Mining in Tanzania

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Browsing Mining in Tanzania by Subject "Economic growth"

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    Mining in Tanzania – What future can we expect? The challenge of mineral wealth: using resource endowments to foster sustainable development.
    (International Council on Mining and Metals (ICMM), 2009) Roe, Alan; Essex, Mark
    This paper is the latest in a series on mining and its social and economic impacts that have been prepared under the auspices of the Resource Endowments initiative (REi) of the International Council of Mining and Metals (ICMM). It provides an objective basis to help the Tanzanian government to examine the debate between (1) the need to encourage the mining sector as a dynamic contributor to economic growth and (2) the alleged failure of the mining sector to contribute sufficient revenue to the public purse and to make an appropriately large socioeconomic contribution to local communities. In doing so, it represents an input into government decision-making regarding the Bomani Committee Report and other recent suggestions for reforming the sector.
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    The mining industry and the future development of Tanzania
    (ECONOMIC AND SOCIAL RESEARCH FOUNDATION (ESRF), 2002) Campenhout, Bjorn Van
    One would be inclined to think that the possession of significant natural resource reserves is a blessing. This would especially be so for developing countries; it provides them with the necessary foreign currency and potentially increases savings, making natural resources the key to economic growth. But the reality seems different. Researchers have been discovering a very robust negative relationship between different measures of development and different measures of resource endowments. Only recently, this negative relationship has been questioned. It is argued that the relationship between growth and natural resources is a complex one, and the significant negative relationship is attributed to the use of weak data. Tanzania has a considerable stock of natural resources. Given the liberalisation efforts of the government started in 1986 and the economic globalisation, these natural reserves are likely to be exploited in the near future. The government is heavily encouraging private investment in the sector, and the first signs of an upcoming boom are there. Bearing in mind the above facts, one might ask whether Tanzanians should be happy or be afraid.
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    Mining to speed up economic growth in Tanzania
    (THE CITIZEN, 2013) Kasumuni, Ludger
    The contribution of the mining sector to Tanzania’s economy is set to increase tremendously in the next five years as several new major mines go into production, Tanzania Chamber of Minerals and Energy (TCEM) predicts. Currently, the sector contributes an estimated 3.5 per cent to Tanzania’s gross domestic product. Statistics from the TCME report shows that between 1997 and 2011 a total of $10.1billion (Sh16 trillion) worth of minerals were sold by the chamber’s 60 members.