DODOMA, May 21 -- THE State Mining Corporation (STAMICO) has announced its strategic shift towards large-scale investments in critical and strategic minerals, as part of efforts to position itself as a major player in Tanzanias mineral sector.

The move comes after the corporation achieved a major milestone becoming 100 per cent financially independent from the government and contributing 9bn/- in dividends to the state.

The announcement follows the recent approval of the Ministry of Minerals 2025/2026 budget by the august House, which prioritizes strengthening the ministrys institutions and expanding the value chain of critical and strategic minerals.

During a recent high-level meeting chaired by Minister of Minerals Anthony Mavunde, S...