Tanzania

Tanzania Mining

Gold is the primary driver of the mining industry in this nation of abundant mineral resources

Since a major over-haul in the country's mining act in 1998, Tanzania has been the focus of some of the largest mining companies in the World. Major gold mining companies operating in the country include African Barrick (London - ABG.L), AngloGold Ashanti (NYSE -- AU) and Resolute Mining (Australia -- RSG.AX). Tanzania is the fourth largest gold producer in Africa with a 2009 output of 50 metric tons. South Africa (240 mt), Ghana (80 mt) and Mali (60 mt) are the top three producers. Tanzania has substantial reserves of minerals including copper, nickel, iron, coal, uranium, diamonds and a wide variety of gemstones such as ruby, sapphire, emerald, alexandrite and Tanzanite (only found and mined in Tanzania).

Resource Companies with Active Operations in Tanzania

African Barrick - LSE:ABG.L
AngloGold Ashanti - NYSE:AU
Continental Nickel - TSX: CNI.V
Tanzanian Royalty - Amex: TRE
Uranium One - Toronto: UUU.TO
Helio Resource Corp - TSXV: HRC
MDN Inc - TSXV: MDN.TO
Midlands Minerals - TSX: MEX.V
Canaco Resources - TSX: CAN.V
Handeni Gold - OTC: HNDI
Resolute Mining - Australia: RSG.AX
Shanta Gold - LSE: SHG.L
Richland Resources (Tanzanite One) - LSE: RLD.L
and soon
Ruby Creek Resources - OTC: RBYC