Canadian miner Lake Victoria Gold has moved a step closer to bringing its Imwelo Gold Project in Tanzania into production after beginning Phase 1 earthworks at the fully permitted mine, adding momentum to investment in one of Africa’s biggest gold-producing nations.
The company said the first phase of construction includes upgrading the project’s access road and preparing the processing plant site, while work on the construction camp is nearing completion.
Together, the activities lay the groundwork for the next stage of mine development.
The milestone comes as Tanzania continues to strengthen its position as one of Africa’s leading gold producers.
Gold remains the country’s largest export, accounting for a significant share of foreign exchange earnings, while government efforts to attract mining investment have supported a pipeline of new gold developments in the country’s prolific Lake Victoria Goldfields.
