The National Development Corporation (NDC) has announced plans to start local commercial production of iron ore and steel by construction of related smelting plants. The country is also expecting to produce 1.1 million metric tones per year, with the first production expected in four years.
China International Mineral Resources Limited (TCIMRL) and NDC have entered into a joint venture to see through the project. Construction of the iron ore mining and smelting plants at Liganga is expected to start off early next year.
With this, the amount of iron ore and steel imported into Tanzania to support construction of bridges and highrise buildings is expected to reduce. The project is also expected to help the country realize its 2025 vision and move to a middle income economy.
The country also aims at constructing a steel and iron metallurgical complex in order to achieve the targets. The Minister for Energy and Minerals Prof Sospeter Muhongo has received two licenses for the Liganga Iron Ore and Mchuchuma Coal Mine.
The company is also planning to install a transmission line from Mchuchuma to Liganga. The mines will also be served by a 75 kilometer tarmac road to be constructed too.