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Tanzania Emerges as a Global Leader in Critical Minerals: Ranked 3rd in Africa, 6th Worldwide; Mineral Exploration Target Set to Reach 50% by 2030
According to a World Bank report and data from the United States Geological Survey, Tanzania will rank third in Africa and sixth globally in projected mineral wealth by 2050. These findings were revealed on 7th November 2024, by the Managing Director of Tanzania’s State Mining Corporation (STAMICO) Vincent Mwasse.
Mwasse highlighted that Tanzania is surpassed only by Mozambique and Madagascar in Africa, and globally, it ranks among the top six nations.
He highlighted: “Tanzania has begun implementing Mining Vision 2030, aimed at reducing the risk of investors incurring losses by conducting research in areas lacking geological information, thereby ‘de-risking the sector.’ The goal of this strategy is to increase mineral exploration through airborne surveys (High-Resolution Airborne Survey) from the current 16% to 50% by 2030.”
Tanzania is emerging as a significant player in the global mining sector, particularly for critical minerals such as cobalt, nickel, copper, and manganese.
One of the key projects in Tanzania is the Kabanga Nickel Project, located in the north-western part of the country. The project boasts an estimated reserve of approximately 44 million tons, with an average nickel grade of 2.61%, copper at 0.35%, and cobalt at 0.19%.
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- [Editor:邢亚敏]
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