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| Mineral Sector overview |  |
Tanzania’s mining industry has experienced a boom in both mineral exploration and mining, activities during the past ten years. Notable developments during the boom period include the commissioning of six large-scale gold mines at Nzega, Geita, Bulyanhulu, North Mara, Buhemba, and Tulawaka. During this period more than fifteen mineral prospects of gold, nickel and uranium, have also been developed to various stages of exploration. This development has resulted in increase of the country’s annual gold production from less than one tonne per annum in 1998 to about 50 tonnes in 2008, making the mining industry the second fastest growing sector after tourism and increasing its contribution to the GDP from 2.0% in 1998 to 3.5% in 2005 (based on 1991 prices). Furthermore, the cumulative total direct foreign investment (FDI) in the mining industry in the past ten years exceeded US$ 2.5 billion and employed around 1% of wage earners.
Factors that led to the rapid growth of the mineral sector in Tanzania include: conducive geological environment, major economic reforms which have been undertaken since mid 1980’s; (mineral policy of 1997, enactment of internationally competitive fiscal and legal regimes for the mineral sector); and political stability of the country. These developments pose challenges and create opportunities to Tanzania as more goods and services are needed to support this fast growing sector. Capacity building is thus essential to meet the demands in the country for delivering essential services and goods such as reliable power supply, mining equipment and other consumables for the mining industry.
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