The framework agreements are part of Tanzanian President Samia Suluhu Hassan’s drive to increase the mining sector’s contribution to the country’s GDP to at least 10% by 2025.
Tanzanian officials, on Monday, signed contracts worth $667 million with three Australian businesses to harvest graphite and rare earths .
The agreements were inked in Dodoma at a ceremony with Evolution Energy Minerals, EcoGraf Ltd, and Peak Rare Earths. “It’s the hope of Tanzanians that the implementation of these projects will start soon and contribute to the economy,” Hassan said.
