Montero Mining and Exploration has reached a settlement agreement with the Tanzanian government, ending a long-running dispute over the expropriation of its Wigu Hill rare earth element project. The company, which had initially sought damages of C$90 million through international arbitration proceedings, will receive $27 million in three installments. This …
Read More »Uganda’s Extractive Sector Poised for Growth: Oil, Gas, and Mining to Fuel Economic Ambitions
Uganda’s extractive sector is poised for a period of significant growth and transformation in 2025, driven by a confluence of factors, including the imminent commencement of oil production and a surge in demand for critical minerals. The long-awaited launch of commercial oil production, facilitated by the East African Crude Oil …
Read More »Tanzania Invites Belarus to Tap into Booming Mining Sector
Tanzania is actively courting Belarusian investors to capitalize on its burgeoning mining sector, with a focus on modernizing small-scale mining operations and processing raw minerals domestically. Speaking during a recent meeting with Belarusian Ambassador Pavel Vziatkin, Minister for Mining Anthony Mavunde highlighted the country’s rich mineral endowment, encompassing a diverse …
Read More »Menzies Aviation Soars with New Cargo Facility in Mozambique
Menzies Aviation, the global leader in aviation services, has officially opened its state-of-the-art cargo facility at Maputo International Airport (MPM). This strategic move expands Menzies’ footprint in East Africa, positioning the company to capitalize on the region’s growing air cargo market. The new facility, equipped with cutting-edge technology and high-end …
Read More »Volt Resources’ graphite project progress in Tanzania
Graphite producer and battery materials developer Volt Resources Limited’s latest update on Bunyu Graphite Project in Tanzania indicates progress. Tanzania’s Ministry of Minerals has sent the company draft shareholders’ agreement and framework agreement to start negotiations of these agreements. And the company has responded to the letter and is working …
Read More »Tanzania Launches US$9.6million Ifakara Substation to support Epanko Graphite Power Supply
EcoGraf Limited which owns assets in Tanzania is pleased with the recent infrastructure development at Ifakara district whereby a 20MVA substation was launched. The Substation is approximately 70 kilometers from Mahenge town which marks a kickoff for power supply to the Epanko project. The US$9.6million Ifakara Substation launching was …
Read More »Empowering Tanzania through Sustainable Energy Solutions
The Tanzanian government is making significant strides in enhancing the country’s energy sector by accelerating the activation of the second turbine at the Julius Nyerere Hydropower Plant (JNHPP). Despite facing challenges posed by overflowing water levels due to El Nino rains, the government remains committed to harnessing the potential of …
Read More »Strandline to sell Tanzania mineral sands asset
Australia’s Strandline Resources has agreed to sell its Tanzania mineral sands assets to a subsidiary of rare earths and mineral sands miner Shenghe Resources. Strandline will receive a total of $43-million, comprising A$27.2-million for the sale of Strandline’s shares in the Tanzania projects and A$15.8-million for the assignment to Shenghe …
Read More »AngloGold confirms all its operations are conflict-free
The operations of AngloGold Ashanti remain conflict-free as of December 31, 2023, the gold miner states in its ‘Conflict-Free Gold Report 2023’ on May 31, emphasising that it extracts gold in a manner that does not fuel conflict. AngloGold follows guidelines of the World Gold Council’s Conflict-Free Gold Standard at …
Read More »Katoro prioritised Tanzania project development in 2023
Aim-listed Katoro Gold prioritised resource development at its Haneti project, in Tanzania, during the year ended December 31, 2023, owing to it being mindful of funding constraints. Early in the year, Katoro successfully raised £150 000 (gross), which was used for ongoing working capital and to conclude the project assessment …
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