Tanzania emblem
The United Republic of Tanzania

State Mining Corporation

State Mining Corporation

Functions

FUNCTIONS OF THE CORPORATION


STAMICO is mandated to perform the following core functions: -
• To acquire by agreement and hold interests in any undertaking associated with exploration, prospecting and mining of minerals;
• To acquire mineral rights and conduct or engage in mineral prospecting and mining operations;
• To carry out consultancy services, contract works, feasibility studies and environmental studies in accordance with relevant laws;
• To establish corporate entities or firms for the purposes of carrying out projects or engaging in mining of, prospecting, refining, grading, producing, cutting, processing, buying or selling or marketing of minerals whether alone or in joint venture with strategic partners;
• To participate in any Stock market;
• To promote, facilitate or support transformation of Artisanal and small scale mining into well organized mining;
• To deal, or lease out exploration, drilling, mining equipment and machinery;
• To import, export, manufacture and maintain mining equipment and machinery;
• To manage affairs of the Corporation, company, firm or other body whose interest are transferred to or acquired by the Corporation; and
• To carry on its business, operations and activities either within the country or elsewhere whether as principal agent, contractor or otherwise.

Tanzania Census 2022