STAMICO plans three new mines

The State Mining Corporation (STAMICO) has announced plans to develop three new mines in Tanzania. The project includes two gold mines and one graphite mine, marking a strategic effort by the state-owned entity to increase mineral production and bolster its investment portfolio.

This expansion is intended to enhance domestic participation within the Tanzanian mining sector. The initiative follows a period of improved operational performance for the corporation, providing the necessary foundation for these new mining ventures.