Investment by Falcone Sovereign Wealth Fund Partnership Inc. in Tanzanian Small-Scale Mining

TLDR

• DAR ES SALAAM: SMALL-SCALE miners in Tanzania are set to benefit from new opportunities in financing, modern mining equipment and advanced technology following plans by US-based Falcone Sovereign Wealth Fund Partnership.
• Speaking at the meeting, Dr Kiruswa commended Falcone Sovereign Wealth Fund Partnership Inc. for its decision to channel investment towards Tanzania’s small-scale miners, saying the initiative would enhance mineral.
• He said investments that empower small-scale miners generate significant benefits because the income derived from their mining activities remains within the country, stimulating economic growth, creating jobs and.
• Meanwhile, Falcone Sovereign Wealth Fund Partnership Inc.
• Managing Director Nicholas Dalessandro said the company will begin implementing its investment programme by partnering with small-scale miners in Chunya District before expanding its operations to other mining areas.