First Mining Drc-Zambia March -April 2020 digital edition First Mining Drc-Zambia March - April 2020 digital | Page 27

Business Monitor International (BMI) forecasts average annual growth in the mining sector of 7.7 per cent between 2013 and 2015. BMI also predict a doubling in value of the sector to around US $ 1.28bn in 2015. However, nearly all major developments have been seen in the gold sector. As is stands, minerals make up over 52% of the country’s exports, of which, a large part results from gold, and it continues to see the majority of developments within the sector while other minerals also play a key role in the continued development of the mining industry in Tanzania. The Tanzania mining industry remains attractive to investors, given the next few years of significant diversification to the mining of nickel, uranium and coal. There is also availability of investment incentives and supply chain opportunities in the mining sector. Moreover investments in coal would receive a boost as Tanzania looks to coal-fired power stations to offset energy shortages. Gold mining exploration and gold production, gem stones mining and trading, as well as, small and artisanal mining activities are experiencing considerable growth as well. Business Opportunities Gold Tanzania is said to have the largest gold reserves in Africa behind South Africa, making the country a major focus for the exploration and development of gold on the African continent. Prospecting done revealed that some 130.2 million tons of gold reserves are present in Tanzania. The discovery and exploration of gold in Tanzania offers one of the best areas for investment in the country’s mining sector. Tanzanite Tanzania is the sole producer of this precious gemstone. Currently, there is only one major investor, Tanzanite One and other small scale miners on Tanzanite. Coal and Iron Identified projects in the coal and iron sub sectors can also mean business opportunities include; further development of the Kiwira and Mchuchuma-Katawake coal deposits as well as Liganga iron ore deposits. There is a potential demand for the reserves of coal and iron at both global and regional level; their prices are globally high and projected to steadily rise through 2030 and beyond. Tanzania urgently needs to develop new energy sources to supplement the national grid and for specific industrial projects. This sector has the potential to generate more than US$60-100 million per year in coal export revenues and generate 400MW of additional power. Other minerals/gemstones Other minerals play key roles in attracting investments into the country and development of the mining industry in Tanzania. Opportunities in the supply chain • Value adding ventures particularly in gemstones and jewellery manufacturing (e.g. lapidary, cutting, polishing, etc). Your supplier for PPE, chemical technical and material processing products, anchor systems, sealing technology, electrical, pneumatic and cordless machines. We are highly specialised in supplying the mining, construction, maintenance and automotive industry. Contact us now with all your requirements: Chris Anderson E-mail: [email protected] Tel: [phone] Some of our loyal customers includes Over 6000 of our own high quality Wurth line products available on 97% first pick from our Johannesburg warehouse. www.wurth.co.za www.fmdrc-Zambia.com 25