Dangote acquires 10sq. km. land for coal mining in Tanzania
Aliko Dangote, Africa’s richest man and founder of the
Dangote Group, has joined the league of coal miners with the acquisition a
10-square-kilometre plot of land from the Tanzanian government over the weekend.
Aliko Dangote, CEO, Dangote Cement Company |
Tanzania’s Ministry of Energy and Minerals who disclosed
this at the handing over ceremony in the southeastern town of Mtwara where the
Dangote Cement Company operates a $500 million cement factory said the Tanzanian
government expects Dangote to use the land to mine coal for its operations.
According to local media The Citizen, the coal concession
was sanctioned by President John Magufuli to allow the company to get a
reliable supply of coal to fuel its activities.
Tanzania has banned the importation of coal from South
Africa and Tancoal, the only one coal producing company in the country, cannot
meet the entire market demand.
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