Tanzania to map 50 percent of state lands for mineral exploration by 2030
Tanzania’s government plans to explore 50 percent of the country’s land to explore more mineral reserves.
This aims to generate more from potential mineral resources to boost revenue and enhance the country’s economic fortunes.
Currently, only 16 percent of Tanzania’s lands have been surveyed. A geophysical survey of nearly 18 percent of state land will be done in the next financial year through the Geological Survey of Tanzania, Minerals Minister Anthony Mavunde announced.
“In the next fiscal year which starts in July 2024, parliament has approved a project to conduct an in-depth geophysical survey in two blocks with a total area of 165,574 square kilometres. This will lead to the establishment of many large mines and significantly increase opportunities,” Mavunde said during the mining stakeholder’s forum in Arusha.
The Minister further revealed that $3.55 billion worth of minerals were exported in 2023 alone, accounting for 56.2 percent of the sales of non-traditional goods compared to exports worth $3.39 billion in 2022.
Tanzania’s mining sector contributed about 10.9 percent to the national income for the third quarter of 2023.
