Gold Mining In Tazania
Tazania is fast becoming a powerhouse when it comes to gold mining on the African continent. Gold reserves in the country are estimated at about 45 million ounces. About 50 tons of gold are mined each year in the country which makes it the fourh largest gold mining country on the continent after South Africa, Ghana and Mali. Gold mining and exports account for about 22% of GDP. Most of the gold is mined around the Lake Victoria basin, in the Greenstone belt. Tanzania exports gold mainly to South Africa, India and Switzerland.
Gold Mining Areas
Bulyanhulu Gold Mine
Bulyanhulu Gold Mine is an underground gold mine in the Shinyanga region of Northwestern Tanzania, located 55km south of Lake Victoria and operated by Acacia Mining. It commenced commercial production in 2001 and has produced over 3m oz of gold to date. In 2015, Acacia pulled out 273,552 oz of gold and aims at reaching 350,000 per year over the medium term.
Buzwagi Gold Mine
Buzwagi is an open pit gold mine in the Shinyanga region of Northwestern Tanzania, located 6km southeast from the town of Kahama in Tanzania. It commenced commercial production in 2009 and has produced over 1m oz of gold to date. In 2015, Acacia pulled out 171,172 oz of gold.
North Mara Gold Mine
The gold mine a combined open pit and underground gold mine in the Mara Region of Tanzania and also operated by Acacia Mining. North Mara commenced commercial production in 2002 and has produced over 2m oz of gold to date. In 2015, Acacia pulled out 287,178 oz of gold.
Geita Gold Mine
This mine is located in the Geita region of Northwestern Tanzania. Geita is an open pit gold mine and started operations in 2000, initially as a joint venture of AngloGold and Ashanti. Since 2000, the Geita gold mine has produced more than 3m oz of gold. In 2015, AngloGold Ashanti’s gold production out of Geita stood at 527,000 oz.
New Luika Gold Mine
New Luika is an active gold mine in the Mbeya region of Tanzania. In 2015, Shanta Gold produced 81,873 oz of gold out of New Luika. Golden Pride Gold Mine Golden Pride was an open pit gold mine located in the Tabora Region of Tanzania. Resolute, an Australian mining company, began construction of the Golden Pride mine in 1997 and operated the mine for 15 years producing more than 2.2m oz of gold.
Affordable Gold Mined In Tanzania
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