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Tanesco to seal power purchase agreement with Kibo

Kibo Mining has almost concluded securing project financing for its Mbeya coal-to-power project (MCPP) in Tanzania. The development comes at the backdrop of ongoing power purchase agreement negotiations with Tanzania power utility Tanesco. The company has passed all the relevant legislative stages and is awaiting final confirmation from Tanzania’s Attorney …

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Volt Resources changes name in 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 …

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Tanzania builds walls around gemstone mines

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 …

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