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Country overview

Key facts

GDP: $79.29 billion (2013 estimate)
GDP growth: 7% (2013 estimate)
Population: 49.6 million (2014 estimate)
Major industries: agriculture, financial services, trade and tourism, manufacturing, mining
Exports: gold, coffee, cashew nuts, manufactured cotton
Natural Resources: hydropower, tin, phosphates, iron ore, coal, diamonds, gemstones, gold, natural gas, nickel
Major trading partners: India, China, Japan, Netherlands, UAE, Germany
Government: republic, democratically elected government
Political stability: the Tanzanians’ sense of nationalism has served to keep the country at peace for over two decades, with strong inter-African relations

Mineral regime

From having no mechanized mining in 1994, Tanzania has emerged as Africa's fourth largest gold producer. Tanzania continues to be renowned for its abundance of unexploited mineral reserves. Apart from gold; diamonds, nickel and gemstones also play key roles in the country's growing minerals industry. Tanzania has an established legal and regulatory framework within which mining companies can work securely. The mining industry contributes to over 10% of the GDP. Mining royalties include 4% on metallic minerals.

Significant operators in the country include African Barrick, Resolute Mining and AngloGold Ashanti.