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Home Mining & Resources

Tanzania mineral sales near $3.3bn in just six months

FurtherAfrica by FurtherAfrica
September 29, 2026
in Development Finance, FA, Investment, Macroeconomics & Policy, Mining & Resources, Sovereign Debt, Tanzania
Reading Time: 4 mins read
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Tanzania mineral sales reached 7.78 trillion shillings (about US$3.3 billion) in the first half of 2026, signalling strong sector momentum backed by formal trading channels and central-bank gold purchases.

The result strengthens mining’s investment case. Licensed producers, regulated markets and an active central-bank buying scheme are all contributing to measurable sector growth.

Tanzania mineral sales approach 2025 total

The January-to-June figure equals 66.5 per cent of 2025’s full-year sales. Bank of Tanzania statistics recorded 11.7 trillion shillings across the whole of last year.

Fredy Liundi, deputy director general of TanTrade, announced the figures on 27 September. He spoke at the Ninth Mining Technology Exhibition in Geita.

Liundi linked the increase to stronger participation by licensed small, medium-sized and large-scale miners. Formal market access has also improved regulated trading and revenue collection.

The latest performance marks a clear rise from 2021. Annual mineral sales stood at about 7.2 trillion shillings that year, according to figures cited at the exhibition.

For investors, the data points to improving sector throughput. It also suggests that policy measures are drawing more production into monitored channels.

However, the final 2026 outcome will depend on prices, production volumes and sales during the second half. Gold remains central to the revenue trend.

What does the gold programme mean for investors?

The Bank of Tanzania has bought 34 tonnes of gold since 2024. The purchases total US$4.7 billion and came from licensed miners.

The central bank operates the buying scheme through its Domestic Gold Purchase Programme. The programme gives formal producers a dependable institutional buyer.

Glory Maembe, a senior financial analyst at the central bank, said the purchases lifted foreign-exchange reserves by US$2.05 billion. Reserves reached US$6.03 billion — enough to cover more than four months of imports.

The stronger buffer supports external liquidity and improves monetary policy flexibility. The programme also exceeded its current financial-year target: the bank planned to buy 20 tonnes but had already purchased 34 tonnes.

Tanzania’s mining performance sits within a broader East African minerals story. Neighbouring Mozambique has also recorded strong gains in ruby production in H1 2026, pointing to region-wide extraction momentum.

Geophysical surveys to cut exploration risk

Meanwhile, Tanzania plans to expand detailed geophysical surveys. Coverage should rise from 16 per cent of the country’s land area to 50 per cent by 2030.

Deputy minerals minister Steven Kiruswa said better geological data should identify mineral-bearing areas. It should also lower exploration costs for small-scale miners.

That expansion could improve project screening and reduce early-stage geological risk. It may also widen opportunities beyond established gold operations.

Tanzania’s half-year mining revenues already matching two-thirds of last year’s total signals that formal-sector discipline and institutional demand are compounding — a combination that rarely reverses quickly once embedded.

For investors, the next signals are clear. Watch survey delivery, formal-sector volumes and central-bank purchases. Together, they will show whether Tanzania can convert current momentum into durable mining investment.

Quick answers
How much did Tanzania earn from mineral sales in the first half of 2026?

Tanzania’s mineral sales reached 7.78 trillion shillings (approximately US$3.3 billion) between January and June 2026, equal to 66.5 per cent of the country’s full-year 2025 total of 11.7 trillion shillings.

How much gold has the Bank of Tanzania purchased through its domestic gold programme?

The Bank of Tanzania has purchased 34 tonnes of gold from licensed miners since 2024, totalling US$4.7 billion — well above its financial-year target of 20 tonnes.

What is Tanzania’s plan to expand mineral exploration by 2030?

Tanzania plans to increase geophysical survey coverage from 16 per cent to 50 per cent of the country’s land area by 2030, with the aim of identifying new mineral-bearing zones and lowering exploration costs for small-scale miners.

Related

Tags: 2026 outlookBank of Tanzaniacentral bank gold purchasescommodity marketsdevelopment financeDomestic Gold Purchase ProgrammeEast Africaexplorationforeign exchange reservesformal sectorFredy LiundiGeitageophysical surveysGlory Maembegoldinvestmentlicensed minersmineral exportsmineral revenuesMiningmonetary policyNatural Resourcesreservessmall-scale miningSteven Kiruswasub-Saharan AfricaTanTradeTanzaniaTanzania mineral salesTrade
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