The Latest

Nyanzaga Gold Mine Project Gets Special License

December 16, 2021
1 minute read
Nyanzaga gold mine project

Development and exploration company OreCorp (ASX: ORR) has been granted a Special Mining Licence (SML) for the Nyanzaga Gold Project in Northwest Tanzania.

SMLs are granted for large-scale mining operations in which capital investment exceeds USD 100 million. They grant exclusive rights to the holder to conduct operations in the mining area for the minerals specified in the license.

The SML will be issued to the new joint venture company, named Sotta Mining Corporation Limited (Sotta), of which OreCorp holds an 84% interest through its subsidiary, Nyanzaga Mining Company Limited.

Tanzania Investment Guide 2026 Free Edition

The Treasury Registrar holds the Government of Tanzania’s 16% free carried interest in accordance with The Mining Act [CAP. 123 R.E. 2019].

The SML will be issued directly to Sotta for an initial term of 15 years.

Nyanzaga Gold Project

Nyanzaga is a gold development project with a very large gold resource of 3.07 million ounces at a high grade of 4.03g/t gold.

Extensive drilling (2,665 drill holes for 276,911m of drilling) has defined this large resource and there is substantial potential for extensions of known mineralization both at depth and regionally.

The Project area is covered by 22 Prospecting licenses and applications covering a combined area of 210km2 in northwest Tanzania.

TanzaniaInvest Capital Markets Report Banner

The Project is situated in  Archaean greenstones of the Lake Victoria Goldfields, approximately 60km southwest of the city of Mwanza and 60km east of the Geita Gold Mine (AngloGold Ashanti) and 30km northeast of the Bulyanhulu Gold Mine (Barrick Gold).

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
EU-Tanzania Roadshow 2026 APM Terminals at Maasvlakte Rotterdam
Read More

EU–Tanzania Roadshow Ends With Rotterdam and Antwerp Port Visits as Tanzania Pitches Port, Rail and Logistics Opportunities to European Companies

The EU-Tanzania roadshow ended in Antwerp on 6 October 2026 after port visits in Rotterdam, with Tanzania's port and rail authorities pitching openings for terminal operators, EPC contractors, private rail operators and digital rolling stock tracking, while rail operator Vecturis, minerals logistics group Polytra, heavy lifting company Sarens and marine data company GEOxyz outlined their plans in Tanzania. The EU said it will join the World Bank and the EIB, which has a formal financing request, in supporting the Dar es Salaam port expansion, and offered Global Gateway guarantees, equity and feasibility funding for company projects screened by member states.
EU-Tanzania Roadshow 2026 The Hague day 1 opening Mkumbo
Read More

EU–Tanzania Roadshow Reaches The Hague With Coffee, Cashew, Critical Minerals, and Port Investment Pitches

The EU-Tanzania roadshow reached The Hague on 5 October 2026 for its final leg, where Tanzania pitched coffee and cashew processing, wheat and edible oils, critical minerals, the new Bagamoyo and Mwambani ports on the mainland, Zanzibar's Mangapwani port hub, four dry ports, and two new lines of the standard gauge railway network to around 90 businesses. Agriculture emerged as the priority sector for European and Dutch investors, with the best opportunities in food production and value addition, backed by Dutch expertise as the world's second-largest agricultural exporter.
EU-Tanzania Roadshow 2026-2027 Helsinki day 2 critical minerals visit
Read More

Tanzanian Delegation Visits EU’s Only Nickel Smelter, Metso Research Center, and Nokia on Day Two of EU-Tanzania Roadshow in Finland

On 29 September 2026, the second day of the EU-Tanzania roadshow in Finland, the Tanzanian delegation visited Metso's Pori Research Center, where around 180 experts work on mineral processing, hydrometallurgy, battery materials, and smelting, and Boliden's Harjavalta site, home to the only nickel smelter in the EU. The digital track included visits to Nokia, the Finnish Information Security Cluster, and technology company Gofore, with talks on digital sovereignty, digital public infrastructure, and Tanzania's move to a cashless economy.

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