Tanzania is projected to rank sixth globally and third in Africa for graphite mining by 2050, according to a World Bank report and US Geological Survey data. Currently holding an estimated 5% of the world’s graphite reserves, or approximately 323.8 million tonnes, the country is poised to benefit from the growing demand for graphite, driven by the expansion of the lithium-ion battery market and other technological advancements.
At the Africa Critical Minerals Summit in Cape Town, Dr. Venance Mwasse, Managing Director of the State Mining Corporation (STAMICO), highlighted Tanzania’s Mining Vision 2030, which aims to de-risk investments through extensive geological research and increased exploration coverage. The initiative seeks to attract investors by reducing start-up times and ensuring resource viability.
Dr. Mwasse also emphasized the importance of regional collaboration, citing the Kabanga Nickel smelter project in Kahama, which will allow Tanzania and neighboring countries like Burundi and the Democratic Republic of Congo to locally process critical minerals. He called for stronger partnerships among African nations to enhance the continent’s role in the global mining sector.
Tanzania’s graphite projects, including Lindi Jumbo, Bunyu, Chilalo, and Mahenge, are progressing through various stages of development, aligning with the country’s mining ambitions. With graphite demand expected to grow nearly 500% by 2050, Tanzania is well-positioned to capitalize on its vast reserves and become a key player in the global market.
