Joseph Isangura
The Australian High Commission has revealed that over the past two years, mining contracts signed with Australian companies in Tanzania have reached a total value of over Sh10 trillion ($3.6 billion), based on recent estimates by the Tanzanian government.
Scott Morriss, the Trade Commissioner for Africa at the Australian High Commission, made the announcement during the Australian Tanzania Mining Breakfast panel discussion held in Dar es Salaam on November 22, 2024. He highlighted that the significant level of investment reflects Australia’s strong commitment to supporting the development of Tanzania’s mining sector through the use of cutting-edge technology, equipment, and expertise.
“While the number of Australian companies and the volume of investment may fluctuate over time, the overall commitment to Tanzania remains steadfast. This investment demonstrates Australia’s dedication to improving the efficiency, safety, and profitability of Tanzania’s mining sector,” Morriss stated.
According to the 2024 Austrade report, 12 Australian companies have committed to spending over $26 million on exploration activities in Tanzania. This is a clear indication of the confidence Australian firms have in the future of Tanzania’s mining industry, particularly in areas such as gold, gemstones, and other precious minerals.
In addition to financial investment, Morriss emphasized that Australian companies are deeply involved in skills development and education initiatives for local communities. These efforts range from primary and secondary school programs focused on digital education to specialized training in mine site safety and equipment operation. Moreover, Australian companies offer opportunities for Tanzanians to earn postgraduate engineering qualifications through online courses, further building capacity within the local workforce.
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The Australian government’s involvement in Tanzania’s mining industry is part of a broader strategy to foster economic cooperation and long-term growth. As Tanzania continues to be a key player in Africa’s mining sector, the collaboration with Australia is seen as a pivotal element in driving the country’s mineral resources industry forward.
The mining sector is poised to remain a critical contributor to Tanzania’s economy, with Australian companies playing a major role in driving both investment and skills development. As the sector expands, the focus will be on ensuring sustainable practices, local empowerment, and technological advancement to maximize the benefits for Tanzania’s economy and people.
