Tanzania

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 …

Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment. Reuters reported that Tanzania’s Parliament had passed two laws allowing government to force mining and energy companies to renegotiate their contracts. A third …

Kibo Mining has signed a deal with Lafarge Tanzania subsidiary Mbeya Cement to develop regional collaboration and to allow for reciprocal supply of materials. The contract includes discussions with regional development partners to consent to socioeconomic and related development programmes and projects in the Mbeya and Songwe regions. The deal …

Tanzania wants to join the Persian Gulf states to become one of the world’s leading natural gas exporters. A Draft agreement between the government of Tanzania and international oil companies seeking to build a 30 billion US dollar liquefied natural gas (LNG) export project is now ready, a senior official has …

Graphite developer Magnis Resources has been granted a Special Economic Zone (SEZ) licence for the development of an advanced graphite processing plant in Tanzania. Tanzania – The approval to operate within a SEZ in Tanzania will allow ASX-listed Magnis Resources to apply the advanced technologies it has been developing to …

Kibo Mining has agreed with Metal Tiger, its partner in Tanzania, to cease JV activities at the Pinewood and Morogoro projects immediately and relinquish the licences. Both Metal Tiger and Kibo Mining have experienced considerable success in respect of other projects of their business portfolios and this has led to …

Mineral sands developer Strandline Resources is rapidly pursuing development of its 100%-owned, zircon-rich Fungoni mineral sands project in Tanzania. This follows the release of the results from a drilling campaign in January, which significantly increased the contained heavy mineral (HM) of the mineral resource estimate, improved JORC classification and confirmed …

The mining ore export ban in Tanzania announced in March 2017 is unlikely to be implemented. This is the view of BMI Research. However, the company cautions that the proposal is another sign of growing governmental regulations that may limit future investment and growth in the mining sector. The Tanzanian …