From Report (today)Special Mining Licence (SML) – Have...

From Report (today)

Special Mining Licence (SML) – Have progressed to newheights in negotiating with GOT in last several months. President Magufuli hasincreased emphasis to getting Foreign Direct Investment to generate jump startin mining arena.

From Article

Tanzanian President Dr. John Magufuli received diplomaticcredentials of the new US envoy on Sunday, August 2 and said that Tanzania willcontinue to strengthen the historic relations with the United States ofAmerica.

Dr. Magufuli requested the new US envoy to invite investors from theUnited States to establish their investments in Tanzania, saying his governmentwill always be ready to support them.Speaking shortly after submitting his letter of credence, Dr. Wright, whobecomes the 19th US ambassador to Tanzania, reaffirmed to President Magufulithe strength of the long-standing bilateral ties between the US and Tanzania.

https://www.eturbonews.com/578305/new-us-ambassador-to-tanzania-finally-starts-tour-of-duty/

Stage

Fast forward to the current era of supply insecurity (exacerbated by the US-China trade war) and it no longer looks wise to rely on one country (China) to be your source of rare earths supply. The only other major source of supply is Australia’s Lynas Resources who are already heavily contracted and send most of their material to Japan. In fact, the US has rare earths listed as critical materials, yet have done nothing to secure supply.

China still controls the vast majority of the global rareearth industry and hence controls the supply chain critical to producing hightech electronics, especially those using magnets. Once again China’s dominanceof the sector makes the world very vulnerable to any China export ban or supplydisruption.

It makes no sense for the US to be so reliant on rareearths from China. In fact, the US is very vulnerable to a China ban on rareearths as the US imports most of their rare earths from China, either directlyor indirectly as end products such as magnets, electronics, or electric motors.As the era of electric vehicles takes off demand for rare earths will alsoexplode. What will happen if China refuses to sell rare earths to the US?

I'm more interested in US/Tanzania relationship pro tem, than the minutiae of people's deemed competence levels of the BoD.

A step back and a look at the bigger picture is required for the moment.

Just my opinion.

GLTAH