Tanzania

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 …

Graphite developer Walkabout Resources has acquired the remaining 30 percent interest in the Lindi Jumbo graphite project, in Tanzania, for $1-million. Trevor Benson, Executive chairperson said the purchase of the remaining stake in the project would see a huge value adding transaction to Walkabout. “The passing of this significant project …

Acacia Mining a subsidiary of Pangea Minerals Limited (PML) has announced plans to cut down its workforce next month. The development is attributed to the company’s intentions to cut operating costs. “Extraction operations in the mine will come to an end by 2020. The new cut will include employees in …

Tanzanite One Mining Company has agreed to compensate and pay all taxes it owes the government, conceding some malpractices in its operations in the country. Chairman of President John Magufuli formed negotiation committee Prof Palamagamba Kabudi and Director of Tanzanite One Faisal Juma signed the payment agreement in Dar es …