Thursday, 12 December 2013

TANZANIA is a 4th Largest Gold Producer in Africa

 
 
Tanzania is the 4th largest gold producer in Africa after South Africa, Ghana and Mali. Gold production currently stands at roughly 40 tonnes a year, copper at 2980 tonnes, silver at 10 tonnes and diamond at 112670 carats. In total the mining sector contributes 2.8% to GDP each year but this could rise considerably in future years, with Business Monitor International (BMI) forecasting average annual growth in the sector of 7.7% between 2011 and 2015. BMI also predict a doubling in value of the sector between 2010 and 2015, from US$0.64bn to US$1.28bn

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