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Gold bonanza forecast

Analysts are tipping Tanzania as the new star of African mineral producers, according to the Financial Times. Last year Tanzania attracted more capital expenditure than any other African country. Its first gold mine, Golden Pride, is to open this weekend. It should produce some 180,000 ounces a year initially. But it will soon be dwarfed by Bulyanhulu, which is forecast to yield more than 300,000 ounces annually by the year 2,000. When all new projects are on stream, Tanzania is expected to produce 1 million ounces of gold a year.

This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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