Tanzania

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 …

Australian miner, Walkabout Resources has submitted a mining licence application for the Lindi Jumbo Project in Tanzania. This comes amid a moratorium on awarding of mining licences and special mining licences, recently put in force by John Magufuli’s government. Trevor Benson, Walkabout Resources Executive Chairman said the application has been …

Shanta Gold has cancelled its proposed £3.5-million buyout of TSX-V-listed Helio Resources in Tanzania. The country’s new mining legislation has been cited as a potential influencer to the termination of the deal. “Accordingly, having taken professional advice and upon due consideration, Shanta Gold will not be acquiring all of the …

The share price of graphite developer Graphex Mining rose by nearly 35% on the ASX  last week after the company’s Chinese partners reaffirmed their commitment to the Chilalo project, in Tanzania. Graphex told shareholders that it had revised the terms of a proposed joint venture (JV) and equity investment agreement …

Graphite developer Kibaran Resources recently told shareholders that the recent legislative changes in Tanzania were unlikely to affect project funding for the Epanko project. The company has held discussions with its international banking partners, which has supported Kibaran throughout the bankable feasibility study (BFS) process, and which now remain supportive …

Gold miner Acacia Mining Plc recently announced that the company would meet the increased royalty rate of 6% imposed on metals such as gold, copper and silver under new Tanzanian natural resources legislation. The rate has been raised from 4% and is in addition to the recently imposed clearing fee …