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Tanzania’s glittering mining sector, a long-standing pillar of its economy, is under the microscope following a damning new report by Global Financial Integrity (GFI). The report, “Illicit Financial Flows Risks Related to Beneficial Ownership in the Mining Sector in Tanzania,” paints a stark picture of how shadowy dealings and regulatory …

Forget the dusty stereotypes of hard hats and grizzled men – a new force is reshaping the very bedrock of Africa’s mining industry. From Botswana’s glittering diamond deals to Uganda’s copper revival and Malawi’s burgeoning rare earth ambitions, women are not just participating; they are leading the charge, forging a …

Condition monitoring specialist company, WearCheck, examines a very special class of additives that is gaining importance as the technical demands placed on lubricants continue to grow at an ever-increasing rate – Viscosity Index Improvers (VIIs). What are they? Polymers and copolymers of methacrylates, butadiene olefins and alkylated styrenes.   What …

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 …