THE government has invited investors to invest in mineral value addition for the country to benefit more from variety of mineral resources.
According to a statement from the
Ministry of Energy and Minerals the invitation comes after the
government has last month announced total ban on export of ores and
concentrates of metallic minerals to enable all mineral value addition
activities including processing, smelting and refining to be carried out
within the country.
“The government is inviting capable
stakeholders to invest in mineral processing, smelting and refining
industries in Tanzania,” the Ministry said, as the government is
implementing the Mineral Policy, 2009 and the Mining Act, 2010.
In the Mineral Policy of 2009, the
government emphasizes the need to promote and facilitate value addition
activities to be carried out within the country to increase revenue from
the mineral sector, create jobs and acquire new technology hence to
realise maximum benefits from the mineral sector.
According to the statement, the
interested persons or firms are required to have the proper technology
to ensure that pure metals are produced and exported outside Tanzania.
Also, such companies to have reputable
experience in processing, smelting and refining of metallic ores and
concentrates as well as sound financial capacity and workable investment
plan.
Some of the critics of the domestic
smelting however argue that to operate the smelting plant economically, a
feedstock of 150,000 tonnes of mineral sand, almost three times the
amount produced in Tanzania, are required annually.
Tanzania is endowed with variety of
mineral resources from metallic minerals to gemstones and most of the
minerals produced are exported in raw or semi processed form.
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