Tanzania’s mining sector contributed about 10% of the gross domestic product (GDP), generating nearly 60% of the country’s foreign exchange in 2023, a senior government official has said.
At a mining conference in Cape Town, minerals secretary Kheri Mahimbali claimed that new investments worth $2 billion that the nation received from international mining companies were the driving force behind this.
“Planned additional commitments will exceed over $1 billion in the next two to three years, covering critical and rare earth minerals such as graphite, lithium, nickel, neodymium, etcetera, as Tanzania embarks on the beneficiation of its mineral deposits.”
Tanzania is endowed with mineral resources ranging from critical minerals to rare earth, precious metals, energy, and industrial minerals.
Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished
