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Proposal for Tanzania to Develop LBMA-Grade Gold Refinery

Latest Tanzania mining news · Proposal for Tanzania to Develop LBMA-Grade Gold Refine… explained · updated Aug 21, 2026 · breaking news · latest updates · explained

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TLDR

  • A recent TBC program celebrated 60 years of the Bank of Tanzania, discussing gold as a government asset.
  • The program highlighted the differences between gold held abroad in foreign institutions and gold stored in the Bank of Tanzania's vaults.
  • Gold is recognized as a significant source of foreign exchange for the Tanzanian government.

Latest news excerpts & sources: Proposal for Tanzania to Develop LBMA-Grade Gold Refine…

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If the figures are correct, Tanzania might be among the top two gold producers in Africa. I also consider how the costs and procedures stack up against the potential value of Tanzanian gold if we had an LBMA facility operational yesterday.

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