DAR ES SALAAM, Feb. 15 -- WHEN Ambassador IGP (rtd) Simon Sirro, Chairman of the Board of Directors of the State Mining Corporation STAMICO, recently toured the corporations strategic mining projects, his message was clear, performance must match potential. The visit, which covered Buckreef Gold Mine and STAMIGOLD Mine, reflected not only oversight responsibility, but also a broader national push to strengthen public sector efficiency, profitability and accountability in Tanzanias mining industry.

At Buckreef Gold Mine, a joint venture in which STAMICO holds 45 percent ownership while Mbia owns 55 percent, Ambassador Sirro expressed satisfaction with the operational standards and management systems in place. Here, the mine has invested a...