Thursday , June 13 2024

Tanzania

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 …

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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 …

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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 …

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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 …

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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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Petra weathers lower diamond prices in latest tender

Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct. CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand slightly muted owing to Indian …

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Hitachi shapes a sustainable digital landscape

As the world grapples with the need for sustainable energy solutions amid a digital revolution, Hitachi Energy hosted Hitachi Energy Day Tanzania on 16 February at the Serena Hotel, Dar es Salaam. Building on the success of previous events in Johannesburg and Cape Town, this year’s event showcased a convergence …

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Tanzania Aims to Become Africa’s Leading Mining Destination with Focus on Value Addition and Sustainability

The Tanzanian Ministry of Minerals unveiled a bold initiative today at the 2024 Mining Indaba, positioning the country as Africa’s premier mining destination of choice. This strategic move, championed by President Samia Suluhu Hassan, recognizes Tanzania’s immense mineral wealth, spanning critical minerals, rare earth elements, precious metals, energy, and industrial …

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Barrick rehabilitate closed Buzwagi into an airstrip

As part of sustainable mining, Barrick Gold Corporation has created a positive legacy that will continue to serve local communities long after mining activities close at Buzwagi gold mine in Tanzania. Mark Bristow, Barrick President and Chief Executive Officer recently handed over the new airport terminal built at the closed …

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Volt Resources raise funds for Bunyu project in Tanzania

Graphite producer and battery materials developer Volt Resources recently raised $1.632M capital to advance integrated graphite battery materials strategy, including the development of downstream graphite anode business, and progress the Bunyu Project, Tanzania, and Zavalievsky Graphite business. The capital raising consists of a placement to raise $1.132M via the issue …

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