The Latest

Tanzania First Uranium Mining License issued to Russia

April 12, 2013
1 minute read

Under its new Mining Legislation Tanzania issued its first Uranium Mining License for the Mkuju River Project that will be operated under Russian uranium mining company, AtomRedMetZoloto (ARMZ).

The mining license was officially presented by Tanzania Ministry of Energy and Minerals to Mantra Tanzania, a subsidiary of ARMZ, after 2 years of negotiations with the Russian mining giant and represents a new era for uranium mining in Tanzania.

Vadim Zhivov, Uranium One President said the license was a “real breakthrough” and the beginning of plant construction as an “important event”.

Tanzania Investment Guide 2026 Free Edition

For being the first major mining development in South Eastern Tanzania the revenue is estimated on generated FDI inflows worth 450 million USD, the creation of more than 1,500 jobs and a 250 million USD foreign currency receipt annually.

Uranium Mining in Tanzania is expected to generate significant indirect and direct FDI cash flows during the life span of the new mining exploration.

Want to know more about Mining in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Mining, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
Tanzania Fitch Ratings
Read More

Fitch Revises Tanzania Outlook to Positive, Affirms ‘B+’ Rating, Forecasts GDP Growth of 5.8% in 2026 Driven by Tourism and Mining

Fitch Ratings revised Tanzania's outlook to positive from stable while affirming the sovereign rating at 'B+', citing strengthening reserves and a gradual decline in government debt, warning, however, that the credit rating remains constrained by weak governance and low government revenue. The agency forecasts real GDP growth of 5.8% in 2026 and an average of 6.1% in 2027 and 2028, driven by public investment, tourism, the country's role as a regional logistics hub, and expansion in the mining sector.
Tanzania Samia Suluhu Hassan DRC Felix Tshisekedi
Read More

DRC to Build Dry Port in Dar es Salaam, Deepen Transport and Mining Ties with Tanzania

The Democratic Republic of the Congo (DRC) has begun preparations to build a dry port in Dar es Salaam that will provide customs, cargo handling, mineral certification, and quality control services for Congolese goods moving through Tanzania, President Félix Tshisekedi announced during a state visit to Tanzania on 18 August 2026. The DRC is among the largest users of Tanzanian ports, with approximately 7.2 million tonnes of cargo handled in 2023, as the two countries agreed to accelerate transport, trade, and mining cooperation along the Central Corridor.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free