Tanzania

Canadian miner Barrick Gold Corp, the majority owner of London-listed mining firm Acacia Mining Plc, is proposing a plan that could reverse some of the gains Tanzania is seeking in a deal with the embattled company. Barrick’s proposed Framework Agreement with the Government of Tanzania seeks to have mining companies …

The UK Takeover Panel has approved a further extension to the deadline for Barrick to make a firm offer for Acacia – first extended to 9 July 2019 and now to 19 July 2019. On the back of this announcement, Barrick notes that it is also reviewing a report by …

The first international project “early-start” by the emerging African graphite producer Walkabout Resources has started to commence procurement, manufacturing and site works for the Lindi Jumbo graphite project. Simultaneously with “early-start”, the company has finalised a placement of US$3.1 million at a price of A$0.23c which is a 10% discount …

Reports on the acquisition of Mkuvia gold property and Fakawi gold property by Zanzibar Gold Inc have been publicly aired. The Mkuvia property located in the Nachengwea area of southern Tanzania has had small scale local placer operators mining gold from the property since 2005. A preliminary operation plan was …

Africa focused energy company – Kibo Energy has today signed a binding term sheet with Sanderson Capital Partners for the conversion of the latter’s 2.5 percent equity interest in the Tanzanian subsidiary, Mbeya Development Company Limited. Mbeya Development is the holder of the company’s physical 120.8Mt Coal Resource in Tanzania. …

MAST Energy Developments (MED) has signed a binding conditional agreement for the exclusive right to undertake due diligence and negotiate the potential acquisition of five peaking power sites totaling 25.85MW. The private UK registered company targets the development and operation of flexible power plants to service the reserve power generation …

Multi-asset energy company, Kibo Energy has been dropped off Tanzania’s energy plans. According to the company, Tanzania Electricity Supply Company (TANESCO) has informed the company without providing reasons or explanation why it did not qualify to compete in the next stage of the bidding process under a tender issued last …

The Tanzanian Prevention and Combating of Corruption Bureau (PCCB) has charged the Acacia Mining with a number of different offences including breaches of the Tanzanian Anti-Money Laundering Act. However, Acacia Mining notes with concern that under Tanzanian law offences under the Anti-Money Laundering Act are not bailable, and accordingly the …

Volt Resources developers of Bunyu Graphite Project’ two mining license applications have been recommended for approval within the Tanzanian Ministry of Minerals online Cadastral system. The Tanzanian-focused flake graphite developer has lodged two applications with the Ministry of Minerals of Tanzania which covers the footprint for developments at the Bunyu …

African Influence Exchange (AIE) international researchers will next month host the Tanzania Mining Law, Local Content Policy & Tax Regime event in Dar es Salam. The briefing will provide insight into the nine new mining regulations and orders of Tanzania and will also offer two interactive workshops on the Tanzania …