5 advantages of mining to the Tanzanian economy
Mining is the extraction of minerals occurring on or below the earth's surface. Mining has a lot of benefits to the economy of any country.
The following are the advantages of mining to the Tanzanian economy.
Mining provide employment opportunities to the people who engage in mining and its whole supply chain
Tanzania earns foreign exchange from mineral export
It lead to development of related industries. these are industries which get their raw materials from mined minerals for example coal mining can lead to development of energy supply industry if will be used to produce electricity.
It leads to development of towns for example Kahama town in Tanzania have developed due to gold mining taking place in the area
Mining can lead to development of transport and communication network in the mining ares.
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