Greenfield, a subsidiary of Geita Gold Mine Limited (GGML), has been trying to discover commercial mines in the three target areas for the past four years.
During a weekend visit to GGML, AngloGold Ashanti CEO Alberto Calderon said they wanted to increase their presence and production levels in the country.
“This is why we are investing in finding another world-class gold mine in Tanzania,” Mr Calderon said.
GGML is preparing to celebrate its 25th anniversary in April, with the first gold bar having left the factory in June 2000.
Additionally, in line with its parent company AngloGold Ashanti’s sustainability strategy to reduce CO2 emissions, the country’s current major gold producer is implementing a project that will halve the cost of electricity at its mines and potentially reduce CO2 emissions by 2030. Emissions are reduced to a minimum.
AngloGold Ashanti is the world’s fourth-largest gold producer by production volume.
Greenfield Exploration is headquartered in Dodoma.