Tanzania

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 …

Mahenge graphite project developers Black Rock Mining is working on raising A$4.75-million to fund the project’s definitive feasibility study. According to the company, an initial A$4.2-million is to be raised through the placement of 70-million new fully paid ordinary shares, at 6c each to institutional and sophisticated investors. The placement …

Tanzania has granted Kibo Mining an environmental and social-impact assessment (Esia) certificate for its Mbeya coal and power generation project. According to the company, the certificate takes the project a step closer to construction. “The endorsement of the MCPP as a consequence of the Esia certification cannot be underestimated – …

Acacia Mine developers Barrick Gold Corp has announced intention to work Tanzanian authorities to find an amicably solution to the gold export ban. The company aims to conclude the negotiations to lift the ban during the first half of 2018. Barrick has reached a framework deal to end the months-long …

Volt Resources has appointed international investment banking firm Exotic capital to raise US$30 million for its Bunyu Graphite Project in Tanzania, moving towards production by year-end 2018. Exotix Capital is to undertake a Tanzanian bond issue to raise equity of up to US$30 million in structured debt, to fund the …