The World Gold Council (WGC) has expressed its readiness to collaborate with Tanzania in a major drive to boost gold investment and develop the country’s mineral sector.
The announcement came during a high-level meeting between the Government of Tanzania and WGC, alongside GGR Gold Refinery, managed by Ms. Sarah Masasi.
The meeting, chaired by Prof. Kitila Mkumbo, Minister of State in the President’s Office for Planning and Investment, brought together ministers and industry experts to discuss strategies for promoting investment and adding value to Tanzania’s mineral resources.
Prof. Kitila thanked WGC for their willingness to work with Tanzania and encouraged increased investor participation in the country’s mineral value chain.
Speaking at the meeting, WGC Chief Executive David Tait highlighted the council’s commitment to supporting small-scale miners.
“Tanzania has made impressive progress in engaging small-scale miners, and WGC is ready to assist in capacity building, enhancing the gold production chain, and providing secure market access in line with Council regulations,” he said.
Mr. Tait also expressed support for the government’s mineral research initiatives, pledging WGC’s collaboration in launching a satellite to expand and deepen mineral exploration. This, he said, will improve guidance for miners across the country.
Minister of Minerals Anthony Mavunde said empowering small-scale miners would bring significant economic benefits, noting that their contribution to the mining sector and the broader economy has grown steadily.
Meanwhile, Minister of Youth Development Joel Nanauka and Minister of Community Development, Gender, Women and Special Groups Dr. Doroth Gwajima highlighted the government’s program to empower women and youth in gold mining.
They emphasized that the initiative will enhance employment opportunities, support economic growth, and strengthen inclusivity within the sector.
The meeting underscores Tanzania’s commitment to fostering a conducive investment environment, enhancing the value of its mineral resources, and promoting sustainable growth in the gold sector.