Barrick Gold (NYSE:ABX) (TSX:ABX), the largest gold mining company in the world, commented on the potential impact of the ongoing ban on mineral concentrate exports…
The minerals found in Tanzania include metallic minerals, industrial minerals and energy minerals.
Tanzania Metallic Minerals
The metallic minerals found in Tanzania include gold, iron, silver, copper, platinum, nickel and tin.
Tanzania gold reserves are estimated at about 45m ounces (oz). Gold exploration has been centered mostly on the greenstone belts around Lake Victoria, where several large deposits have already been discovered and are being developed.
Gold production in Tanzania stands at around 50t per year which makes it the 4th largest gold producer in Africa after South Africa, Ghana and Mali.
Iron reserves in Tanzania are located mainly in Liganga, Uluguru Mountains, Mbabala near Lake Tanganyika, Karema, Manyoro Gondite and Itewe.
The Liganga iron ore mine holds the biggest iron resources in Tanzania with proven reserves of 126m t.
The Tanzania China International Mineral Resources Ltd (TCIMRL) will invest USD1.8b at Liganga to establish an iron ore mine and iron and steel complex to produce 1m t per year of iron and steel products, vanadium pentoxide and titanium dioxide.
According to Minister Mwijage, the expected iron production will make Tanzania the third largest African producer of iron ore and generate 32,000 jobs.
Tanzania Industrial Minerals
Industrial minerals found in Tanzania include gemstones, soda ash, gypsum, salt, phosphate, gravel, sand, dimension stones and lately graphite.
Tanzania produces a variety of gemstones including diamonds, tanzanite, amethyst, aquamarine, garnet, ruby, sapphire, tanzanite and tourmaline.
Diamonds in Tanzania are found mainly in the Williamson diamond mine, which is located south of the town Mwanza, while tanzanite is found at only one location in the world, the Mererani Hills of Manyara Region in Northern Tanzania.
Tanzania’s largest graphite deposits are located in the central and east southern regions of the country. At the end of 2015, the Tanzanian Ministry of Energy and Minerals (MEM) announced that Tanzania will soon become one of the largest producers of graphite in the world, due to recent and abundant discoveries of graphite fields across the country.
Graphite discoveries in Tanzania come mainly from Magnis Resources Limited (ASX:MNS), Mozambi Resources (ASX:MOZ) and Kibaran Resources Limited (ASX:KNL).
Tanzania Energy Minerals
Energy Minerals found in Tanzania include coal and uranium.
Coal reserves in Tanzania are estimated at 1.9b t, 25% of which are proven, according to the Tanzania Minerals Audit Agency (TMAA).
Production of bituminous coal in Tanzania rose significantly during 2010–2013, from 179t to 128,920t.
Coal in Tanzania is currently exploited in small scale at Kiwira Coal Mine in Mbeya Region and Tancoal Energy Limited Mine at Ngaka in Ruvuma Region.
Tanzania has huge deposits of uranium mainly in Namtumbo (Mkuju), Bahi, Galapo, Minjingu, Mbulu, Simanjiro, Lake Natron, Manyoni, Songea, Tunduru, Madaba and Nachingwea.
One of the major uranium development projects is the Mkuju River Project, currently under preparatory operations. The project’s operator is Russia’s Uranium One Inc.
Tanzanian gold producer Acacia Mining (LSE:ACA) issued an update with respect to the findings of the Presidential Committee’s investigation into the export of gold and copper…
The Government of Tanzania has released yesterday the report of the Presidential Committee’s investigation into the contents of gold, copper and other minerals in the…
Tax Justice Network Africa (TINA) has recently released a report on the implementation of the Africa Mining Vision in Tanzania titled “Where is the Money?…
The President of Tanzania Hon. Dr. John Magufuli on 10th April 2017 has appointed the members of the second special committee that will investigate the amount…
The President of Tanzania Hon. Dr. John Magufuli on 1st April 2017 swore in the members of a special committee to examine the extent and type…
The Tanzania Chamber of Minerals and Energy (TCME) issued a statement on 16th March 19, 2017 to clarify its position on the recently introduced ban…
The Ministry of Energy and Minerals of Tanzania issued a ban on the export of mineral concentrates and ores for metallic minerals such as gold,…
Tanzania’s mining sector grew at a rate of 19.9% in Q3 2016 reaching TZS440b at constant prices, compared to TZS367b in Q3 2015 and a…
In partnership with the Appian Natural Resources Fund LP, the International Finance Corporation (IFC), a member of the World Bank Group, has proposed a USD…