14 Memoranda of Understanding Signed with Mining Investors

TLDR

• Bank of Tanzania Domestic Gold Purchase Programme BOT launched its Domestic Gold Purchase Programme on 1st October 2024 to implement the 20% gold purchase commitment set out in Section 59 of the Mining Act (Cap 123).
• Tanzania produced 67.8 tonnes of gold valued at TZS 18.4 trillion during the 2025/26 financial year, with 28,701 kilograms sold through the country’s five domestic gold refineries.
• In addition, it has signed 14 Memoranda of Understanding (MoUs) with investors whose mining projects have yet to reach production, while continuing to expand access to financing for qualified small-scale miners.
• The Government has signed 14 Memoranda of Understanding (MoUs) with investors whose mining projects have yet to reach production.
• Under the programme, gold sellers deliver their gold to one of three BOT-designated refineries, after which BOT pays out within 24 hours and covers all refining costs.