Tanzania

Newly formed Tanzania Ministry for Energy has committed to an indicative timeline for the completion of the MOU for the fast-tracking of the Mbeya Coal to Power Project (MCPP). The project developer multi-asset African focused energy and resource company, Kibo Mining is optimistic following the decision. “Our focus on positioning …

Tanzanian-focused flake graphite development company Volt Resources Limited has announced intentions to proceed with the issue of US$40 million in structured debt funding. Volt has engaged Exotix Capital to undertake a Tanzanian Bond issue to raise the required funding for the development of Stage 1 of the Bunyu project. Exotix has recommended …

Shanta Gold, the East Africa-focused gold producer, has announced a JORC-compliant mineral resource estimate for Tanzania’s Singida Gold Project. Singida contains 12.3 million tonnes at 1.84 g/t gold for 728,000 ounces while the measured and indicated resources total 5.11 million tonnes @ 2.09 g/t for 345,000 ounces while inferred resources …

Petra Diamonds is optimistic to move out of the murky waters following the end of labour dispute in South Africa and the lifting of an export ban in Tanzania. Johan Dippenaar, the company’s Chief Executive Office has allayed fears of a possible breach of loan terms, as a threat to …

Tanzania’s Katoro Gold has expanded the prefeasibility study (PFS) of its Imweru gold project to include a light detection and ranging (Lidar) survey. According to the company, the Lidar survey has been commissioned without compromising the timeline or budget, will use pulsed laser light to create a “highly accurate data …

Kibo Energy has upgraded existing pact with Tanzanian authorities for the development and implementation of the Mbeya coal-to-power project (MCPP). According to the company, the deal inked with the Tanzania Ministry of Energy and the Tanzania Electric Supply Company (Tanesco), regarding a power purchase agreement (PPA) is to provide a …

Shanta Gold has received a $3.4-million value-added tax (VAT) refund from the government of Tanzania. The refund is made up of a $1.9-million offset against corporate taxes payable in 2016 and 2017 and a cash payment of $1.5-million. Shanta’s VAT receivable balance has reduced to $13.4-million. In August, Shanta Gold  cancelled …

Graphite exploration and development company Volt Resources Limited (VOLT) receives firm commitments to raise an additional $900,000 following their recently shared Share Purchase Plan (SPP). Volt raised $2.338 million, and has in thus received firm commitments to raise an additional $900,000 via a Top‐up placement from sophisticated and professional investors. …

Ethiopia has signed a mining agreement with Yara International for the development of Yara Dallol Potash Project. Located in the Afar region in Ethiopia’s north is expected to have production capacity of approximately 600,000 tonnes of  Sulphur of Potash (SOP) per year, equivalent to approximately 10% of the global market. …

Kibaran Resources’ Epanko project, in Tanzania, has flagged the potential trebling of planned battery-grade graphite production. Andrew Spinks, Managing Director recently told shareholders that the optimisation testwork had confirmed the positive results. Kibaran’s new purification process uses simple chemicals without the need for hydrofluoric acid. Spinks said development has potentially …