Tanzania: 4th largest gold producer in Africa
Tanzania has one of the largest undeveloped gold deposits in Africa. Currently, the country is the 4th largest gold producer in Africa. The country produces Approximately 40 tons of gold per year. This is a Large fraction of 2.8%, which contributes to the mining of the country's GDP.
It is expected that gold mining will grow in the coming years, the interests that have shown many mining companies established abroad in the country given. This is backed up by the recent change of government policy and the legal structure, as in the 1997 mining policy and the 2010 Mining Act can be seen.
Gold Mining History in Tanzania
The history of gold mining in Tanzania back to the dates pre-colonial era, when the locals mined alluvial gold along rivers and exchanged it with Arab traders on the coast. The first commercial gold mining was made by the German colonizers in the region around Lake Victoria in the 1890s. However, this mining came to an abrupt Finish in 1918 when the Germans were defeated in World War I and they had to Abandon Tanzania.
And then continued British and South African gold prospecting and mining started in several places within the country in the 1920s and until world war 2, when all of these activities has been stopped as a gold Find prohibited. After gaining independence, the government nationalized all gold mining operations under the State Mining Corporation ( STIMICO ) and the NDC ( National Development Corporation ).
This slows down the development of the industry, as the new government did not have enough resources and capacity to carry out extensive exploration and mining operations. It took the leaders over 20 years to realize this, and it was in 1980, when the government started the process of liberalization of the sector.
Privatization too much not be as the private sector, where more interested in the gold mine already exist perform unlike exploration activities. In order to improve the mining sector, the government changed its investment policy and make the investment promotion center to Aid to attract more foreign investors in the mining industry. This led to more investment and the discovery of more gold mines.
Tanzania encourage of several productive gold mines and gold exploration projects. Some of the gold mines, you should consider:
Buzwagi Gold mine
This is an important Tanzanian gold mines of the second largest open pit to be in the country. It is an open pit mine in southeastern Kahama Shinyanya region. Acacia mining constitute the owner of the gold mining as well as mining operator. The mine was commissioned in 2009 in order to Approximately 719,000 ounces of gold in 2014 made
Bulyanhulu Gold Mine
The Bulyanhulu Gold Mine is a major underground mine located in Shinyanga region. The mine is owned by the Acacia Mining Plc, acquired in 1999 by Sutton resources of its development license, and the Bulyanhulu gold mine is located at about 55 km
in the south of Lake Victoria
the third largest gold producer in Africa behind Ghana opened the mine in 2001 and for a Near period made Tanzania. The mine has a mine life of over 25 years and is expected to produce up to 2026 gold
Geita gold mine
This mine important another open pit gold in Tanzania gold production. The mine is located Approximately 20 km southeast of Lake Victoria in the Geita District of Tanzania. Then mine owned by AngloGold Ashanti is.
Golden Pride gold mine
This is a Wealthy and open-pit gold mine of Resolute Mining Limited. The mine is located in Nzanga District in Tabora Region. This was the first new mine to be developed since independence in Tanzania. Prospecting Perform in the mine began in 1989, but the actual mining to Start in 1999, when the mine was officially opened.
North Mara Gold Mine
The North Mara Gold Mine is an important mine in northern Tanzania, which has both an underground and open pit. The mine is located in northern Tanzania in the Tarime District Mara Region. The mine was opened in 2002 and is owned by Acacia Mining
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