Nyanzaga Gold Project Spends 457.7 Billion Shillings in Tanzania Before 2027 Production Start

The Nyanzaga Gold Project has injected 457.7 billion Tanzanian shillings into Tanzania's economy as of June 29, 2026, AllAfrica reported. Commercial gold production is scheduled to begin in the first quarter of 2027. The project sits in Sengerema, Mwanza Region.

Perseus Mining owns it through subsidiary Sotta Mining Corporation Limited, holding an 80 percent stake while the Tanzanian government owns the remaining 20 percent through the same company. Between July 2024 and March 2026 the project spent 371.6 billion shillings on procurement from Tanzanian suppliers, paid 60.7 billion shillings in taxes and statutory obligations, distributed 25.1 billion shillings in wages and employee benefits, and invested 305 million shillings in community development.

More than 3,600 people currently work at the site, including 281 direct employees, most of them Tanzanian nationals.

The project provided 202 training opportunities in the year ending June 29, 2026, and formed a Community Employment Committee to increase local hiring. Construction stands about halfway complete after 250 million U.S. dollars have been invested.

The site holds roughly four million ounces of gold reserves and is expected to operate for at least 16 years once production starts. Completed work includes water supply infrastructure in Sotta East and Sotta West villages. Ongoing projects comprise a replacement primary school, a second school, a new dispensary, and the Ngoma Bypass Road.

Sotta Mining Corporation Country Manager Isaac Lupokela said the spending shows the project's focus on delivering economic and social benefits before commercial output begins.