Tanzania

Shanta Gold, an East African gold producer, developer, and explorer, has signed binding definitive documents with Stanbic Bank Tanzania for a $20 million loan facility to help it expand its portfolio. Shanta CEO Eric Zurrin says the four-year $20 million facilities is a significant step forward for the company because …

An official claimed on Sunday that eight dealers were arrested in Geita, Tanzania’s northern province, for smuggling an undefined amount of gold out of the country. The arrest was reported by Doto Biteko, the Minister of Minerals, at a meeting with small-scale miners in the gold-rich Geita region’s Lwamgasa district. …

Caracal Gold, an LSE-listed company, has agreed to a new share purchase agreement (SPA) for its proposed acquisition of Tyacks Gold, the holder of the Nyakafuru project’s licenses in Tanzania. The project is located 140 kilometres southwest of Mwanza, Tanzania’s second-largest city, amid the Lake Victoria Gold Fields in northern …

The Amani Nature Reserve, established by Tanzanian authorities in 1997 to protect the East Usambara Mountains’ unique flora and fauna, is under threat from gold mining, according to an official. Over 20 hectares of natural forest cover have been destroyed by artisanal miners in recent years, according to Fikiri Maiba, …

Joint ventures, rather than outright acquisitions, have the advantage of spreading the risks associated with complex minerals that may not provide the margins of the traditional bulk commodities. As the trend gathered pace, the world’s largest listed BHP Group (BHP.AX), this month said it had spent $40 million to advance …

Minerals Deputy Minister Dr Stephen Kiruswa has directed the investor to ensure they get the approval of the villagers as they expand and change land use in the areas from pasture land to a mining field. The government also ordered mining firms to adhere to the country’s mining laws and …

Shanta Gold has extended the life of its New Luika gold mine, in Tanzania, to at least the end of 2026, while the mine life of its Singida project, also in Tanzania, remains unchanged to the end of 2029. The company has replaced the ounces it mined in 2021 with …

The decision by BHP to invest $100m in private UK miner Kabanga Nickel, which is developing a huge nickel project in Tanzania, marks a further shift in strategy for BHP, which has traditionally focused on less risky mining jurisdictions such as Australia, Chile and Canada that have been extensively developed. …

Dafo Vehicle Fire Protection has started a partnership with Twakei Vehicle Fire Protection based in Nairobi, Kenya. Twakei is a specialist engineering company providing fire suppression services in Kenya, Tanzania, Ethiopia, Uganda, Sudan, Eritrea, Southern Sudan, Rwanda, Burundi, and Somalia. “We are very excited to join Dafo Vehicle’s family because …

After receiving a special mining license from the government over the weekend, Tembo Nickel Corporation Ltd has promised to expedite the implementation of the nickel mining project. Chris Slowalter, the corporation’s CEO, gave the assurance shortly after receiving the special mining license, stating that full production would begin in two …