TANZANIA IS A RESOURCE BLESSED OR RESOURCES CURSE?

Edwin  Soko
Independent Journalist

Tanzania  is  a  resource   blessed   or  resources  curse ?

A country’s mineral wealth should be a blessing for its people. However, experience in various countries has shown that the endowment with mineral wealth can prove to be very problematic instead – a phenomenon known as the “resource curse”.

In recent years, discovery and exploitation of minerals in Eastern Africa has rapidly expanded. This raises questions and concerns about their impact on the future of the region.

Program    manager    from  governance   link  Mr. Pentalione   Shoki,  said  that,  Tanzania is a relatively late arrival to large-scale mining, the history and current status of discovery and exploitation of mineral resources in Tanzania, about the socio-economic implications, and about the legal and political framework in which mining in Tanzania operates.

Shoki  added    that, if timely investments are made in promoting and implementing good practices in the mining sector, the problems that have plagued other resource-rich countries can be avoided in East Africa.

Tanzania   is  a land   rich   in minerals, mining   makes  up   more  than 50% of  the  country’s total   export   of  which   a  large   part  comes   from  gold,  The  country   has   gold   reserves  of  45  million  ounce, generating   revenue   of  over   a  billion USD.  Diamond  are  also   found   in significant   amounts, since   it was   opened in 1940.

William   diamond   mine  has  produced  19 million  carats (3.800) of  diamond,  Gemstones, nickel, copper, uranium, ka0lin, titanium, cobalt and  platinum  are  also mined  in Tanzania.

Apart  from having  resources   blessed but  the    Tanzanian’s government  has  role to  perform  on deciding  whether   Tanzania  is  resources   blessed  or  resource   course

Tupe maoni yako