Tanzania is rich in mineral resources. There are 8 greenstone belts. Most of the strata are Archean rocks. Nearly 100 tons of gold have been produced in history.
The main minerals that have been identified include gold, diamond, iron, nickel, uranium, phosphate, and coal. And various gems such as Tanzanian, which are becoming more and more popular, rank fifth in Africa in total.
The main proven minerals and reserves are 2.5 million tons of diamonds (content 6.5 carats/ton), 800,000 tons of gold mines, 324 million tons of coal, 130 million tons of iron, 10 million tons of phosphates, and 190010,000 tons, 5.7 trillion cubic meters of natural gas, and 1.529 billion cubic meters of helium.
Except for gold mines, other mineral deposits have yet to be fully developed. There are several areas with good oil storage prospects in the mainland, Zanzibar, and offshore waters. At present, many mining companies have registered in Tanzania, mainly relying on foreign funds and technology, most of which are engaged in gold development.
In addition, companies from Australia, Canada, Ireland, and other countries are engaged in oil exploration in Tanzania; the World Bank, European Investment Bank, etc. funded the development of the Songo Songo gas field (proved 30 billion cubic meters) in Tanzania, and the Canadian Pipeline Company is responsible for the construction; there is the United StatesThe company is planning to build natural gas power plants and transmission lines in the Mtwara area; another foreign company is discussing with the Tanzanian side the feasibility of developing the Munasi Bay gas field project (proved reserves of 15 billion cubic meters).
In recent years, Tanzania has discovered natural gas, with proven reserves of 54 trillion cubic feet. The total reserves are expected to reach at least 200 trillion cubic feet. It is expected to gradually form a natural gas industrial chain and inject vitality into Tanzania’s mid- and long-term economic development.