Tanzania Mining Sector Report 2026
The definitive analysis of Tanzania's mining landscape — from Geita's gold expansion to emerging rare earth opportunities. Includes 5-year production forecasts, regulatory analysis, and investment thesis.
Joseph Mwenda
Senior Reporter, Mining & Resources
Dr. Amina Kassim
Research Director
Table of Contents
Executive Summary
Tanzania's mining sector stands at an inflection point. Following years of regulatory reform and renewed government engagement with international investors, the sector is poised for a significant expansion phase that could see annual production value exceed $4 billion by 2030.
This report provides a comprehensive analysis of Tanzania's mining landscape, with particular focus on:
• Gold production outlook and major project expansions • Emerging opportunities in rare earth elements and strategic minerals • Regulatory environment and investor considerations • Valuation frameworks for sector participants
Our analysis indicates that Tanzania offers one of Africa's most attractive mining investment profiles, combining world-class geology with improving governance and infrastructure.
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Market Overview
Tanzania ranks as Africa's fourth-largest gold producer, with 2025 output of approximately 52 tonnes valued at $3.4 billion. The sector contributes roughly 5% of GDP and accounts for over 40% of total export earnings.
The past three years have witnessed a fundamental shift in the operating environment. Following the 2017-2020 period of regulatory uncertainty, the government has established a more predictable framework that balances state participation with investor protections.
Key Metrics (2025)
| Metric | Value | YoY Change |
|---|---|---|
| Gold Production | 52.3 tonnes | +8.2% |
| Export Value | $3.4B | +12.1% |
| Employment (formal) | 15,200 | +5.4% |
| Exploration Spending | $180M | +24.3% |
The surge in exploration spending is particularly noteworthy, indicating renewed confidence from both major producers and junior explorers.
Gold Production & Outlook
Tanzania's gold production is dominated by three major operations: Geita (Barrick), North Mara (Barrick), and Bulyanhulu (Barrick). Together, these mines account for approximately 85% of national output.
Geita Gold Mine
Geita remains Tanzania's flagship gold operation, producing approximately 500,000 ounces annually. The January 2026 announcement of a $500 million expansion signals Barrick's long-term commitment to the asset...
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