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Tanzania’s actions credit negative for Petra Diamonds

Petra Diamonds has temporary suspended operations at its Williamson Mine in Tanzania. The development comes after a government seized diamonds over valuation dispute on exports packages. Tanzania has indicated intentions to nationalise diamonds seized from Petra Diamonds, estimated to be worth $14.7 million by Diamonds and Gemstones Valuation Agency (DGVA). …

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Kenya’s laws close out foreign miners

East Africa’s member states’ mining and engineering laws are weighing down on free movement of labour in the bloc. Over the last two years, East African countries have introduced at least six new laws that make it difficult for people to move and work freely in the region. Kenya leads …

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Tanzania’s Imweru project to start work on second Esia

United Kingdom headquartered Katoro Gold has received a green light to continue its second phase environmental and social-impact assessment (Esia) at its Tanzania-based Imweru project. “We are extremely pleased with the sustained momentum and progress on the Imweru resource development programme,” Chairperson Louis Coetzee citing that government has issued the …

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