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Investment Estimates for Establishing LBMA-Standard Gold Refinery in Tanzania

Latest Tanzania economy news · Investment Estimates for Establishing LBMA-Standard Gol… explained · updated Aug 21, 2026 · economy news · GDP · investment

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TLDR

  • A recent TBC program highlighted the importance of gold as a government asset for generating foreign exchange in Tanzania.
  • The Bank of Tanzania (BoT) discussed the differences between gold held abroad and gold stored in its own vaults.
  • The program was part of the celebrations for the 60th anniversary of the Bank of Tanzania.
  • Insights were provided by the central bank's senior management during the interview.

Latest news excerpts & sources: Investment Estimates for Establishing LBMA-Standard Gol…

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For a modest Tanzanian refinery aiming for around 100–200 kg/ day, an initial capital estimate could be about 20 million US dollars to 50 million US dollars. A larger 300–500 kg/day facility, intended for international markets, might need roughly 40 million US dollars to 80 million US dollars or more.

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