The global mining fraternity will later this year descend on East Africa to see what the region has to offer in terms of natural resources and what can be done in terms of exploration, production and mineral trade.
The Minexpo Africa is holding two high level mining expos, one in Kenya and another in Tanzania to expose the region to the world as a budding investment destination.
Minexpo Africa Kenya and Minexpo Africa Tanzania will take place 10 - 12 June, 2016, at The Dome,Nairobi - Kenya and on 02 - 04 July, 2016 at Mlimani Conference Centre, Dar-es-Salaam respectively.
The expos, taking two days each, will showcase some of the latest technology in the mining & processing of minerals, earthmoving, safety equipment and much more that can be used in industry within the region.
Tanzania's mining industry is expected to reach $1.28 billion in 2015 according to a study by Business Monitor International (BMI). This means the country needs ample preparations, technology, know-how to handle the boom.
The country is the 4th largest gold producer in Africa after South Africa, Ghana and Mali. Gold production currently stands at roughly 40 tonnes a year, copper at 2980 tonnes, silver at 10 tonnes and diamond at 112670 carats.
In total the mining sector contributes 2.8% to GDP each year but this could rise considerably in future years, with Business Monitor International (BMI) forecasting average annual growth in the sector of 7.7% between 2011 and 2016. BMI also predict a doubling in value of the sector between 2010 and 2016, from US$0.64bn to US$1.28bn.
Minerals that have been identified in Tanzania include gold, iron ore, nickel, copper, cobalt, silver, diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate, coal, uranium, gravel, sand and dimension stones. Read more about Tanzania.
The Minexpo Africa is the only show with the widest range of the latest technology in the mining & processing of minerals Industry. The events will satisfy the expectations of clients to the mining companies. Latest technology and machinery from the areas of mineral extraction, earthmoving, safety equipment and much more, are presented.
The exhibition provides a common platform for both local and international exhibitors, professionals, buyers and delegates who share a common outlook in the industry. Mining is one of the core sectors that drives growth in the East African continent in terms of infrastructure and economy.
Not only does it contribute to GDP, but acts as a catalyst for the growth in other industries such as constructions, power & energy and industrialization.
The future of the mining sector in Africa lies in laying emphasis on scientific mining so that state of the art technology & machinery is used for exploration, efficiency and safe mining practices.
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