Business

Tanzania Issues 8,501 Mining Licences in 2024–2025, Revokes 14, and Warns 95 More for Inactivity

  • May 7, 2025
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Between July 2024 and March 2025, Tanzania issued 8,501 mining licences and revoked 14 for non-compliance. The Ministry of Minerals also warned 95 large- and medium-scale licence holders to justify inactivity by May 13, 2025, or face cancellation, as seven dormant licences represent a potential TZS 15 trillion investment. The figure represents progress towards the […]

Business

Tanzania Concludes Wigu Hill Rare Earth Project Litigation with Final Payment

  • March 7, 2025
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Tanzania has completed its US$27 million settlement with Montero over the expropriation of the Wigu Hill rare earth project. With the final US$7 million payment received, both parties will now request the formal discontinuation of ICSID arbitration, marking the conclusion of the dispute. This payment is expected to bring the arbitration before the International Centre […]