gold mines in tanzania

A Comprehensive List of Major Gold Mines in Tanzania

Let us have a look at these gold mines in detail:

1. Geita Gold Mine

• Location: Geita Region, Northwestern Tanzania
• Operator: AngloGold Ashanti
• Production Capacity: Approximately 600,000 ounces annually

The Geita Gold Mine is Tanzania’s largest gold mine and one of the top producers in Africa. Operated by AngloGold Ashanti, a global gold mining company, this open-pit mine has been operational since 2000.

The Geita Gold Mine produces around 600,000 ounces of gold per year, making it a significant contributor to the country’s economy.

Geita is located in Northwestern Tanzania, near Lake Victoria, in the Geita region. It sits on one of the richest gold belts in Tanzania and has undergone several expansions to increase production over the years. AngloGold Ashanti continues to invest in the mine, ensuring its continued contribution to Tanzania’s gold industry.

2. Bulyanhulu Gold Mine

• Location: Shinyanga Region, Northwestern Tanzania
• Operator: Barrick Gold Corporation
• Production Capacity: Approximately 330,000 ounces annually

The Bulyanhulu Gold Mine is one of Tanzania’s oldest and most prominent underground gold mines. Operated by Barrick Gold Corporation, one of the world’s largest gold producers, Bulyanhulu began commercial production in 2001.

It is located in the Shinyanga Region of northwestern Tanzania and is known for its high-grade gold reserves.

Bulyanhulu is unique for its underground mining operations, which allow it to access deeper gold reserves that are not easily reachable through open-pit mining. The mine is also renowned for its substantial silver and copper production, making it a multi-resource mine.

3. North Mara Gold Mine

• Location: Mara Region, Northern Tanzania
• Operator: Barrick Gold Corporation
• Production Capacity: Approximately 270,000 ounces annually

Located in the Mara Region near Tanzania’s border with Kenya, the North Mara Gold Mine is another critical asset for Barrick Gold Corporation.

It comprises multiple open-pit and underground operations. North Mara is known for producing high-grade gold, contributing around 270,000 ounces annually.

Since Barrick took over the mine’s operation, it has implemented extensive environmental and operational reforms to enhance production and ensure sustainable practices. The mine is a key part of Barrick’s African portfolio and plays a significant role in the local and national economy.

4. Buzwagi Gold Mine

• Location: Kahama District, Shinyanga Region
• Operator: Barrick Gold Corporation (formerly Acacia Mining)
• Production Capacity: Approximately 175,000 ounces annually

The Buzwagi Gold Mine, located in Kahama District of the Shinyanga Region, is an open-pit gold mine that was operated by Acacia Mining until Barrick Gold Corporation acquired full control of Acacia’s Tanzanian operations. Buzwagi was once one of Tanzania’s largest gold producers, with peak production in the mid-2010s.

Although the mine’s output has decreased over the years, Buzwagi continues to produce around 175,000 ounces of gold annually.

The mine is nearing the end of its operational life, but Barrick is focused on maximizing its remaining resources through innovative mining techniques.

5. New Luika Gold Mine

• Location: Lupa Goldfields, Mbeya Region, Southwestern Tanzania
• Operator: Shanta Gold
• Production Capacity: Approximately 80,000 ounces annually

The New Luika Gold Mine is a smaller, high-grade gold mine located in the Lupa Goldfields of southwestern Tanzania. It is operated by Shanta Gold, a UK-based gold mining company. The mine began production in 2012 and has since become one of the key players in the Tanzanian gold mining sector, producing around 80,000 ounces annually.

New Luika stands out for its high-grade gold deposits and relatively low production costs, making it a profitable operation. The mine is also notable for its exploration potential, as Shanta continues to discover additional gold reserves in the area.

6. Buckreef Gold Mine

• Location: Geita Region, Northwestern Tanzania
• Operator: Tanzanian Gold Corporation
• Production Capacity: Projected to increase with ongoing development

The Buckreef Gold Mine is one of Tanzania’s emerging gold projects, located in the Geita region. Operated by Tanzanian Gold Corporation, the mine is undergoing significant development to increase its production capacity. While it is still in the expansion phase, Buckreef holds considerable potential with substantial gold reserves.

Tanzanian Gold Corporation has been working closely with the Tanzanian government to expand the Buckreef project, which is expected to play a larger role in the country’s gold production in the coming years. The project is seen as a strategic asset that could enhance Tanzania’s position as a top gold producer.

7. Golden Pride Gold Mine (Closed)

• Location: Nzega District, Tabora Region
• Operator: Resolute Mining
• Production Capacity: Over 2.2 million ounces during its operation

The Golden Pride Gold Mine was one of Tanzania’s most successful gold mines during its operation. Located in Nzega District of the Tabora Region, it was owned and operated by Resolute Mining, an Australian mining company. The mine began production in 1998 and produced over 2.2 million ounces of gold before it was officially closed in 2013.

Although the mine has ceased operations, it played a critical role in Tanzania’s mining history, setting the foundation for further exploration and development in the country’s gold sector.

8. Nyanzaga Gold Project

• Location: Mwanza Region, Northwestern Tanzania
• Operator: OreCorp Limited
• Production Capacity: In development, estimated at 213,000 ounces annually

TheNyanzaga Gold Project is a promising development in Tanzania’s gold sector. Located in the Mwanza Region, this project is being developed by OreCorp Limited, an Australian mining company. The project is still in the exploration and development phase, but it is estimated to produce around 213,000 ounces of gold annually once it becomes operational.

Nyanzaga is situated within a well-known gold belt and is expected to add significant value to Tanzania’s mining industry. The project’s development reflects the growing interest in Tanzania’s untapped mineral wealth.

9. Singida Gold Project

• Location: Singida Region, Central Tanzania
• Operator: Shanta Gold
• Production Capacity: Expected to produce 32,000 ounces annually (from 2023)

The Singida Gold Project is another promising venture by Shanta Gold. Located in the Singida Region, this project is expected to start production in 2023, with an initial output of around 32,000 ounces annually. Singida is part of Shanta’s broader expansion strategy in Tanzania, and it holds significant potential for future growth.

Tanzania’s gold mining sector is diverse and expansive, with a mix of large-scale operations, emerging projects, and smaller mines contributing to the country’s economic development.

From established giants like Geita and Bulyanhulu to emerging projects like Nyanzaga and Singida, Tanzania’s gold mines provide opportunities for investors, companies, and the local economy.

As the global demand for gold continues to rise, Tanzania is poised to remain a key player in the gold industry for years to come.

Gold Mines in Geita

The Geita region is home to some of the largest gold mines in Tanzania, including the renowned Geita Gold Mine, operated by AngloGold Ashanti. This region plays a vital role in the country’s gold output and is known for both large-scale and artisanal operations. Many international buyers source reliable Tanzanian gold from this area.

Gold Mining in Mwanza

Mwanza, located on the southern shores of Lake Victoria, is a key player in gold mining in Tanzania. It hosts several medium to large-scale mining companies and serves as a logistics and processing hub for nearby goldfields. The region attracts investors and buyers seeking to buy gold in Tanzania directly from mining areas.

Gold Mining in Shinyanga

Shinyanga is rich in natural resources, especially gold and diamonds. This area has long supported artisanal and small-scale gold mining (ASGM) alongside larger operations. Shinyanga’s mining communities contribute significantly to Tanzania’s local economy, making it an important area for sourcing affordable Tanzanian gold.

Gold Deposits in Lake Victoria Region

The Lake Victoria Gold Belt is one of Africa’s most prolific gold-producing zones, spanning Mwanza, Geita, and Shinyanga. These gold-rich belts are home to vast gold deposits in Tanzania, attracting both exploration companies and seasoned investors. If you’re looking to invest in Tanzanian gold, this region is a strategic hotspot.

Gold Mining Regions in Tanzania

Tanzania’s major gold mining regions include Geita, Mwanza, Shinyanga, Mara, and Tabora. These areas host a mix of large-scale mining companies and small-scale operations. Understanding these regions can help investors identify the best places to buy Tanzanian gold directly from the source.

Artisanal Gold Mining Tanzania

Artisanal gold mining in Tanzania plays a significant role in the country’s gold supply chain. Small-scale miners often use basic tools and techniques but contribute up to 40% of the national gold production.

These operations offer an entry point for investors looking for affordable gold in Tanzania while supporting local livelihoods.

Tanzania Gold Production Overview

Tanzania is a significant player in Africa’s gold mining sector, ranking as the continent’s fourth-largest producer and the world’s 18th-largest producer of gold .

In 2024, the country achieved a record gold production of 60,000 kilograms (60 metric tonnes), marking a 9% increase from 2023’s 55,000 kilograms .

This growth is attributed to several factors, including:

• Policy Reforms: The Tanzanian government has implemented favorable policies, such as reducing royalty fees from 6% to 4% and exempting sellers from the 1% inspection fee, thereby increasing profit margins for miners .

• Investment in Small-Scale Mining: Significant investments have been made to support small-scale miners, including loans totaling TZS 187 billion from July 2023 to March 2024.

• Infrastructure Development: Enhancements in mining infrastructure and processing facilities have improved efficiency and output.

The Geita Gold Mine, operated by AngloGold Ashanti, remains the largest contributor to Tanzania’s gold production, followed by other significant mines like Bulyanhulu and North Mara.

Looking ahead, Tanzania aims to continue its upward trajectory in gold production, with projections indicating sustained growth through 2027 .

For more detailed statistics and updates on Tanzania’s gold production, you can visit the official Tanzania Mining Commission website.

The Importance of Gold Mining in Tanzania

Gold mining has been integral to Tanzania’s economy for decades. The country is the fourth-largest gold producer in Africa, behind South Africa, Ghana, and Mali. With an annual output of roughly 50 tonnes, the Tanzanian gold sector plays a crucial role in generating revenue, employment, and foreign investment.

Tanzania’s mining industry is regulated by the Ministry of Minerals, and it follows strict guidelines to ensure sustainable and ethical mining practices.

Foreign and local companies operate within the country, and gold mining remains one of the primary industries driving Tanzania’s economic growth. Below is a comprehensive list of the most significant gold mines in Tanzania.

Gold Mining Companies in Tanzania

Tanzania is one of Africa’s largest gold producers, home to several major gold mining companies that contribute significantly to the country’s economy. Leading players include:

• Gold Fields Tanzania: A subsidiary of the global Gold Fields group, operating large-scale mines such as the Tarkwa Gold Mine with high output of 24K gold.

• AngloGold Ashanti Tanzania: One of the top gold miners, known for its Geita Gold Mine, which produces high-quality gold bars and contributes heavily to Tanzania’s gold exports.

• Acacia Mining (now part of Barrick Gold Corporation): Operates multiple mines including Bulyanhulu, North Mara, and Buzwagi, focusing on both gold nuggets and refined gold products.

• Shanta Gold: A mid-tier miner known for the New Luika Gold Mine, producing high-purity gold primarily for international markets.

• Resolute Mining Tanzania: Active in the Lake Victoria Goldfields, this company focuses on responsible gold mining with modern extraction techniques.

These companies operate under strict Tanzanian mining regulations, ensuring compliance with environmental standards and promoting sustainable gold production.

For investors looking to engage with Tanzania gold mining, these companies represent reliable partners in sourcing premium-quality gold.

Gold Mining Permits in Tanzania

In Tanzania, gold mining permits are regulated by the Mining Act, Cap 123, under the oversight of the Ministry of Minerals and the Tanzania Mining Commission.

1. Prospecting Licence (PL)

• Allows exploration of gold and other minerals within a specified area.

• Issued for 4 years, renewable twice (up to 9 years total).

• Applicants must submit a prospecting programme, environmental plan, maps, and proof of financial capacity.

2. Primary Mining Licence (PML)

• Designed for small-scale gold mining operations.

• Restricted to Tanzanian citizens or local companies.

• Valid for up to 7 years, renewable for a similar period .

3. Mining Licence (ML)

• Required when capital investment ranges between US $100,000 and $100 million.

• Grants exclusive rights to mine a defined area for up to 10 years, renewable once.

4. Special Mining Licence (SML)

• Issued for projects with investments over US $100 million.

• Allows long-term mining and development over larger regions .

Other Permit Categories

• Dealer Licence: Permits the purchase and export of gold, typically granted only to Tanzanian nationals or businesses where Tanzanians hold at least 25% ownership .

• Broker Licence: Allows buying and selling—but not exporting—and is also restricted to Tanzanians .

Application & Compliance Essentials

• Applicants must submit forms, fees, company documents, passport photos, local content plans, and environmental impact assessments .

• Environmental clearance from the National Environment Management Council (NEMC) is mandatory before licence issuance.

Gold Mines for Sale in Tanzania

1. A fully operational gold mining company in Mara (Kiabakari region) is available for acquisition, complete with a valid Mining Licence ML 578/2018 (valid until April 2028). The mine produces approximately 24,500 ounces annually and has a deposit potential of around 1 million ounces. Listing price: USD 22 million .

2. A large-scale mining operation in Mara (Kiabakari–Butiama) is offered for sale at USD 265 million. The site spans approximately 2,026 acres and includes all machinery, licenses, and infrastructure needed to continue production immediately.

3. A gold mining concession in Butiama, Mara Region, covering 25 acres with geological surveys and measured gold samples. Priced around USD 7 million (negotiable), this site includes valid documentation and is ready for investment .

4. A geologically surveyed gold mine near Geita (Nyamatagata village) comes with a Primary Mining Licence covering 120.44 hectares. Asking price: USD 1.5 million, negotiable in TZS, ideal for buyers with extraction capacity.

5. An early-stage gold mining project in Chunya district, featuring a Prospecting Licence (PL) over 2.28 km². The operation is undeveloped but approved for mining, with capacity potential of 45 kg/month. A partial stake (~20%) is available for USD 3–3.6 million

Tanzania Mining License Requirements

To operate legally, anyone involved in mining in Tanzania must obtain a valid license from the Tanzania Ministry of Minerals or the Mining Commission. The key licenses include:

• Prospecting License (PL)

• Primary Mining License (PML) – for Tanzanian citizens only

• Mining License (ML) – for medium to large-scale projects

• Special Mining License (SML) – for projects with investments above USD $100 million

Applicants must present:

• A certified company registration certificate

• Geological survey reports

• Environmental certificates

• A clear business and mine development plan

These mining license requirements in Tanzania are part of the government’s effort to formalize and regulate the sector.

Gold Export Laws Tanzania

Gold export laws in Tanzania require all gold to be refined and assayed before export. Exports must be authorized by the Mining Commission and routed through government-controlled gold trading hubs or registered exporters. Key regulations include:

• Gold must be accompanied by an export permit

• Royalties and taxes must be paid in advance

• Exporters must use authorized clearing agents

• The gold must pass through government-assigned mineral houses like the Central Bank-approved refinery or gold auction centers

These Tanzania gold export laws are designed to prevent smuggling and increase revenue transparency.

Gold Mine Ownership Laws Tanzania

According to the Mining Act of 2010 (amended in 2017), foreign investors can own gold mines in Tanzania under strict conditions. The law stipulates:

• Tanzanian citizens must own a minimum 16% free-carried interest in all mining companies

• The government reserves the right to acquire additional equity stakes

• Local content policies require prioritizing Tanzanian employment, suppliers, and services

These gold mine ownership laws in Tanzania aim to promote national participation and equitable benefit-sharing.

Mining Regulations in Tanzania

The mining regulations in Tanzania are governed by the Mining Act and enforced by the Mining Commission, which oversees:

• Licensing and compliance

• Environmental and health standards

• Mineral traceability and export documentation

• Dispute resolution mechanisms

• Local content requirements and corporate social responsibility

These regulations ensure that gold mining operations in Tanzania are carried out responsibly, sustainably, and legally.

Licensed Gold Mines in Tanzania

Tanzania is home to several licensed gold mines operating under valid mining permits. Some of the major ones include:

• Geita Gold Mine – owned by AngloGold Ashanti

• North Mara Gold Mine – operated by Barrick Gold

• Bulyanhulu Gold Mine – also under Barrick’s portfolio

• Buckreef Gold Project – owned by TRX Gold Corporation

• Shanta Gold’s New Luika Gold Mine

These licensed gold mines in Tanzania are regulated by the government and play a major role in the country’s gold export earnings.

Tanzania Gold Output 2025

Tanzania’s gold production has soared from 18,210 kg in 2021 to approximately 27,000 kg in 2025—a 40% increase, significantly boosting national mineral output.

Gold Price in Tanzania Today

As of mid‑July 2025, the 24K gold price in Tanzania is approximately 280,795 TZS per gram (~8,859,400 TZS per ounce) .

Using a rough exchange rate of 1 USD ≈ 2,610 TZS, this translates to about $107.60 USD per gram.

 1 kg Gold Price in Tanzania

• In 2025, Tanzania’s total gold output reached about 27 metric tonnes, up from 18.2 tonnes in 2021, reflecting robust sector growth.

• The current spot price for 24K gold is around 280,800 TZS/g, or about $107.60 USD/g.

• For 1 kg of gold, a 24K bar costs roughly 280 million TZS, equating to $107,500 USD.

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