A sustainable future: Realising Tanzania’s mining potential
President Samia Suluhu Hassan receives the 2022/23 report from director general of Prevention and Combating of Corruption Bureau (PCCB) Mr Salum Hamdu at State House in Dodoma on March 28, 2024. PHOTO | STATE HOUSE
What you need to know:
- The Tanzanian government’s initiative, which includes the development of a critical mineral policy and a focus on rare earth minerals such as graphite, lithium, nickel, and neodymium, is a testament to the country’s forward-thinking approach.
By Selim Kaymak
Tanzania’s recent strides in the mining sector, under the visionary leadership of President Samia Suluhu Hassan, have set a new standard for the African continent and beyond.
The launch of a comprehensive development strategy for the mining industry marks a pivotal moment, one that aligns perfectly with my commitment to responsible and sustainable mining practices.
The Tanzanian government’s initiative, which includes the development of a critical mineral policy and a focus on rare earth minerals such as graphite, lithium, nickel, and neodymium, is a testament to the country’s forward-thinking approach.
This strategy not only aims to ensure supply reliability and promote exploration but also emphasizes the importance of beneficiation—unlocking the full value of Tanzania’s mineral wealth.
As the permanent secretary of Tanzania’s Ministry of Minerals, Kheri Mahimbali, highlighted, the economic impact of this approach is undeniable.
With the mining sector contributing approximately 10 percent to the country’s gross domestic product (GDP) in 2023 and accounting for nearly 60 percent of foreign exchange earnings, the benefits of responsible mining are clear for all to see.
Fostering innovation and sustainability
The Tanzanian government’s commitment to fostering sustainable and responsible mining practices resonates deeply with my own philosophy. The emphasis on exploration and innovation is crucial, as it allows us to harness the latest technologies and methodologies to minimise our environmental footprint while maximising the socio-economic benefits for local communities.
The substantial investments attracted by these responsible practices—over $2 billion in new investments, with additional commitments exceeding $1 billion—underscore the global confidence in Tanzania’s mining sector. These investments, particularly in critical and rare earth minerals, are not just about capital; they represent a shared belief in the potential of Tanzania’s resources and its people.
At my company, Alpha Resources, we are inspired by Tanzania’s ambitious vision and are committed to being an integral part of this journey. Our investments in the country are guided by a deep respect for the environment and a commitment to the well-being of Tanzanian communities.
I believe that mining should be a catalyst for sustainable development, providing not just economic benefits but also contributing to the social and environmental fabric of the host country.
Our approach is collaborative, working closely with the Tanzanian government, local communities, and other stakeholders to ensure that our mining activities are in harmony with national development goals and community aspirations. This includes investing in local infrastructure, education, and healthcare, as well as ensuring that our operations are transparent, ethical, and aligned with the best international practices.
The path Tanzania is on offers a blueprint for the future of mining in Africa and beyond. It is a call to action for industry leaders, policymakers, and communities to come together in pursuit of a common goal: mining that benefits all, without compromising the needs of future generations.
Selim Kaymak is a founder and CEO of Alpha Resources and Investments (Pty) which is based in South Africa. He can be reached through [email protected]
