The Minister of Minerals, Anthony Mavunde, highlighted Tanzania’s plans to advance the mining sector and increase its contribution to the national economy.
Speaking on February 11 at a Tanzania Chamber of Mines (TCM) event in Cape Town, funded by Alistair, ALN, and NMB Bank, Minister Mavunde noted that the government intends to sign 13 major investment agreements.
These include a niobium mining and processing project valued at over TZS 1 trillion, which is expected to position Tanzania among the world’s top niobium producers, after Canada and Brazil.
The Minister emphasized that mining projects should contribute to community development and broader national prosperity.
He also called for stronger collaboration and in-depth research to raise the sector’s current 16% contribution to the economy.
Tanzanian Ambassador to South Africa, Botswana, and Lesotho, James Bwana, confirmed that Tanzania remains open to further foreign investment in the sector.
He also highlighted the role of the Mining Commission in participating in international forums like the Mining Indaba conference.
TCM Chairperson, Engineer Philbert Rweymamu, encouraged the government to streamline investment processes, strengthen local participation, and support the adoption of new mining technologies.
He also suggested regular meetings between the Ministry and TCM to discuss sector priorities and expedite project implementation.
The Tanzania Chamber of Mines includes large and medium mining companies, mining service providers, and women involved in adding value to minerals, reflecting the sector’s role in national economic growth.