INVESTMENT OPPORTUNITIES IN MINERAL SECTOR
Tanzania offers a lucid business environment for many reasons, but especially it offers a peculiar political environment which lacks in many countries. Corruption is minimal, security is reliable and altogether business risks are minimal compared to many other countries in the region. Much credit for this goes to the current President’s Dr. Joseph John Magufuli’s regime which has dealt ruthlessly with the menace. The weather is good and the land is rich with natural resources in abundance.
The rush to catch mining opportunities by foreign participants including the Chinese and Westerns has been seen to grow recently and their success is evident. It is this that drives us to seek joint venture partners willing to merge effort through venture capital investment so as to improve the scope of our operations and increase productivity.
Currently, we have opportunities for direct partnership and joint venture investment in the Mining of Tanzanite, Tsavorite, Red Ruby Spinel, and Gold within Tanzania
MINERAL ENDOWMENT
Tanzania is one of Africa’s most mineral-rich countries, with minerals such as precious metals (gold and silver), iron ore, base metals (copper, nickel, cobalt, tin, lead,) Platinum Group Metals (PGM), Rare Earth Elements (REE), coal, uranium; diamonds, varieties of coloured gemstones (tanzanite, ruby, sapphire, tsavorite, rhodolite, tourmaline,) and industrial minerals (limestone, kaolin, kyanite, magnesite, phosphate, gypsum). There are also naturally occurring resources such as ground water; carbon dioxide and helium gas; geothermal energy; and natural gas.
The Lake Victoria goldfields (greenstone belt) still stands for areas of investment in gold mining. There are prospects such as Kitongo, Nyakafuru, Miyari and Sekenke which are not yet developed. Many others do exist upon exploration in this belt. The Lupa goldfields in South west of Tanzania and Mpanda area are promising for gold mineralization in which other base metals are associated.
Diamond
Over 300 kimberlites are known in Tanzania of which, 20% are diamondiferous. Some 600 dipolar magnetic anomalies with similar
geophysical characteristics are known kimberlite pipes which have been recorded during recent geophysical surveys. Also of relevance are the psuedo-kimberlites or para-kimberlites along the young craters where diamonds have been discovered.
Alluvial diamonds have been recorded but a large deposit of economic exploitation has not yet been found. Locating shallow buried superficial deposits using airborne infrared surveys may prove useful. Areas in Tabora and Singida regions are worthwhile for detail work.
Gemstones
Varieties of gemstones are found in the Proterozoic rock formations mainly east of the Archaean Craton. Scattered areas in which gemstones are known to occur west and south of the Craton. The gemstones include: ruby, tanzanite, garnets, tourmaline, sapphires, spinel, topaz, scapolite, emeralds, chrysoprase and alexandrite.+
Iron
Numerous iron ore bodies have been identified in the Proterozoic rocks. Titaniferous magnetic bodies associated with anorthositic gabbro occur at Liganga SW Tanzania and is in close proximity (80 km) to the coal resources of Ketewaka-Mchuchuma. Shallow drilling established a resource of 45 million tonnes grading 52 percent Fe. The Titanium minerals are also known in beach sands along the coast.
Coal
The country possess a coal resource may be as higher as 1.5 billion tonnes and their ash content varies from 14.2% to 45%. Coal resources occur in Karoo rock formations in southwestern part of Tanzania. Reserves in the order of 1000 million tonnes of coal have been proved by drilling in all the coal fields and only 40% can be extracted by surface mining methods. Currently coal is being exploited on a small scale at Kiwira Coal Mine. Coalfields with highest potential are Katewaka –Mchuchuma in the Ruhuhu basin and Songwe –Kiwira. The caols vary in rank from sub-bituminous C to medium-volatile bituminous (mvb). The ash content between 15% and 20% and other seams as higher as 40% and generally low in sulphur (less than 2%). Songwe-Kiwira coalfield is the only coalfield producing coal using mechanized underground coal mine at Kiwira.
Platinum Group Metals
(PGMs – platinum, palladium, rhodium, rhenium, osmium and iridium).
Occurrence of these minerals are in layered mafic igneous intrusives such as gabbros and anorthosites; ultramafic rocks such as peridotite, dunite and serpentine. It involves concentration of molten sulfide droplets or oxide crystals in mafic or ultramafic magma.
Ferrous and non-ferrous metals
Ore bodies for iron, nickel, copper, cobalt, chromium, and Platinum Group Metals (PGM) are associated with ultramafic intrusions whilst tin and tungsten related to granitic intrusions. None of these metals has been mined in Tanzania although there are advanced projects such as Kabanga nickel.
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