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Perseus Mining Injects 457.7bn/ - Into Tz Ahead of Gold Output Mwanza, Jun 29, 2026 (Tanzania Daily News/All Africa Global Media via COMTEX) -- THE multi-billion-dollar Nyanzaga Gold Project has already injected 457.7bn/- into Tanzania's economy, ahead of the start of commercialgoldproduction, expected in the first quarter of 2027. The Sengerema-based project in Mwanza Region is owned by Perseus Mining through its subsidiary Sotta Mining Corporation Limited. Between July 2024 and March 2026, the project spent 371.6bn/- on procurement from Tanzanian suppliers, paid 60.7bn/- in taxes and other statutory obligations, and distributed 25.1bn/- in wages and employee benefits. In addition, 305m/- was invested in community development initiatives. Sotta Mining Corporation Country Manager, Isaac Lupokela, said the investment demonstrates the project's commitment to ensuring that mining delivers tangible economic and social benefits even before commercial production begins. "As part of our commitment to responsible and sustainable mining, we are focused on creating lasting value for local communities and the Tanzanian economy. The benefits of the Nyanzaga Gold Project extend well beyond…

Tanzania: Perseus Mining Injects 457.7bn/ - Into Tz Ahead of Gold ... Mwanza — THE multi-billion-dollar Nyanzaga Gold Project has already injected 457.7bn/- into Tanzania's economy, ahead of the start of commercial gold production, expected in the first quarter of 2027. The Sengerema-based project in Mwanza Region is owned by Perseus Mining through its subsidiary Sotta Mining Corporation Limited. Between July 2024 and March 2026, the project spent 371.6bn/- on procurement from Tanzanian suppliers, paid 60.7bn/- in taxes and other statutory obligations, and distributed 25.1bn/- in wages and employee benefits. In addition, 305m/- was invested in community development initiatives. Sotta Mining Corporation Country Manager, Isaac Lupokela, said the investment demonstrates the project's commitment to ensuring that mining delivers tangible economic and social benefits even before commercial production begins. "As part of our commitment to responsible and sustainable mining, we are focused on creating lasting value for local communities and the Tanzanian economy. The benefits of the Nyanzaga Gold Project extend well beyond future gold production," he said. Follow us onWhatsApp|LinkedI…

Perseus Mining Injects 457.7bn/ - Into Tz Ahead of Gold Output Perseus Mining Injects 457.7bn/ - Into Tz Ahead of Gold Output Published on 06/29/2026 at 09:06 am EDT Acquiremedia Share PERSEUS MINING LIMITED +0.19% Source: Tanzania Daily News THE multi-billion-dollar Nyanzaga Gold Project has already injected 457.7bn/- into Tanzania's economy, ahead of the start of commercial gold production, expected in the first quarter of 2027. The Sengerema-based project in Mwanza Region is owned by Perseus Mining through its subsidiary Sotta Mining Corporation Limited . Between July 2024 and March 2026 , the project spent 371.6bn/- on procurement from Tanzanian suppliers, paid 60.7bn/- in taxes and other statutory obligations, and distributed 25.1bn/- in wages and employee benefits. In addition, 305m/- was invested in community development initiatives. Sotta Mining Corporation Country Manager, Isaac Lupokela , said the investment demonstrates the project's commitment to ensuring that mining delivers tangible economic and social benefits even before commercial production begins. "As part of our commitment to responsible and sustainable mining, we are focused on creating las…

Perseus Sh457.7 billion investment set to boost jobs, revenue in Tanzania ByThe Citizen Reporter Media/news company Mwananchi Communications Limited Dar es Salaam.Australia’s Perseus Mining says it has injected more than Sh457.7 billion into Tanzania’s economy ahead of the start of commercial production at the Nyanzaga Gold Project, scheduled for the first quarter of 2027. The company, through its subsidiary Sotta Mining Corporation Limited, said the investment was made between July 2024 and March 2026 as construction of the gold mine in Sengerema District, Mwanza Region, continues. It said Sh371.6 billion was spent on goods and services sourced from Tanzanian suppliers, while Sh60.7 billion was paid to the government in taxes and other statutory obligations. A further Sh25.1 billion went to employees’ salaries and benefits, with Sh305 million directed to community development projects. Sotta Mining Corporation Country Manager Isaac Lupokela said the figures reflect the project’s commitment to generating economic and social benefits ahead of production. “As part of our commitment to responsible and sustainable mining, we are focused on creating lasting value for local commu…

Tanzania: Perseus Mining Injects 457.7bn/ - Into Tz Ahead of Gold Output [Daily News] Mwanza -- THE multi-billion-dollar Nyanzaga Gold Project has already injected 457.7bn/- into Tanzania's economy, ahead of the start of commercial gold production, expected in the first quarter of 2027.

Perseus Tanzania Gold Mine Boosts Reserves 73% to 4M Oz BYMUFLIH HIDAYATON FEBRUARY 20, 2026 Perseus Mining's strategic development of the Nyanzaga gold project represents a watershed moment for East African mining investment, as the Perseus Tanzania gold mine Nyanzaga reserves increase demonstrates the significant potential within previously underexplored geological terranes. This transformative project marks Tanzania's return to large-scale gold mining operations after an 18-year hiatus, positioning the nation as an emerging focal point for international mining capital allocation across the continent. The African mining landscape is undergoing a profound transformation as capital allocation patterns shift across the continent, driven by evolving political stability metrics, regulatory frameworks, and resource discovery potential. Traditional West African gold corridors face increasing competition from emerging East African opportunities, where geological surveys indicate substantial untapped mineralisation potential. This continental rebalancing reflects broader macroeconomic forces reshaping foreign direct investment flows into extractive industries. Investment decision-maki…

Perseus Mining injects 457.7bn/- into TZ ahead of gold output - Daily News MWANZA: THE multi-billion-dollar Nyanzaga Gold Project has already injected 457.7bn/- into Tanzania’s economy, ahead of the start of commercial gold production, expected in the first quarter of 2027. The Sengerema-based project in Mwanza Region is owned by Perseus Mining through its subsidiary Sotta Mining Corporation Limited. Between July 2024 and March 2026, the project spent 371.6bn/- on procurement from Tanzanian suppliers, paid 60.7bn/- in taxes and other statutory obligations, and distributed 25.1bn/- in wages and employee benefits. In addition, 305m/- was invested in community development initiatives. Sotta Mining Corporation Country Manager, Isaac Lupokela, said the investment demonstrates the project’s commitment to ensuring that mining delivers tangible economic and social benefits even before commercial production begins. “As part of our commitment to responsible and sustainable mining, we are focused on creating lasting value for local communities and the Tanzanian economy. The benefits of the Nyanzaga Gold Project extend well beyond future gold production,” he said. Construction activities at t…

Perseus Mining Injects TZS 457 Billion into Tanzania Ahead of 2027 Gold ... Australia's Perseus Mining injects KES 22.8 billion into Tanzania's Nyanzaga gold project, boosting local procurement and jobs ahead of 2027 production. Australian gold producer Perseus Mining has pumped over TZS 457.7 billion (KES 22.8 billion) into the Tanzanian economy through its Nyanzaga Gold Project, signaling immense corporate confidence in the Lake Victoria Goldfields ahead of slated commercial production in early 2027. The massive pre-production capital injection by the Perth-headquartered firm highlights a structural and highly profitable resurgence in Tanzania's extractive sector. Operating locally as Sotta Mining Corporation, the project effectively sets a new regional benchmark for local content compliance, generating thousands of local jobs and millions in direct tax revenue years before the very first ounce of gold is poured from the facility. Situated deep in the mineral-rich Sengerema District of the Mwanza Region, the multi-billion-dollar Nyanzaga facility is rapidly advancing through its heavy construction phase. Verified financial data released by the company reveals an exceptionally…