Released February 04, 2015 | JOHANNESBURG
en
Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Old cartographic manuscripts from more than a thousand years ago show massive Chinese battle ships opening trade opportunities on the east coast of Africa. The Indian Ocean connects Africa with Asia and has produced ties that are very much alive today.
Before, and now during China's current deflationary domestic tendency, China has targeted Tanzania's resource potential as a prize and an investment stronghold.
Local reports say that 6,000 Chinese entities are interested in exploring for mineral resources in south Tanzania, with a focus on iron ore.
Tanzania received $4.6 billion from China in the decade through 2011. China is Tanzania's biggest trading partner, and in 2012 accounted for 15% of the country's trade.
According to the country's National Development Corporation (NDC), there is a plan to produce 1.1 million tons of iron ore annually, and it is commissioning a rail line in the Mtwara development corridor, with spurs to the mineral-rich Liganga-Mchuchuma region.
The iron-ore project will be the foundation for an iron and steel metallurgical complex, which will create hundreds of jobs. The NDC is working on five major projects, including a coal mine, iron ore mining and the generation of 600 megawatts (MW). It also is involved in the construction of a steel complex and the installation of a transmission line from Mchuchuma to Liganga.
A study reports that more than 364 million tonnes of coal and 219 million tonnes of iron ore reserves have been confirmed.
For related information, see August 1, 2014, article - Outlook Improves for African Mining Investments as Resources Lie Unexplored.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Before, and now during China's current deflationary domestic tendency, China has targeted Tanzania's resource potential as a prize and an investment stronghold.
Local reports say that 6,000 Chinese entities are interested in exploring for mineral resources in south Tanzania, with a focus on iron ore.
Tanzania received $4.6 billion from China in the decade through 2011. China is Tanzania's biggest trading partner, and in 2012 accounted for 15% of the country's trade.
According to the country's National Development Corporation (NDC), there is a plan to produce 1.1 million tons of iron ore annually, and it is commissioning a rail line in the Mtwara development corridor, with spurs to the mineral-rich Liganga-Mchuchuma region.
The iron-ore project will be the foundation for an iron and steel metallurgical complex, which will create hundreds of jobs. The NDC is working on five major projects, including a coal mine, iron ore mining and the generation of 600 megawatts (MW). It also is involved in the construction of a steel complex and the installation of a transmission line from Mchuchuma to Liganga.
A study reports that more than 364 million tonnes of coal and 219 million tonnes of iron ore reserves have been confirmed.
For related information, see August 1, 2014, article - Outlook Improves for African Mining Investments as Resources Lie Unexplored.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
