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$32 Million Graphite Mine coaxes investment and bent on allotting 500 employment to Tanzanians
Posted On 10 Jul 2021
By Abdul Rahman Bangura–
Photo Credit: Twitter
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Graphite miner, Lindi Jumbo Limited will subsidize $32 million in the generation of graphite minerals, which shall enable to generate hundreds of jobs at its Ruangwa site in Lindi Region.
The mineral is utilized for several objectives comprising making pencils whose market is huge and endless. Substantial enterprise will commence in 2022 next, the company’s Administrative Assistant – Frederick Malima, announced July 08th, 2021. He advised The Citizen at the 45th Dar es Salaam International Trade Fair (DITF) that over 500 immediate and subtle jobs will be established.
The corporation will obviously dwell by Tanzania’s Local Content Law that strives to assure that Tanzanians benefit from the project. The Graphite Mine acquires 27.7 square kilometers of land for the project. He announced, production is anticipated to start next year and that all the procedures have been completed, including acquisition of a mining license.
He furthered that, the clean-up exercise in the mining area encompassing the building of staff residences has started and in September of 2021, the initial plant for extraction will arrive. Aloof from manufacturing pencils, also batteries for both mobile phones and vehicles will be manufactured. He told, the research has indicated that the area can be utilized for extraction for 24 years. To begin with, the company will be producing 40,000 tons per year of graphite.
“We have come to the trade fair (DITF) to give Tanzanians the good news on jobs for young people and various other opportunities for citizens living near the mine,” he said. Graphite is moreover accessible at Mahenge in Morogoro and Arusha regions. But, the new mine will be the biggest producer in Tanzania. And the main markets for their products will be overseas.
“We have not started exploration, but we have already found a market in Europe, China and the United States, so these minerals have a large market and their demand is increasing day by day.” In domestic market, new schools are open everyday as well as new vehicles and mobile phones so the company is confident and ready to invest such a huge amount for the country’s sustainable development.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
Email: Info@newafricabusinessnews.com
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