Tanzania's new ambassador to South Korea, Togolani Mavura, has called for increased South Korean investment in Tanzania's critical minerals sector, emphasizing the strategic importance of a graphite project backed by POSCO International. The project, located in the Nachu area of southeastern Tanzania, is expected to produce high-quality graphite for electric vehicle batteries.
During an interview with Yonhap News Agency on July 27, 2026, Ambassador Mavura stated that the mine could become a key link in the global battery supply chain. He noted that Tanzania is rich in minerals such as graphite, nickel, and cobalt, which are essential for the energy transition.
The POSCO International-backed graphite mine is part of a broader effort by South Korea to secure supplies of critical minerals. The ambassador expressed hope that more Korean companies would explore opportunities in Tanzania's mining sector, citing the country's stable political environment and investment-friendly policies.
Ambassador Mavura also highlighted ongoing cooperation between Tanzania and South Korea in areas beyond mining, including infrastructure and technology. He invited Korean firms to participate in Tanzania's industrial development, particularly in processing minerals locally to add value before export.
