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Shanta Gold is a low cost gold producer with significant resource upside, within and surrounding its New Luika Gold Mine, with additional development opportunities in Tanzania

Operations

Shanta Gold's portfolio of properties includes prospecting licences which cover a total surface of over 1,500 km2.

Mining licences are held at both New Luika and Singida and mining production commenced at New Luika in August 2012.

 

About Tanzania

With its abundance of natural resources, thriving economy and booming tourism industry, Tanzania is an attractive country for business and investment.

Investor-friendly mining laws and favourable tax rules have enabled mining to become one of the fastest growing sectors in Tanzania, in terms of contributions to GDP and exports. Tanzania also has developed a sophisticated infrastructure system - roads, rail network, ports, two international airports and good telecommunications.

Gold mining has been prominent in Tanzania for more than a century and Tanzania is Africa's fourth largest gold producing country. Nonetheless, the country remains under-explored in comparison with other gold producers of its size and there is therefore a high probability of future discoveries.

Key facts:

Location:
Eastern Africa, bordering the Indian Ocean, between Kenya and Mozambique
Population:
52 million (2014 census)
Area:
945,087 km² (2 x size of California)
Natural resources:
gold, diamonds, gemstones, natural gas, iron ore, coal, nickel, tin, phosphates, soda ash and salt
Geography:
Kilimanjaro is highest point in Africa, bordered by three of the largest lakes on the continent: Lake Victoria, Lake Tanganyika, and Lake Nyasa
GDP
$46 Billion