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Shirika la Maendeleo la Taifa la Tanzania (NDC) limesaini mkataba wa dola za Marekani milioni 77 na kampuni ya Fujian Hexingwang Industry Tanzania ili kuwezesha uchimbaji wa madini ya chuma.
Mradi huo utajengwa katika Wilaya ya Ludewa, mkoani Njombe, huku uzalishaji wa chuma wa majumbani ukitarajiwa kuanza katika kipindi cha miaka mitatu ijayo.
TSh4.2 bilioni zimetengwa kufidia wakazi zaidi ya 300 wanaoishi katika eneo linalolengwa.
Kwa sasa Tanzania inatumia wastani wa Dola za Marekani bilioni 1.22 kwa ajili ya kuagiza chuma kwa mwaka, hivyo kuwa ya pili kwa matumizi makubwa ya fedha za kigeni baada ya mafuta.
Kwa mujibu wa Mkurugenzi Mkuu wa NDC, Dk Nicolous Shombe, Jamhuri ya Muungano wa Tanzania itamiliki asilimia 36 ya mradi huo huku wawekezaji wakimiliki asilimia 64%.
Soma pia: Waziri Mavunde Atoa Masharti Magumu ya Msaada wa Kiufundi kwa Wawekezaji
Tanzania’s National Development Corporation (NDC) has signed a US$77 million contract with Fujian Hexingwang Industry Tanzania to facilitate iron ore mining.
The project will be located in Ludewa District, Njombe region, with domestic steel production set to commence in the next three years.
TSh4.2 billion has been set aside to compensate the over 300 residents that reside in the target area.
Tanzania currently spends an average of US$1.22 billion for annual steel importation, making it the second-largest foreign exchange expenditure after oil.
According to NDC Managing Director, Dr Nicolous Shombe, the United Republic of Tanzania will own 36% of the project while the investors will hold 64%.
Industry and Trade Deputy Minister, Ms Exaud Kigahe says a 2020 verification of the project revealed the presence of 101 million tonnes of iron ore.
Tanzania is the ninth-largest diamond producer in Africa and boasts 13% of the world’s graphite deposits. Its gold production amounts to 55,603 kg a year.
Mining activities contribute up to 7% to the country’s GDP, which the government would like to raise to 10% by 2025 as part of its economic transformation plan, called Development Vision 2025.
In the year to August 2023, gold exports totalled US$2.95 billion up from US$2.75 billion in the year to August 2022, representing about 39% of the value of the country’s goods exported. It was primarily generated by large-scale mines.
Tanzania’s coal exports for the same period were US$227 million up from US$82 million the previous year. Analysts estimate that the mining sector could reach US$6.6 billion in value by 2027.
Mradi huo utajengwa katika Wilaya ya Ludewa, mkoani Njombe, huku uzalishaji wa chuma wa majumbani ukitarajiwa kuanza katika kipindi cha miaka mitatu ijayo.
TSh4.2 bilioni zimetengwa kufidia wakazi zaidi ya 300 wanaoishi katika eneo linalolengwa.
Kwa sasa Tanzania inatumia wastani wa Dola za Marekani bilioni 1.22 kwa ajili ya kuagiza chuma kwa mwaka, hivyo kuwa ya pili kwa matumizi makubwa ya fedha za kigeni baada ya mafuta.
Kwa mujibu wa Mkurugenzi Mkuu wa NDC, Dk Nicolous Shombe, Jamhuri ya Muungano wa Tanzania itamiliki asilimia 36 ya mradi huo huku wawekezaji wakimiliki asilimia 64%.
Soma pia: Waziri Mavunde Atoa Masharti Magumu ya Msaada wa Kiufundi kwa Wawekezaji
Tanzania’s National Development Corporation (NDC) has signed a US$77 million contract with Fujian Hexingwang Industry Tanzania to facilitate iron ore mining.
The project will be located in Ludewa District, Njombe region, with domestic steel production set to commence in the next three years.
TSh4.2 billion has been set aside to compensate the over 300 residents that reside in the target area.
Tanzania currently spends an average of US$1.22 billion for annual steel importation, making it the second-largest foreign exchange expenditure after oil.
According to NDC Managing Director, Dr Nicolous Shombe, the United Republic of Tanzania will own 36% of the project while the investors will hold 64%.
Industry and Trade Deputy Minister, Ms Exaud Kigahe says a 2020 verification of the project revealed the presence of 101 million tonnes of iron ore.
Tanzania is the ninth-largest diamond producer in Africa and boasts 13% of the world’s graphite deposits. Its gold production amounts to 55,603 kg a year.
Mining activities contribute up to 7% to the country’s GDP, which the government would like to raise to 10% by 2025 as part of its economic transformation plan, called Development Vision 2025.
In the year to August 2023, gold exports totalled US$2.95 billion up from US$2.75 billion in the year to August 2022, representing about 39% of the value of the country’s goods exported. It was primarily generated by large-scale mines.
Tanzania’s coal exports for the same period were US$227 million up from US$82 million the previous year. Analysts estimate that the mining sector could reach US$6.6 billion in value by 2027.
