Tanzania Finalizing Permit For its First Rare-Earth Metals Mine
Government preparing licenses for Peak Resources, OreCorp
State targeting 33% jump in mining income over three years
Tanzania is in the final stages of approving a permit for the country’s first rare earths mine to Australian company Peak Resources Ltd. as the government seeks a bigger share of revenue from natural resources.
The state is also finalizing a gold-mining license for another Australian company, OreCorp Ltd. at the Nyanzaga project in the northwest of the country, according to Mining Minister Doto Biteko.