THE government projects to generate over 1trn/- in revenues from local content initiatives within the mining sector by the close of the 2024/25 fiscal year.

This ambitious forecast was announced by Minerals Minister Anthony Mavunde in Mwanza on Thursday, reaffirming the government's unwavering commitment to boosting Tanzanian participation across key economic sectors, particularly mining.

Speaking at the 4th Mining Local Content Compliance Forum (LCCF 2025), Minister Mavunde emphasized the critical need for Tanzanians to play a central and comprehensive role in the mining industry—not just in providing services, but across the entire value chain.

"We are committed to ensuring Tanzanians take a leading role not just in service provision, but in the entire distribution of value in this sector," he told a diverse gathering of industry stakeholders and corporate representatives from across the country.

He lauded local firms for actively embracing the government’s vision of a self-reliant and industrialized economy, highlighting their vital role in driving Tanzania’s industrial growth through innovation, skills development, and strategic partnerships.

According to the Minister, local content policies are fundamental to converting Tanzania’s abundant natural resources into sustainable development outcomes, extending far beyond traditional tax and royalty revenues.

"These policies lead to job creation, economic growth, industrial development, and improved social license for mining companies," he noted, articulating the multifaceted benefits of a robust local content framework.

Also addressing the forum, Bhavna Pandya-Barrat, Operating Officer of Max Steel Ltd, commended the government under President Samia Suluhu Hassan for fostering a business-friendly environment that empowers local firms to successfully secure major contracts. She called for continued collaboration between the public and private sectors to ensure that regulations genuinely enable, rather than restrict, the growth and competitiveness of domestic companies.

Pandya-Barrat highlighted Max Steel’s significant contribution to the Rising Main Pipeline Project for Barrick North Mara as a prime example of successful local content implementation. She proudly stated that the entire project was fabricated within Tanzania, showcasing the exceptional local expertise in engineering and manufacturing.

"This is proof that when trust and opportunity meet local capacity, we do not need to import excellence—we create it here at home," she asserted, underscoring the capabilities of Tanzanian talent.

Max Steel, a company with over eight years of operational experience, offers comprehensive Engineering, Procurement, and Construction Management (EPCM) services across various vital sectors, including mining, oil and gas, and general manufacturing.

 The company currently employs over 100 Tanzanians, encompassing a range of skilled professionals such as engineers and technicians, and has received notable government recognition for its instrumental role in advancing local industry.

Beyond its core steel business, Max Steel's long-term vision encompasses significant contributions to nation-building through active engagement in vocational training and technology transfer initiatives. These efforts are geared towards equipping future generations of Tanzanian professionals with the necessary skills and knowledge to lead the country’s ongoing industrial transformation.