Govt is optimistic with the current rate of investments in mining sector

High influx of the number of mineral license applicants who are eager to invest in mining and gas sectors is a sufficient indication which shows that the sector is growing with high speed and thus is recording a tremendous increase of mineral production in the country. The deputy minister of Mining Stanslaus Haroon Nyongo said today in parliament that, Tanzania is receiving more prospective investors who regularly are eager to invest in mining sector. He said that currently his ministry has received the number of applicants which has pegged to 800 who need to have licenses that would allow them to invest in prospective mining activities whereas, they have received 26 applications of those who wants to invest in special mining activities. 

Dr. Peter Dalali Kafumu 

The minister further noted that, from the statistics given, it instinctively shows that, there is a tremendous development in mining sector since the government reviewed the Mining Act in 2017 with a view to protect the natural resources for the benefits of the country. The deputy minister was responding to the question earlier raised by Igunga legislator Dr. Peter Dalali Kafumu (CCM) who wanted to know why has there been a decrease of investments in mining sector in the country since the review of the Mining Act 2017. In responding, the deputy minister refuted his allegations and listed down the demographic figures which highlighted the tremendous increase which has attracted many investors for the exploration of mines and gas in different areas in the country. He said, the high statistics is due to the firm commitment of the fifth phase government which it has come up in line with the ruling CCM manifesto which is aimed at developing the sector for the country’s economic development. He also noted that, the government has been creating conducive environment for investors and do the resource location that does not only give opportunity to investors to rely only on exploration alone, but also engage actively in mining activities.