Prior to the anticipated start of commercial gold production in the first quarter of 2027, Tanzania’s economy has already benefited from the multibillion-dollar Nyanzaga Gold Project, which has already contributed 457.7 billion/-.
Perseus Mining, via its subsidiary Sotta Mining Corporation Limited, is the owner of the Sengerema-based project in the Mwanza Region. The project paid 60.7 billion in taxes and other legal responsibilities, paid 25.1 billion in pay and employee benefits, and spent 371.6 billion on purchases from Tanzanian vendors between July 2024 and March 2026. Furthermore, 305 million was allocated to community development projects.
According to Isaac Lupokela, Country Manager at Sotta Mining Corporation, the investment shows the project’s dedication to making sure that mining produces observable social and economic benefits even before commercial production starts.
“Creating long-term value for local communities and the Tanzanian economy is a key component of our commitment to ethical and sustainable mining.” The Nyanzaga Gold Project’s advantages go far beyond the mining of gold in the future, he stated.
More than 3,600 people are currently employed at the project site as a result of the mine’s construction activities. This comprises 281 direct workers, many of whom were hired from host communities and the majority of them are Tanzanian citizens.
After production starts, the Nyanzaga Gold Project is anticipated to last for at least 16 years and contain an estimated four million ounces of gold reserves. In addition to helping Tanzania’s Development Vision 2050, which names mining as a major force behind economic transformation, it is anticipated to create long-term jobs, government revenue, and business prospects.
Eighty percent of the project is owned by Perseus Mining, and the remaining twenty percent is owned by the Tanzanian government through its collaboration with Sotta Mining Corporation Limited.
