MWE Correspondent
The Tanzanian government is set to acquire a 17 per cent stake in the Kinywe Graphite Mining Project in Morogoro Region following the signing of a partnership agreement with Yudi Mining (T) Graphite Development Company Limited.
The agreement covers the ML 644 Graphite Mine Project, located in Mbwade Village, Dutumi, Bwakira Chini, in Morogoro District.
Speaking during the signing ceremony, Chairman of the Government Negotiating Team (GNT), Prof Sifuni Mchome, said the agreement was the result of negotiations between the government’s negotiating team and Yudi Mining.
“Today, we are handing over the agreement reached through discussions between our negotiating team and Yudi Mining (T) Graphite Development Company Limited, under which the government will own a 17 per cent stake in this project,” Prof Mchome said.
He said the negotiations were conducted with the national interest and the interests of future generations in mind, while also ensuring that the investor would be able to operate efficiently and transparently.
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Prof Mchome said the partnership reflected the government’s efforts to ensure Tanzanians benefit directly from the country’s mineral resources while creating a framework that supports responsible investment.
The Kinywe graphite project is expected to create approximately 600 jobs for Tanzanians, while also supporting technology and skills transfer, according to officials involved in the project.
Yudi Mining General Manager Liu Zhenghao said the project would introduce a modern processing system that has not previously been used in the region.
He said the investment would also help connect Tanzania to the global graphite value chain and create opportunities for increased value addition within the country.
“The project is expected to create 600 jobs for Tanzanians, facilitate the transfer of technology and skills, and introduce a modern system that has not yet been used in this region,” Liu said.
He added that the investment would contribute to increasing the value derived from Tanzania’s mineral resources while creating additional economic opportunities for Tanzanians.
The signing of the partnership agreements marks another step in the government’s efforts to strengthen local participation in large-scale mining projects and ensure that mineral development contributes to employment, technology transfer, value addition and broader economic growth.
