AT the official press launch of the Tanzan
ia Mining & Investment Forum 2023, held in Dar Es Salaam Tuesday, Dr. Doto Mashaka Biteko, Minister of Minerals, emphasised the exceptional investment prospects available in Tanzania’s mining sector.
In his address, Dr. Biteko extended a warm welcome to mining stakeholders from Tanzania, across Africa, and around the world to participate in the upcoming Tanzania Mining & Investment Forum, scheduled to take place in Dar Es Salaam from October 25 to 26, 2023. He expressed anticipation for groundbreaking announcements, bilateral meetings, investor interactions, and the showcasing of project development opportunities. He also emphasised the country’s commitment to collaborating with national and global partners to unlock the full potential of Tanzania’s mining sector. Dr. Biteko added, ‘We look forward to meeting you in Dar Es Salaam, as Tanzania is now placed in the high-ranking African groups in attracting foreign direct investment.’
Tanzania is rapid
ly emerging as a hub for the development and production of green energy and transition minerals in East Africa. The country’s abundant natural resources, favourable government policies, and the increasing demand for sustainable energy have attracted attention from global investors.
With significant deposits of critical minerals such as lithium, cobalt, nickel, and rare earth elements, Tanzania is well-positioned to meet the growing demand for these minerals in the manufacturing of electric vehicles, renewable energy infrastructure, and other clean technologies. Recent agreements between the Tanzanian government and Australian companies, worth $667 million, exem
plify the country’s commitment to mining rare earth minerals and graphite, aligning with the global transition towards a low-carbon economy.
Investors seeking opportunities in the green energy and transition minerals sector should take note of Tanzania’s favourable investment climate and abundant natural resources. Additionally, Tanzania’s strategic location in East Africa provides access to the expanding regional markets.
To promote responsible and sustainable mining practices, the Tanzanian government has established a framework that includes implementing
environmental and social safeguards. They have also put in place a regulatory framework to ensure compliance with international best practices. Adding value in-country and investing in mineral processing and refineries are top priorities for the government, aiming to create job opportunities for Tanzanian nationals and local content opportunities for businesses.
Furthermore, as a member of the Extractive Industries Transparency Initiative (EITI), Tanzania actively
promotes transparency and accountability in the management of its natural resources. This commitment assures investors that the country’s mining sector is being managed res
ponsibly and sustainably.
