Tanzania participated in the Prospectors and Developers Association of Canada (PDAC) Convention on March 3 – 6, 2024, to showcase and promote the country's Minerals Sector investment opportunities in Canada.

 

PDAC is the World's Premier Mineral Exploration and Mining Convention in North America, attracting up to 30,000 visitors annually in Canada. More than 1,100 exhibitors attended the Convention to showcase various products and services in the Sector.

 

Most visitors to Tanzania's booth during the Convention showed interest in investment procedures in the Minerals Sector, such as the types of licenses and permits. Other visitors were looking for information on the type of critical minerals available in Tanzania, especially graphite, and the current projects for developing those minerals. 

 

Tanzania also had an opportunity to present investment opportunities in the Sector during the focused African countries seminars organized by MineAfrica Inc. The head of Tanzania's delegation to the PDAC 2024, the Managing Director for the State Mining Corporation (STAMICO), Dr. Venance Mwasse, in his presentation, pointed out that "the country's geological setup that provides a wide range of minerals that can not be found anywhere in the world, has always been one among many reasons that attract FDI in the Sector."

 

According to Dr. Mwasse, more research will lead to more discoveries of minerals in the country due to its geological setup, especially critical minerals, as the world is now focusing on the transition to clean energy.

 

He also added that Tanzania is trusted by big mining companies worldwide, such as Barrick Gold Corporation, which is itself an excellent testimony to the potential for investing in the Sector in any area of interest.

 

On another note, Mr. Terence Ngole, Commissioner Assistant for Development of Mines, Ministry of Minerals Tanzania, had an opportunity to present on graphite projects development in Tanzania and propose ways to increase global production to diversify its supply. Mr. Ngole, in his presentation at the Minerals Security Partnership on Global Graphite Supply Chain organized by the Ministry of Foreign Affairs South Korea on March 4, 2024, at the Chelsea Hotel, Toronto, added that Tanzania is now emphasizing the critical minerals exploration, mining, and value addition due its high global demand.

 

The Convention also served as a platform for Tanzania's delegation to meet delegations from other countries outside Canada that show interest in the Sector's opportunities, such as the Ministry of Mines India and the United States Bureau of Energy Resources.