This may be the reason why VRC is still having considerable trouble sourcing funding for Bunyu...
On the Tanzanian Government Mining Ministry website, there is no mention of graphite being a key mineral in the country....which is amazing given the Bunyu deposit is supposed to be the third largest graphite deposit in the world....
Overview
Tanzania Mining industry is highly important since it accounts for a significant share of the country’s export revenues. The Government plans to have this sector contribute 10% of GDP by 2025. Besides a few major companies, this sector contains several medium scale companies and a cluster of small-scale mining companies. Key mineral deposits include coal, copper, diamonds, gold, nickel, silver, uranium, and Tanzanite gemstone, which is found nowhere in the world other than Tanzania. Even though the current discoveries of huge deposits of gas may change the equation, the Government planned to deploy coal- firepower to offset the shortage of energy.
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