MWE Correspondent
The State Mining Corporation (STAMICO) has held discussions with a delegation of Saudi Arabian businesspeople to explore investment opportunities across Tanzania’s mineral value chain, with the aim of promoting partnerships that will benefit Tanzanians.
The discussions were held on August 18, 2026, in Dar es Salaam, where STAMICO Executive Director Dr. Venance Mwasse outlined investment opportunities available within the country’s mining sector.
Dr. Mwasse said STAMICO continues to open its doors to investors in accordance with government laws, regulations and procedures, emphasising the corporation’s commitment to ensuring that mining investments generate benefits for all stakeholders.
He said STAMICO was focused on operating on commercial and transparent principles to minimise bureaucratic barriers, improve efficiency and ensure that investment initiatives deliver tangible results within a reasonable timeframe.
“STAMICO is the right organisation to partner with because it has skilled and experienced professionals, strong relationships with communities surrounding its projects, and the capacity to collaborate with other institutions,” Dr. Mwasse said.
He added that the corporation remains committed to creating an enabling environment for investors while ensuring that partnerships in the mining sector contribute to Tanzania’s broader economic development.
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Speaking during the meeting, Chairman of the Saudi-Tanzania Business Council, Abdulrahman Al Thobaity, thanked STAMICO for presenting the available investment opportunities and providing information on potential areas of cooperation between Tanzanian and Saudi investors.
The engagement also provided an opportunity for STAMICO to highlight specific projects and areas with investment potential.
STAMICO Research Manager Frederick Mangasini presented opportunities in several mineral and mining-related areas, including gold, coal and copper projects, as well as initiatives aimed at supporting and developing small-scale miners.
The discussions form part of STAMICO’s ongoing efforts to attract strategic investors and strengthen partnerships within Tanzania’s mining industry.
The corporation continues to position itself as a key partner in the development of the country’s mineral resources by promoting investment, technical expertise, transparency and collaboration, while ensuring that the benefits of the sector contribute to national development and the welfare of Tanzanians.
