Tanzania targets mining to boost sector's GDP contribution

Posted on :Wednesday , 26th May 2021

Tanzania Ministry of Minerals is now concentrating on strengthening revenue collection to boost the mining sector's contribution to GDP.

Minister for Minerals, Dr Dotto Biteko, offered his ministry's budget estimates, stating that the government's objective for the fiscal year 2021/2022 is to accumulate 696,441,872,667, up from 547,735,863,597 in the fiscal year 2020/2021.

Accordi. . .

Africa's Mining firms are switching to Green Mining using earth-friendly product alternatives

Posted on :Wednesday , 24th March 2021

The mining industry should be leading the way in exploiting the earth's wealth in more environmentally friendly ways, given its major duty to both man and nature. It is, after all, one product, one step at a time.

In terms of global industrial growth, the mining industry is significant. Mining is important to human development because it provides mineral and other services to. . .

Africa and Middle East Mining sector rose by 16.7% in the second quarter of the year

Posted on :Thursday , 26th November 2020

Data and analytics company GlobalData’s deals database shows that overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter.

Twenty-eight USD 1.44 billion deals have been revealed for the region over the year, relative to the last four-quarter total of 24 deals.

Of all the forms of deals, . . .

Barrick to invest USD 8 million on mineral exports in Tanzania

Posted on :Thursday , 29th October 2020

BARRICK Gold Company plans to spend USD 8 million in new mining exploration operations in Tanzania by the end of the year, due to favorable investment strategies, laws and regulations.

This was unveiled by Barrick President and Chief Executive Officer Mark Bristow during a media conference following his quarterly visit to the mine, where he also praised the strong ties betwee. . .

TBS sets guidelines for small-scale mining

Posted on :Wednesday , 30th September 2020

More than 100 standards have been developed by the Tanzania Bureau of Standards (TBS) to be used in the security of the mining industry for products and services engaged in drilling, production and processing. TBS spokesperson Roida Andusamile said,  As the expansion of the mining sector has contributed to higher economic growth and increased exports and capital inflows in Tanzania.

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