Investing in Tanzania Mining Properties
Tanzania’s open door policy has added it to the list of countries that earn improved treatment by international insurance agencies. Mining is one of Tanzania's fastest growing sectors. It makes up at least half of the countries foreign exchange earnings each year. These measures have all assisted in attracting exploration capital to the country.
Here’s What Tanzania Offers Investors
- Over 800,000 kilometers of varied geological terrains with potential mineral resources.
- Ongoing exploration work resulting in discovery of resources in excess of 45 million ounces of gold, 1.5 million tones of nickel and 50 million carats of tanzanite.
- An Archaean shield environment with a number of classical Canadian and Australian type greenstone gold lode deposits, many capped by tropically weathered enrichment zones.
- An extensive Proterozoic terrain containing lode and near surface gold deposit types, now attracting exploration attention in South America, West Africa and elsewhere.
- Potential for epithermal gold deposits in the faulted younger rocks on the coastal plain.
- A world-class diamondiferous kimberlite at Mwadui and more than 200 other kimberlites, many of which are yet to be thoroughly evaluated.
- Scores of occurrences of high value coloured gemstones, such as emerald, ruby, tsavorite, sapphire, tanzanite, and alexandrite.
- A wealth of other opportunities in minerals, including coal, iron, tin, graphite, evaporates, kaolin, limestones, dimension stones, phosphates and gypsum.
- Recent history of production decisions by well-financed, international companies.
- Ample inventory of unexplored mineral ground.
- A comprehensive, systematically archived data base on geoscientific information and mineral resources.
- Minimal competition at present from large multinational mining firms.
- Globally competitive tax and regulatory regime for mining investors.
- Accelerated and simplified handling of investment proposals.
- Technical staff trained in various disciplines associated with mining.
- An abundant supply of labour.
- A peaceful working environment free of confrontations, ethnic strife and labour disputes.
- Well-established supporting services.
SPEECH BY H.E. JAKAYA MRISHO KIKWETE, PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA, AT THE INVESTING IN AFRICAN MINING INDABA XII, CAPE TOWN, SOUTH AFRICA
February 6, 2007
“I will not be bragging in saying that my country, Tanzania, contributes a sizeable share of Africa's mineral wealth. Tanzania is richly endowed with minerals of all kinds. Almost every mineral known to exist in the earth's crust can be found in Tanzania, and some exist in large quantities. Tanzania offers a stable political environment with sound legal and fiscal policies. In terms of potential, the following is what we have to offer: Excess of 45 million ounces of gold, 1.5 million tonnes of nickel and 50 million carats of tanzanite..." Details...
US Department of State
Monday, October 30, 2006
Tanzania has risen to Africa's third largest gold producer in less than a decade, and now this East African country's government wants to earn more from its privately controlled mining sector. Mining companies say Tanzania achieved its status in record time because of investor-friendly policies after decades of state control and small-scale mining. Companies—which mine gold, diamonds and other gems, nickel and other metals—pay royalties but no corporate taxes until they have recouped their initial investment.
(See Canadian Press: Tanzania Africa's third largest gold producer; government wants larger share)
Tanzania gives investors key concessions
“Tanzania yesterday rolled out the red carpet for investors, with President Jakaya Kikwete unveiling a raft of sweeteners for foreign capital”. Details...
“The formulation of the Mineral Policy in 1997 and enactment of a new Mining Act of 1998, which repealed the Mining Act of 1979, had remarkable impact on increase in investments in the sector.” Details...
Adding further confidence to the political stability are the country’s policies that emphasize the importance of the private sector. Foreign and local investors including investors in mining are protected against nationalization.
