On July 28, 2024, the Minister of Minerals of Tanzania, Hon. Anthony Peter Mavunde, addressed the press in…
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Tanzania’s Mining Sector Collects TZS 753.82 Billion in 2023/2024; Targets Nearly TZS 1 Trillion in 2024/2025; New Regulations Reserve Primary Mining Licenses for Tanzanian
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Field Exploration Commences for Shallow Onshore Helium Gas in Tanzania’s Western Rukwa Region
On 8th August 2024, Noble Helium Limited (ASX:NHE) announced the commencement of a key field exploration phase aimed…
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Epanko Graphite Project Completes Processing Plant Design and Secures Key Debt Financing
EcoGraf Limited has announced two significant advancements for the Epanko Graphite Project in Tanzania: the completion of the…
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Tanzania Partners with South Korea to Construct a TZS 27 Billion Mineral Research Laboratory
On 20th August 2024, The University of Dar es Salaam (UDSM) signed a Memorandum of Understanding with Yulho,…
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Peak Rare Earths Raises $6 Million for Ngualla Rare Earth Project Development
Peak Rare Earths raised $6M to advance the Ngualla Project in Tanzania. Major shareholder Shenghe aims to increase its stake, with a Shareholder Purchase Plan to raise an additional $2M.
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Tanzania’s Mining Tax Revenue Soars 20.7% in 2023/2024
Tanzania’s mining sector tax revenue surged by 20.7%, reaching TZS 753.82 billion in 2023/2024, up from TZS 624.61 billion in 2021/2022. The government is on track to meet its ambitious target of TZS 1 trillion in the next fiscal year.
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Significant Helium Discovery in Tanzania’s North Rukwa Project’s Kinambo Area
Noble Helium reported samplings of helium concentrations in Tanzania's North Rukwa Project. Gas samples from the Kinambo area showed elevated helium levels, increasing confidence in the region's potential. The company plans to fast-track drilling based on these promising results.
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Tanzania to Become Africa’s Largest Iron Ore Producer: Latest Updates on Liganga and Mchuchuma Projects
Tanzania is set to become Africa's largest iron producer with the development of the Liganga and Mchuchuma projects. Expected to produce 219 million tons of iron ore, 175,400 tons of titanium, and 5,000 tons of vanadium annually, these projects mark a major step in Tanzania's industrialization efforts.
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Tanzania Cuts Drilling Rig Fees for Small-Scale Miners and Initiates a Processing Plant Project Project at Buzwagi Mine
Small-scale miners in Tanzania will pay TZS 10 million for drilling rigs, reduced from TZS 25 million. Ten new rigs will be delivered by November 2024. The government is investing US$ 500 million in a 1,331-hectare processing plant at Buzwagi mine.
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Tanzania to Increase Availability of Geological Data Reducing Investment Risks in Mining
Tanzania's Mining Vision 2030 aims to de-risk the mining sector by expanding geological data access, attracting foreign investment, and promoting sustainable development. STAMICO outlined the strategy's goals at the Africa Critical Minerals Summit, emphasizing Tanzania’s unique mineral wealth, including rare gemstones like Tanzanite.
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Tanzania Emerges as a Global Leader in Critical Minerals: Ranked 3rd in Africa, 6th Worldwide; Mineral Exploration Target Set to Reach 50% by 2030
Tanzania has emerged as a global leader in critical minerals, ranking 3rd in Africa and 6th worldwide. With a focus on sustainable mining and the implementation of its Vision 2030 strategy, the country plans to increase mineral exploration coverage to 50% by 2030, driving investments and regional collaboration.
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Tanzania’s Mining Commission Issued 54,626 Mining Licenses in 2018-2024
The Tanzania Mining Commission issued 54,626 licenses between 2018 and 2024, supporting small-scale miners with designated areas, financial access, and improved systems.
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Tanzania Has Potential to Become Key Supplier of Low-Cost Lithium Iron Phosphate (LFP) Batteries and Generate US$ 10–15 billion in Revenues Annually
Tanzania, with its rich mineral resources, has the potential to become a key supplier of low-cost lithium iron phosphate (LFP) batteries by 2030. If realized, this opportunity could generate annual revenues of US$ 10–15 billion and create approximately 22,000–25,000 jobs by 2030, rivaling global manufacturers like China, Indonesia, Europe, and the US.
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Tanzania Mining Investment Conference 2024 Highlights: Reaffirm Small-Scale Miners Support; Call for Investment in Graphite, Nickel, Cobalt
The Tanzania Mining Investment Conference 2024 showcased Tanzania's commitment to empowering small-scale miners, fostering investment, and enhancing mineral value addition through policy reforms, infrastructure upgrades, and skills development
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Minister Mavunde Invites Finnish Investors to Explore Opportunities in Mining
Tanzania invites Finnish investors to explore its mining sector, highlighting rich resources and strong economic ties. Finland pledges support in mineral research and collaboration.
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Tanzania State-Owned Gold Mining Enterprise Finalizing Discussions To List at Dar Es Salaam Stock Exchange (DSE)
Tanzania is preparing to list STAMIGOLD on the Dar es Salaam Stock Exchange (DSE), allowing citizens to invest in the mining sector. This follows the sector’s growth, contributing US$ 3.1 billion in exports and TZS 2.1 trillion in tax revenue.
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Tanzania Mining Investment Conference 2024 Highlights: Emphasis on Small Scale Miners, Value Addition, and ESG Principles
The Tanzania Mining Investment Conference 2024 showcased Tanzania's commitment to empowering small-scale miners, promoting Environmental, Social, and Governance (ESG) principles and mineral value addition.
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