Perseus Mining injected 457.7bn/- into Tanzania's economy ahead of gold output
Perseus Mining, through its subsidiary Sotta Mining Corporation Limited, has injected 457.7bn/- into Tanzania's economy ahead of the expected start of commercial gold production in the first quarter of 2027. According to futures.tradingcharts.com, between July 2024 and March 2026, the project spent 371.6bn/- on procurement from Tanzanian suppliers, paid 60.7bn/- in taxes and statutory obligations,
Perseus Mining, through its subsidiary Sotta Mining Corporation Limited, has injected 457.7bn/- into Tanzania's economy ahead of the expected start of commercial gold production in the first quarter of 2027. According to futures.tradingcharts.com, between July 2024 and March 2026, the project spent 371.6bn/- on procurement from Tanzanian suppliers, paid 60.7bn/- in taxes and statutory obligations, and distributed 25.1bn/- in wages and employee benefits. The project also invested 305m/- in community development initiatives. Isaac Lupokela, Country Manager of Sotta Mining Corporation, said the project is focused on creating lasting value for local communities as part of responsible and sustainable mining. The project's spending before commercial production demonstrates commitment to economic and social benefits.
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