The Latest

STAMICO and Korea’s KOMIR Sign Agreement to Develop Strategic Minerals in Tanzania

June 15, 2024
1 minute read
Stamico of Tanzania and Komir of Korea signing MOU for cooperation in minerals

On June 4, 2024, Tanzania’s State Mining Corporation (STAMICO) signed a memorandum of understanding (MoU) with the Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR) to develop strategic mineral resources in Tanzania and exchange expertise.

The MoU was signed in Seoul, South Korea, between the CEO of STAMICO, Dr. Venance Mwasse, and the President and CEO of KOMIR, Mr. Hwang Kyu-Yearn, and was witnessed by the South Korean Minister of Trade, Industry, and Energy, Mr. Inkyo Cheong.

This three-year agreement will involve cooperation in the development of strategic minerals and the exchange of expertise.

The agreement is a result of the long-standing relationship between the two countries and the official working visit of the President of Tanzania, Dr. Samia Suluhu Hassan, to Korea, on June 26, 2024.

During the signing ceremony, STAMICO’s CEO, Dr. Mwasse, stated that Tanzania and Korea aim to collaborate in research, investment, mining, and capacity building to add value to the strategic minerals found in Tanzania.

Through the signing of this MoU, there will be an impetus for research on strategic minerals such as graphite, lithium, nickel/cobalt, manganese, and others, as well as mining, processing, and the overall trade of minerals between the two countries.

Want to know more about Mining in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers Mining, plus regulations, key sectors, and investment opportunities — all in one place.

Download Free Guide
Tweet
Share
Share
Share
Related Posts
Tanzania Mahenge Graphite Project Map
Read More

Tanzania Mahenge Graphite Project Early Works to Complete by Mid-2026 Ahead of Final Investment Decision

Black Rock Mining's early works program at the Mahenge Graphite Project in Tanzania's Ulanga region is nearing completion, with final earthworks and resettlement activities expected to wrap up by late Q2 2026. Community compensation for the lower access road has been completed, the 220kV transmission line survey is finished, and all early works pricing has been validated against the 2022 FEED, positioning the project for a rapid construction ramp-up once full funding and a Final Investment Decision are secured.
Tanzania Panda Hill Niobium Agreement Signing
Read More

Tanzania Signs Niobium Project Agreement Targeting 4% of Global Output

The Government of Tanzania and Panda Hill Tanzania Limited have officially signed an agreement to advance the Panda Hill niobium project in Mbeya. The deal formalizes government participation through a 16% free carried interest, positions Tanzania to contribute 4% of global niobium supply, and includes the construction of a ferroniobium plant, local value addition, and thousands of jobs over the project’s life.