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Tanzania Charms Investors Ahead of Mining and Investment Forum 2023

Tanzania Charms Investors Ahead of Mining and Investment Forum 2023

Tanzania has urged global investors to explore investment opportunities in the country’s minerals sector, ahead of the Mining and Investment Forum 2023. 

The summit seeks to unlock the full potential of Tanzania’s mining sector, by bring together stakeholders from across the world.

According to organizers, the  forum will take place in Dar Es Salaam on October 25 to 26, this year.

At least 2,000 global attendees from over 25 countries will grace the event, including a world-class conference with over 100 speakers.

Dr. Doto Mashaka Biteko, Tanzania’s Minister of Minerals  said the country has a favourable investment climate. 

In addition, the East African country has abundant natural resources, which makes it an attractive destination for investment.

“I invite all mining stakeholders in Tanzania, from across Africa, and around the globe, to participate in the Tanzania Mining & Investment Forum,”  Dr. Biteko said. 

He called on investors who are looking for opportunities in the green energy and transition minerals sector to take notice of Tanzania.

Rise of Tanzania as a mining and Investment hub 

The East African country is emerging as a hub for green energy and transition minerals development and production. These are essential components in manufacturing of electric vehicles, renewable energy infrastructure, and other clean technologies. 

Furthermore, Tanzania has significant deposits of lithium, cobalt, nickel, and rare earth elements. 

In April, the Tanzanian government signed contracts worth $667 million with three Australian companies to mine graphite and rare earths.

Evolution Energy Minerals, EcoGraf Ltd and Peak Rare Earths inked the agreement in the capital Dodoma. 

The signing was part of president Samia Suluhu’s drive to fast-track negotiations on long-pending mining and energy projects.

The framework agreements are also part of a push by Tanzania to boost the mining sector’s economic contribution to at least 10 percent by 2025.

Also, the government of Tanzania has established a framework to promote responsible and sustainable mining practices. 

This includes the implementation of environmental and social safeguards and establishment of a regulatory framework to ensure compliance.

In addition, the government has invested in mineral processing and refineries, which will create jobs and local content opportunities.

Notably, Tanzania is a member of the Extractive Industries Transparency Initiative (TEITI), which promotes transparency and accountability in the management of natural resources. 

This assures investors that the country’s mining sector is sustainable under trusted leadership. 

Mining and Investment Forum 2023 will have a strong focus on global mining investments, including new projects and partnerships, technologies, regulations, and financing. 

Moreover, new topical subjects such as environmental, social and governance policies, strategic mineral developments, sustainable mining, and local content will be part of the agenda.