Tanzania

The Ministry of Minerals is concentrating on improving revenue collection to boost the mining sector’s contribution to GDP. Revenue collection is one of several key priority areas that will get a boost in the fiscal year 2021/22. Minister for Minerals, Dr Dotto Biteko, presented his ministry’s budget estimates, saying the …

Walkabout Resources has secured a US$20 million debt funding facility with Tanzanian Bank CRDB towards construction of the Lindi Jumbo Graphite Mine. “The provision of this significant debt package for Lindi unlocks the final milestone in project development and construction efforts at the mine site can commence as soon as …

The Investigation and Policy Group, The Sentry, has advised that the US and the EU must work with African governments to harmonize gold export taxes to reduce smuggling and promote conflict-free gold. Uganda, Rwanda, the Democratic Republic of Congo (DRC), the Central African Republic (CAR) and Cameroon are the countries …

Mining authorities in Tanzania have issued three Prospecting Licences (PLs) in favour of Deccan Gold (Tanzania), a subsidiary of the group (DG Tanzania), this is according to Deccan Gold Mines. On 08 February 2021, DG Tanzania was officially told in this regard by the Commissioner for Minerals and Mines, Ministry …

According to the Canadian major, Barrick Gold, its Tanzania gold mines have been successfully revived, with North Mara delivering substantial improvements and underground output starting at Bulyanhulu, In September 2019, Barrick Gold took ownership of the operations of the former Acacia Mining and now operates the mines with the Tanzania …

Aim-listed Shanta Gold has revealed that it has “produced another notable safety performance”. The company, through  CEO Eric Zurrin  in a production and operational results release, also states that it achieved its core objectives for 2020, with gold production and costs in line with guidance. Shanta owns the New Luika …

Tanzania signed an agreement with LZ Nickel Ltd on 19 January to launch a joint venture company known as Tembo Nickel Corporation. The venture will have two subsidiaries for extraction, known as Tembo Nickel Mining Company Ltd, and Tembo Nickel Processing Company for the nation’s multipurpose mineral smelting industry. Speaking …

Gold has overtaken tourism as Tanzania’s biggest foreign-exchange earner, while Barrick’s joint venture with the Tanzanian government paid its first cash dividend of $250 million earlier this week. The East African nation’s gold-mining industry is showing signs of a renaissance following a crackdown on smuggling and the settlement of a …

The Government of Tanzania has officially published regulations concerning graphite concentrate exports. The updated regulation continues the policy of maintaining a minimum graphite concentration of 65% total graphitic carbon and payment of royalties as conditions of export. The 2020 regulations revoke 2019 The Mining Guidelines of 2019. Black Rock has …

Accidentally millionaire, Saniniu Laizer, has discovered yet another giant violet-blue stone weighing 6.3 kilograms (13.9 pounds). This is within two months of becoming a millionaire overnight in June after his mining company discovered two rough Tanzania gemstones worth $3.4 million and believed to be the largest in the world. Laizer, …