Tanganyika Mining Burundi

In May 2013 the company Ets Jbelli was granted a 3-year permit to prospect for gold in an area of 516.9 square kilometres (199.6 sq mi) near Mabayi in Cibitoke Province.

[2][a] The President of Burundi inaugurated the Cimba gold mining site on 31 October 2017.

[3] Companies wholly or partially owned by the state that were reporting negative results in 2021 included Hôtel Source du Nil, Onatel, Cogerco, Tanganyika Mining Burundi, Regideso, Socabu and Sodeco.

[7] On 30 December 2022 Evariste Ndayishimiye, President of Burundi, said that the wealth of the subsoil only had only benefitted a handful of people instead of contributing to the economic recovery of the country.

[8] The cooperatives had to sign a contract with the Ministry of Mines, sell the gold directly to the Central Bank and give 30% of the production to the state.