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According to Austrade’s 2024 research, 12 Australian companies have committed over USD 26 million towards exploration activities in Tanzania, showcasing Australia’s confidence in the future of Tanzania’s mining industry
The Australian High Commission said recently that mining contracts signed with Australian companies in the past two years are valued at over Sh10 trillion (USD 3.6 billion), according to a recent estimate from the Tanzanian government.
The Australian High Commission’s Trade Commissioner for Africa, Mr Scott Morriss, made this statement during the Australian Tanzania Mining Breakfast panel discussion event held in the city.
He acknowledged that while the number of Australian mining companies and the volume of investment may fluctuate over time, this investment reflects Australia’s strong commitment to connecting its world-leading technology, equipment, and expertise in mining with Tanzanian companies.
According to Austrade’s 2024 research, 12 Australian companies have committed over US$26 million towards exploration activities in Tanzania, showcasing Australia’s confidence in the future of Tanzania’s mining industry.
Australian companies are also deeply involved in education and skills training for local communities near mining operations. This includes K-12 Africa-focused digital education to postgraduate engineering qualifications earned online, as well as specialized training in mine site safety and machinery operations.
He further emphasized that Australian mining companies are actively helping transform African mining operations into world leaders. Over 65 per cent of Australian Mining, Equipment, Technology, and Services (METS) companies export to overseas mining destinations, with approximately one-third of these exports are directed to Africa.
In 2020, Australian METS companies earned AUD 114 billion globally, operating with resilient supply chains adaptable to customer needs worldwide.
Australian METS companies are renowned for solving some of the toughest challenges in harsh mining environments, ranging from large-scale open-pit mines in the Kalahari Copper Belt to underground gold mining in Northern Canada’s sub-zero temperatures.
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These companies have been at the forefront of innovative technologies and approaches, including improved water management practices and post-life-of-mine industries that benefit local communities long after mines close.
