Tanzania’s Minister of Minerals, Anthony Mavunde, has welcomed
investors in the mining of strategic minerals, with a clear mandate that all
value additions must be done within Tanzania.
Speaking in Bali, Indonesia, during the INDONESIA
AFRICA forum, Mavunde highlighted the importance of strategic minerals in
boosting the economies of the producing countries.
He emphasized Tanzania's commitment, under President
Samia Suluhu Hassan’s leadership, to create a favorable environment for
investors.
Also read: Small-Scale Miners Drive Economic Boom in Tanzania's Thriving Mining Sector
Mavunde invited investors to explore opportunities in
Tanzania, which is rich in minerals that are in high global demand, including
those critical for electric vehicle batteries.
He underscored the new policy requiring all strategic
minerals to be processed locally to attract industries that manufacture
products like electric car batteries.
“Tanzania is not just a source of raw materials; we
are committed to adding value within our borders,” said Mavunde, stressing the
country's ambition to develop its mining sector and drive economic growth
through local processing and manufacturing.