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Covering an area of 19.63 square kilometers, the Maganga Matitu Iron Ore project is part of the Liganga Iron Ore project, located in Ludewa District, Njombe Region
The government of Tanzania will sign a contract worth USD 77.4 million with a Chinese firm, Fujian Xho Company Limited, to implement the Maganga Matitu Iron Ore project, the Industry and Trade Minister, Dr Selemani Jafo, said recently. At least Sh4.2 billion will be spent on compensating 385 people to be affected by the project.
Covering an area of 19.63 square kilometers, the Maganga Matitu Iron Ore project is part of the Liganga Iron Ore project, located in Ludewa District, Njombe Region.
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The Maganga Matitu Iron Ore project seeks to produce sponge iron as raw material for steel industries. Full implementation will start in January 2025, entailing a cost of USD 77.4 million in equity money. The iron ore project will have the capacity to produce 1 million tonnes of iron every year for 35 years and will be owned jointly by the investor (64 percent) and the government (36 percent). The Liganga Iron Ore project is among the anchor projects in the Mtwara Development Corridor.
