute to the development of the sector, provided they comply with existing laws, regulations and guidelines.
In another engagement, South Africa-based Plantcor Mining, a company specialising in mining operations and equipment leasing, informed the minister that it is in the final stages of preparations to sign a joint venture agreement with the State Mining Corporation (STAMICO).
Upon completion of the agreement, the company plans to commence development of a gold mining project at Kigosi in Geita Region on a licence owned by STAMICO.
The engagements at Mining Indaba 2026 highlight Tanzania’s growing appeal among global investors and financial institutions, as the country positions its mining sector as a key driver of industrialisation, value addition and sustainable economic growth.