President Samia Suluhu Hassan unveils a bold vision for Tanzania's mineral sector, aiming to revolutionize the industry over the next five years. Her comprehensive reforms promise to increase transparency, boost local value, support small-scale miners, and maximize the country's mineral wealth. With a focus on critical minerals, the government plans to finalize the 'National Strategy for Critical Minerals' by 2030, identifying essential minerals for global industries. To eliminate speculation, a nationwide review of mining licenses will be conducted, targeting dormant exploration areas. Small-scale miners, the backbone of Tanzania's mining workforce, will receive expanded support, including special mining areas, fast-tracked licensing, and access to capital and equipment. The government will also strengthen formal markets for minerals and gemstones, aiming to become a leading trading hub in East and Central Africa by 2030. One of the most transformative commitments is the plan to end the export of raw ore and concentrates, establishing a multi-purpose mineral refinery by 2030 to save jobs and boost industrialization. Additionally, a 'Minerals Sovereign Wealth Fund' will be created to ensure mineral earnings safeguard the well-being of future generations. With global demand for critical minerals rising, President Hassan's reforms position Tanzania as a competitive, transparent, and value-driven mining powerhouse, aiming to fuel shared prosperity for decades to come.
