Tanzania mining

Gold is the primary driver of the mining industry in this nation of abundant mineral resources.

Since a major over-haul in the country's mining act in 1998, Tanzania has been the focus of some of the largest mining companies in the World. Major gold mining companies operating in the country include African Barrick (London - ABG.L), AngloGold Ashanti (NYSE -- AU) and Resolute Mining (Australia -- RSG.AX). Tanzania is the fourth largest gold producer in Africa with a 2009 output of 50 metric tons. South Africa (240 mt), Ghana (80 mt) and Mali (60 mt) are the top three producers.

Tanzania has substantial reserves of minerals including copper, nickel, iron, coal, uranium, diamonds and a wide variety of gemstones such as ruby, sapphire, emerald, alexandrite and Tanzanite (only found and mined in Tanzania).

Active Resource Companies in Tanzania

African Barrick - LSE:ABG.L
Ruby Creek Resources - OTC: RBYC
AngloGold Ashanti - NYSE:AU
IMX Resources - ASX: IXR
Tanzanian Royalty - Amex: TRE
Uranium One - Toronto: UUU.TO
Petra Diamonds - London: PDL.L
Helio Resource Corp - TSXV: HRC
MDN Inc - TSXV: MDN.TO
Resolute Mining - Australia: RSG.AX
Shanta Gold - LSE: SHG.L
Tanzanite One - LSE: RLD.L
Build of GOLD leaching plant.
Ore sample visible gold.
Stock piling ore.