The Tanzanian government is revamping its mining sector to create a more investor-friendly environment.This was evident at the recent Investing in Africa Mining Indaba in Cape Town, where the country made its inaugural appearance at the event. A collaborative delegation comprising government and private sector representatives showcased Tanzania's commitment to revitalising its mining industry.Under the theme "Advancing mining investment to accelerate prosperity," the Tanzanian delegation emphasised the significance of the mining sector to the nation's prosperity in East Africa. They outlined plans to enhance geoscientific surveys to unlock the potential of Tanzania's abundant mineral resources. Additionally, the government reiterated its dedication to fostering a favourable investment climate.Tanzania recognises the pivotal role of mining in bolstering its national economy. Ensuring robust regulatory frameworks that prioritise transparency, fairness, and stability to foster industry expansion is a top priority. Minister of Minerals, Anthony Mavunde, emphasised the need for regulatory policies to strike a balance: encouraging investment while safeguarding national interests and promoting environmental safety.Mining companies like TRX Gold, which are expanding their gold mining operations in Tanzania, have expressed confidence in the country's safety and stability for conducting business, noting the government’s commitment to transformation.The government’s willingness to work with the private sector has been commended. Mark Bristow, CE of Barrick, said the company's transformation of two derelict mines was proof of what was possible when working with government.
