Mavunde tables Ministry of Minerals’ 231.9bn/- spending plan

DODOMA: Minister for Minerals, Mr. Anthony Mavunde, tabled his docket’s 2024/25 spending plan on Tuesday, seeking lawmakers’ approval for a total of 231.9bn/-.

Describing the figure, Mr. Mavunde stated that a total of 140bn/- will be spent on development projects, while 91bn/- is allocated for recurrent expenses.

Detailing the areas of implementation, the minister emphasized one of their priorities: ensuring that the Ministry conducts extensive geophysical research so that by 2030, they should have reached at least 50 percent.

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“The Ministry, through the Geological Survey of Tanzania (GST), will continue to conduct detailed geophysical research using modern technology to identify rock characteristics and facilitate other geoscience studies that will enable the identification of various types of minerals available in the country,” Mr. Mavunde said.

Stressing the sector’s vitality in the country, he noted that from July 2023 to March 2024, a total of 4,115.22 carats of diamond ore, 19,728.45 carats, and 35.43 tonnes of tanzanite ore, along with 86,920.09 carats and 45,875.42 tonnes of other gem minerals, were traded at the mineral markets.

Additionally, he highlighted one of the ministry’s budget achievements: its contribution to the Gross Domestic Product (GDP). He stated that the ministry’s contribution to the national income increased to 9.1 percent in 2022 compared to 7.3 percent in 2021.

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