The United Republic of Tanzania

Tanzania’s membership in regional trading blocs, along with its geographic location, makes the country a strategic destination for investment. Tanzania offers a domestic market of 36 million consumers. Investors in the country also enjoy access to the 93 million consumers of the East African Community (EAC) - which Tanzania founded in 2000 with Kenya and Uganda - and to the 215 million consumers of the Southern African Development Community (SADC). Besides its 1,400 kms of coastline on the Indian Ocean, Tanzania has a number of other exceptional natural assets, making the country one of the finest tourist destinations in Africa. Twenty five per cent of Tanzania’s total area is set aside as national parks and game reserves (which include the famous Mt

Kilimanjaro and the Serengeti plains). Mining is attracting a number of foreign investors, with Tanzania being the third largest gold producer in Africa. There are opportunities as well in agriculture and infrastructure.

Tanzania’s open door policy has added it to the list of countries that earn improved treatment by international insurance agencies. Mining is one of Tanzania's fastest growing sectors. It makes up at least half of the countries foreign exchange earnings each year. These measures have all assisted in attracting exploration capital to the country.

SPEECH BY H.E. JAKAYA MRISHO KIKWETE, PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA, AT THE INVESTING IN AFRICAN MINING INDABA XII, CAPE TOWN, SOUTH AFRICA

“I will not be bragging in saying that my country, Tanzania, contributes a sizeable share of Africa's mineral wealth. Tanzania is richly endowed with minerals of all kinds. Almost every mineral known to exist in the earth's crust can be found in Tanzania, and some exist in large quantities. Tanzania offers a stable political environment with sound legal and fiscal policies. In terms of potential, the following is what we have to offer: Excess of 45 million ounces of gold, 1.5 million tonnes of nickel and 50 million carats of tanzanite..." Details...

STATEMENT BY THE RIGHT HONOURABLE EDWARD LOWASSA (MP), PRIME MINISTER OF THE UNITED REPUBLIC OF TANZANIA, AT THE BUSINESS LUNCHEON HELD IN TORONTO, CANADA

“The formulation of the Mineral Policy in 1997 and enactment of a new Mining Act of 1998, which repealed the Mining Act of 1979, had remarkable impact on increase in investments in the sector.” Details...

Adding further confidence to the political stability are the country’s policies that emphasize the importance of the private sector. Foreign and local investors including investors in mining are protected against nationalization.

• ● Over 800,000 kilometers of varied geological terrains with potential mineral resources.
• ● Ongoing exploration work resulting in discovery of resources in excess of 45 million ounces of gold, 1.5 million tones of nickel and 50 million carats of tanzanite.
• ● An Archaean shield environment with a number of classical Canadian and Australian type greenstone gold lode deposits, many capped by tropically weathered enrichment zones.
• ● An extensive Proterozoic terrain containing lode and near surface gold deposit types, now attracting exploration attention in South America, West Africa and elsewhere.
• ● Potential for epithermal gold deposits in the faulted younger rocks on the coastal plain.
• ● A world-class diamondiferous kimberlite at Mwadui and more than 200 other kimberlites, many of which are yet to be thoroughly evaluated.
• ● Scores of occurrences of high value colored gemstones, such as emerald, ruby, tsavorite, sapphire, tanzanite, and alexandrite.
• ● A wealth of other opportunities in minerals, including coal, iron, tin, graphite, evaporates, kaolin, limestones, dimension stones, phosphates and gypsum.
• ● Recent history of production decisions by well-financed, international companies.
• ● Ample inventory of unexplored mineral ground.
• ● A comprehensive, systematically archived data base on geoscientific information and mineral resources.
• ● Minimal competition at present from large multinational mining firms.
• ● Globally competitive tax and regulatory regime for mining investors.
• ● Accelerated and simplified handling of investment proposals.
• ● Technical staff trained in various disciplines associated with mining.
• ● An abundant supply of labor.
• ● A peaceful working environment free of confrontations, ethnic strife and labor disputes.
• ● Well-established supporting services.