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Buckle up, Tanzania! Australian gold mining giant Perseus Mining has just thrown down a cool $523 million (that’s a staggering 817 million Aussie dollars!) to unearth the glittering riches of the Nyanzaga Gold Project (NGP). This ambitious venture, set in the heart of Tanzania, promises to be the country’s first …

The development will be financed through interest-free loans from Perseus’ existing cash reserves. Credit: New Africa/Shutterstock. African-focused gold company Perseus Mining has made a final investment decision (FID) to develop the Nyanzaga Gold Project (NGP) in Tanzania with an investment of approximately $523m (A$817.08m). The updated feasibility study for the …

A promising graphite venture in Uganda has caught the eye of a major African financial institution, signaling a potential surge in investment for the burgeoning project. London-listed Blencowe Resources announced this week that the African Finance Corporation (AFC) has formally expressed interest in injecting significant funds, both through debt and …

Forget coffee and injera for a moment. Ethiopia’s earth is proving to be a veritable treasure chest, with the Ministry of Mines announcing a staggering $2.1 billion windfall from gold exports in the first nine months of the 2017 fiscal year. This glittering performance, revealed during a high-level review attended …

Global tin markets have been sent into a spin this week, with prices crashing to their lowest point in two months following news that major producer Alphamin Resources Corp is set to restart operations at its crucial Bisie mine in the Democratic Republic of Congo. Just a month ago, fears …

Johannesburg, South Africa – A Tanzanian gold producer is betting big on a golden future, commissioning a massive upgrade to its processing plant that will effectively double its output. The ambitious expansion, spearheaded by South African-linked mining equipment giant DELKOR, comes as the price of the precious metal continues its …

Johannesburg – Forget whispers of ambition; at SEW-EURODRIVE South Africa, the roar of industrial progress is echoing across the continent. Managing Director Raymond Obermeyer has declared the company’s strategic “African Strategy” is no longer just a blueprint but a thriving reality, positioning them to seize a leading role in the …

Marula Mining, an African mining and development company, has unearthed a significant high-grade manganese ore deposit in Kilifi County, Kenya, a discovery that could significantly boost the profitability of its Kilifi Manganese Processing Plant. The company revealed that channel samples taken from the Ganze region, a key area for supplying …

Achieving strength, durability, and a flawless finish in concrete structures begins with effective consolidation which is critical to ensuring that every concrete project stands the test of time. Wacker Neuson, a leading global manufacturer of top-tier light- and compact equipment, also leads the industry with advanced concrete solutions. Their range …

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has injected over $4.24 billion into the Tanzanian economy since establishing the Twiga joint venture with the government in 2019, contributing $888 million in 2024 alone.  Twiga comprises the North Mara and Bulyanhulu gold mines. At a media briefing here today, Barrick president and chief …