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Tanzanian Gold Rush: Aussie Miner Drops Half a Billion to Dig for Treasure

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 …

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Perseus commits $523m to develop Nyanzaga Gold Project in Tanzania

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 …

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Ugandan Graphite Project Sparks Investor Frenzy as African Finance Giant Eyes Major Stake

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 …

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