Tanzania, Australia firms sign $667m deal to mine rare earths
A mining site in Tanzania. The country on April 17, 2023 signed contracts worth $667 million with three Australian companies to mine graphite and rare earths, in a move to boost the mining sector's contribution to its economy to at least 10 percent by 2025. PHOTO | FILE | NMG
The Tanzanian government on Monday signed contracts worth $667 million with three Australian companies to mine graphite and rare earths.
The framework agreements are part of a push by Tanzania’s President Samia Suluhu Hassan to boost the mining sector's contribution to nations economy to at least 10 percent by 2025.
