Dar es Salaam. In a significant boost to Tanzania’s mining sector, the minister of Minerals, Anthony Mavunde, has held high-level talks with Marvel Gold’s Chief executive officer, Timothy Strong, regarding the planned investment in the gold project in Manyara Region.
Marvel Gold is an Australian-based mining firm that acquired the Hanang Gold Project early this year, covering an area of 230km2 within the Iramba-Sekenke Greenstone Belt.
Speaking during the talks on April 9, 2025, Mr Mavunde commended the investors for selecting Tanzania as their destination of choice and reaffirmed the government’s full support to facilitate the implementation of such strategic projects aimed at boosting the mining sector.
“I receive many investors with similar intentions, but the majority lack the commitment to follow through with their plans, often offering more words than tangible action,” he said.
However, he expressed confidence in Marvel Gold’s capacity and seriousness, noting that the company appears well-positioned to undertake a comprehensive exploration exercise which could result in the development of another significant gold mining operation in the country.
In his remarks, Mr Strong said Marvel Gold is preparing to invest substantially in Tanzania’s mining sector, with plans to develop a large-scale gold mine in Hanang’.
“We have chosen Tanzania because it is a peaceful and secure country, with a conducive environment for investment. We are particularly impressed by President Dr Samia Suluhu Hassan’s strong agenda to attract investment into Tanzania,” said Mr Strong.
He added that Marvel Gold intends to carry out an extensive exploration programme using aerial survey methods, to be followed by a full-scale mineral assessment.
The deep exploration phase is expected to commence in September 2025.
Marvel Gold’s leadership used the opportunity to formally introduce their presence and present their ambitious investment plan to the government.
