Govt clears Liganga, Mchuchuma deal
DODOMA, May 23 -- THE government has finalised negotiations with investor Shudao Investment Group Company Limited (SDIG) for the implementation of the long-awaited Liganga Iron Ore and Mchuchuma Coal projects, marking a major milestone for the strategic industrial venture that has remained dormant for many years.
The agreements reached cover several key components of the projects, including the shareholding and financing structure, investment capital requirements, as well as the framework for joint management and operations.
This was revealed yesterday in the National Assembly by Minister for Industry and Trade, Ms Judith Kapinga, while presenting the ministrys 137.8bn/- budget estimates for the 2026/27 financial year.
Ms Kapinga said ...
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