Tanzania is poised for a significant transformation in its mineral sector with the establishment of a new mineral exploration academy and the country's largest mineral analysis laboratory at the University of Dar es Salaam (UDSM).
On August 20, 2024, UDSM entered into a partnership with South Korea's YULHO Public Company through the signing of a Memorandum of Understanding (MoU) for the Sh27 billion project. This initiative aims to enhance Tanzania's capacity to audit, analyze, and fully capitalize on its mineral wealth.
The new state-of-the-art laboratory will enable Tanzania to conduct comprehensive testing of its minerals within the country, thereby reducing the dependence on expensive foreign laboratories. This development is expected to significantly cut costs and improve efficiency in the mineral sector.
Furthermore, YULHO will provide scholarships to UDSM staff and students, strengthening the university's ability to produce skilled professionals for the industry. This partnership is seen as a crucial step in advancing Tanzania's mineral sector and boosting the nation's economic growth through better management and utilization of its natural resources.
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