Tanzania

Shares of small diamond producers, mainly focused on mines in southern Africa and Canada, have tumbled more than 30% during the past year and each company seems to be embroiled in its own mess. “If you look at diamond stocks this year, performance has been very poor,” said William Lamb, …

Petra Diamonds has been granted authorisation to resume export and sales of diamonds from its Williamson mine. Details of the timing and process for the next diamond parcel to be exported to Petra’s marketing office in Antwerp are soon to be finalised between government and the miner. Meanwhile no resolution …

ASX-listed Strandline Resources has submitted the mining licence application for the Fungoni project to the Ministry of Energy and Minerals of Tanzania. The application by Strandline Resources has been prepared in light of the advanced engineering work conducted to date as part of the almost-completed DFS and the recently promulgated …

Acacia Mining has announced plans to produce only gold doré until the end of its life in 2020, at the company’s Buzwagi Mine, in Tanzania. The development comes on the backdrop of positive results from a processing trial that indicated that the mine is able to achieve gold recoveries of …

Kibo Mining has almost concluded securing project financing for its Mbeya coal-to-power project (MCPP) in Tanzania. The development comes at the backdrop of ongoing power purchase agreement negotiations with Tanzania power utility Tanesco. The company has passed all the relevant legislative stages and is awaiting final confirmation from Tanzania’s Attorney …

Tanzanian focused flake graphite development company Volt Resources Limited has changed the name of its operating subsidiary in Tanzania to Volt Graphite Tanzania Limited (VGT) from Nachi Resources Limited. According to the company, the decision was made to ensure a clear relationship between VGT and its parent company Volt and …

President John Magufuli has ordered the army to build walls around Tanzania’s mines. “All tanzanite gemstones will be controlled and will pass through one gate,” said Magufuli in a statement, adding that the walls will control illegal mining and trading activities. This is the latest twist in a spat with mining …

United Kingdom headquartered Katoro Gold has received a green light to continue its second phase environmental and social-impact assessment (Esia) at its Tanzania-based Imweru project. “We are extremely pleased with the sustained momentum and progress on the Imweru resource development programme,” Chairperson Louis Coetzee citing that government has issued the …

LSE-listed Petra Diamonds confirms that a parcel of diamonds from the Williamson mine in Tanzania has been blocked from export to its marketing office. Petra Diamonds responds to reports that have recently appeared in the media about the findings of an investigation into the Tanzanian diamond sector by a parliamentary …

ASX-listed Kibaran Resources has completed a resettlement action plan (RAP) for the planned development of the Epanko graphite project in Tanzania. The RAP program has been conducted by Kibaran Resources in accordance with the highest global standards for social and environmental planning and achieves the performance standards prescribed by the …