Business

Tanzania to Establish TZS 40 Billion Critical Minerals Technology Center

The Tanzanian government has partnered with the Korea Institute of Geoscience and Mineral Resources (KIGAM) to establish a state-of-the-art critical minerals technology center valued at TZS 40 billion. This strategic initiative aims to expand the country’s detailed mineral research coverage to 50% by the year 2030.

This strategic development is a direct implementation of the “Madini Vision 2030,” which aims to transform the country into a leading hub for mineral processing and research. The project, which is expected to cost approximately TZS 40 billion (USD 16.5 million or 21.8 billion Korean Won), is the result of a partnership between the Geological Survey of Tanzania (GST) and the Korea Institute of Geoscience and Mineral Resources (KIGAM).

Read more at: https://www.tanzaniainvest.com/mining/critical-minerals-technology-center-kigam-korea

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