ASX-listed Strandline Resources has submitted the mining licence application for the Fungoni project to the Ministry of Energy and Minerals of Tanzania. The application by Strandline Resources has been prepared in light of the advanced engineering work conducted to date as part of the almost-completed DFS and the recently promulgated …

Dual-listed Banro says as a result of a road closure at its Namoya mine in the DRC, mining operations at the Namoya mine have been temporarily suspended. Banro states the road access closure is due to the activities of local groups against both the local populations and against the (Democratic …

Technavio, global technology research and advisory company says the mining industry is expected to witness gradual growth during 2017 to 2021. The company attributes the development to increase in demand from minerals and metals, mostly from emerging economies. Researchers at Technavio believes that the untapped markets such as Latin America …

New entrant into the oil and gas market, Uganda plans to build the longest electrically heated crude oil pipeline. The country intends to build an oil pipeline stretching from Uganda oil fields to the Tanzanian port of Tanga. Estimated to be one of the most expensive projects consisting of upstream, …

Acacia Mining has announced plans to produce only gold doré until the end of its life in 2020, at the company’s Buzwagi Mine, in Tanzania. The development comes on the backdrop of positive results from a processing trial that indicated that the mine is able to achieve gold recoveries of …

Kibo Mining has almost concluded securing project financing for its Mbeya coal-to-power project (MCPP) in Tanzania. The development comes at the backdrop of ongoing power purchase agreement negotiations with Tanzania power utility Tanesco. The company has passed all the relevant legislative stages and is awaiting final confirmation from Tanzania’s Attorney …

Tanzanian focused flake graphite development company Volt Resources Limited has changed the name of its operating subsidiary in Tanzania to Volt Graphite Tanzania Limited (VGT) from Nachi Resources Limited. According to the company, the decision was made to ensure a clear relationship between VGT and its parent company Volt and …

President John Magufuli has ordered the army to build walls around Tanzania’s mines. “All tanzanite gemstones will be controlled and will pass through one gate,” said Magufuli in a statement, adding that the walls will control illegal mining and trading activities. This is the latest twist in a spat with mining …

Chinese engineering firm Jinpeng Mining and Machinery has invested US$1M in Walkabout Resources via a placement authorised by the board. The development comes, as the company prepares to submit a mining licence the Lindi Jumbo Graphite Project in south eastern Tanzania. Following the share acquisition Jinpeng will now become WKT’s …

De Beers Group’s International Institute of Diamond Grading & Research (IIDGR)  has established four new diamond grading partnerships with leading diamond jewellery retailers in Thailand, Vietnam and China. The new partnerships are with Aurora Diamond in Thailand, DOJI Group in Vietnam and Chow Tai Seng and CHJ in China, reflect …