Aus­tralian firms get nod to mine graphite, ti­ta­nium in Tan­za­nia

The East African - - THE MARKET WHISPERER -

Tan­za­nia has granted two Aus­tralian firms li­cences to mine graphite in the south­east of the coun­try, and ti­ta­nium near the Dar es Salaam port. Walk­a­bout Re­sources Ltd got min­ing li­cences for the Lindi jumbo graphite project, 200km from the Mt­wara port, while Stran­d­line Re­sources Ltd was granted ex­trac­tion rights for the Fun­goni heavy min­eral sands project. This comes af­ter Dar es Salaam lifted a li­cens­ing mora­to­rium an­nounced in July 2017 pend­ing the setting up of the Min­ing Com­mis­sion as en­vis­aged in the new laws, which gave the gov­ern­ment in­creased con­trol of min­ing, oil and gas. Min­ing con­trib­utes 3.5 per cent of the coun­try’s GDP and the gov­ern­ment hopes to in­crease this to 10 per cent.

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