Tanzania's $1 billion Mkuju River uranium project gains momentum following Russia's renewed support and President Hassan's Moscow visit, potentially positioning Tanzania as a leading African uranium producer with annual output reaching 3,000 tons.
African leaders are pushing urgent local mineral processing to capture more value from the continent's vast reserves, with Tanzania's mineral exports rising 20% to $2.5 billion in 2025 through domestic refining policies.
Government acquires 16 percent stake in graphite project
Tanzania revoked 40 exploration permits and issued 30-day compliance notices to 43 additional operators in 2026, tightening mining license control to eliminate dormant assets, enforce local content requirements, and redistribute opportunities to domestic investors.
Tanzania's mining sector growth is hindered by a financing gap for mid-sized projects, estimated at $10-50 million.
Planet One Group signed a joint venture with Tanzania's state mining company to develop three graphite concessions in Mererani, diversifying its African mining portfolio and capitalizing on graphite's critical role in global energy transition applications.