Sustainable Management of Mineral Resources

closed

The objective of the Sustainable Management of Mineral Resources Project for Tanzania is to strengthen the Government's capacity to manage the mineral sector to improve the socioeconomic impacts of large and small-scale mining for Tanzania and Tanzanians and enhance private local and foreign investment. There are four components to the project, the first component being improving the benefits of the mineral sector for Tanzania: artisanal and small-scale mining (ASM), local economic development, and skills development. This component's main objective is to improve the benefits of mining for Tanzania and Tanzanians by implementing the national ASM development strategy, to strengthen links between the mineral sector and the local economy, and skills development required for the mineral sector. The second component is the strengthening governance and transparency in mining. The third component is the stimulating mineral sector investment. The three subcomponents include: (i) strengthening the geological survey of Tanzania and updating, maintaining and developing geoscientific data and products; (ii) financing a strategic assessment of state mining corporation (STAMICO), the state-owned mining company, exploring existing institutional capacity and options for self-financing, as a precondition for its future role with the private sector for both large and small-scale opportunities; (iii) strengthening mineral resources promotion, statistics development, and communication. Finally, the fourth component is the project coordination and management.