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Tanzania charges officials with economic sabotage over seized diamonds

By: Reuters     18th September 2017 Tanzanian prosecutors charged two government officials on Friday with economic sabotage after they were accused of undervaluing an export-bound consignment of diamonds seized from a mine majority owned by London-listed Petra Diamonds. Archard Kalugendo, director of the State-run diamond and... 

Tanzanian leader's war for taxes puts economy in firing line

By: Bloomberg     18th September 2017 Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has been on a drive to increase revenue from natural resources... 

Tanzania says to nationalise diamond consignment seized from Petra Diamonds

By: Reuters     11th September 2017 Tanzania said on Saturday it planned to nationalise diamonds whose value it put at $29.5-million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-declaring its mineral exports. The diamonds were seized at the main airport in Tanzania's... 

Tanzanian ministers implicated in diamond-mining probe quit

By: Bloomberg     8th September 2017 Two Tanzanian ministers resigned after President John Magufuli told government officials suspected of wrongdoing in an investigation into the nation’s diamond- and Tanzanite-mining industries to step down. Edwin Ngonyani, a deputy minister of works, transport and communication, said he resigned... 

Tanzania President orders officials to resign over diamond probe

By: Reuters     7th September 2017 Tanzania's President John Magufuli said on Thursday he had ordered a review of a contract belonging to Petra Diamonds in Tanzania and asked senior public officials to resign over the outcome of a probe into the sector. "I have endorsed all the recommendations of the parliamentary probe committees... 

Tanzania President urges increased control of mineral wealth

By: Bloomberg     26th July 2017 Tanzanians are being cheated out of the country’s mineral wealth and should take more control of their natural resources, President John Magufuli said. Investors in Tanzania’s mining industry have “stolen” from the country by failing to provide a fair share of the revenue they generate from gold... 

Acacia gets almost $200bn adjusted Tanzanian tax assessments

By: Henry Lazenby     24th July 2017 The Tanzania Revenue Authority (TRA) has issued two Acacia Mining subsidiaries with adjusted tax assessments totalling nearly $200-billion in alleged unpaid taxes, penalties and interest owed. This is the latest blow to the operator, whose first-half performance this year was severely impacted by... 

Tanzania concentrate export ban weighs on Acacia’s H1 performance

By: Natasha Odendaal     21st July 2017 Tanzania’s ongoing concentrate export ban, implemented in March, has significantly impacted on LSE-listed Acacia Mining’s results for the first six months of the year. Despite delivering its highest-ever first-half production levels during the period to June, Acacia now expects production to stay... 

Burundi rare earths project on track for first production

By: Nica Schreuder     14th July 2017 Rare-earth element mining company Rainbow Rare Earths says it has made significant progress towards achieving first production at its Gakara rare earths project in Burundi, East Africa, with about $6-million has been invested in the project to date. Bolstered by Rainbow’s completion of an... 

Demand for African resources, but common codes needed

By: Simone Liedtke     14th July 2017 African mining has entered into the new up-cycle for commodities, which is fuelled by the economic growth profile in the eastern hemisphere – which includes China, Mongolia and the Pacific rim region, as well as the global uncertainty over the value of and the sustained availability of ‘cash-money’. 

Tanzania's President Magufuli says signed new mining Bills into law

By: Reuters     10th July 2017 Tanzania's President John Magufuli said on Monday he had signed into law three Bills passed by Parliament last week, that pave the way for a rise in royalties for gold and other minerals and an overhauling of contracts in the sector. "I would like to thank Parliament for making the legislative... 

Acacia Mining confirms start of negotiations with Tanzania govt

By: Megan van Wyngaardt     15th June 2017 Tanzania-based gold miner Acacia Mining’s CEO Brad Gordon on Thursday said the company would leave any disputes around back taxes for resolution during negotiations with the country’s President John Magufuli. During a teleconference, he added that the company was not prepared to comment on... 

Tanzania says Barrick agrees to pay money owed to government

By: Bloomberg     14th June 2017 Tanzania’s presidency said Barrick Gold Corp is willing to reimburse money that’s owed to the government, after President John Magufuli accused subsidiary Acacia Mining of failing to pay billions of dollars of taxes. Acacia surged as much as 11%. Barrick executive chairperson John Thornton met... 

Tanzania's Acacia spat shows deepening battle with business

By: Bloomberg     14th June 2017 Tanzanian President John Magufuli’s escalating battles with business risk alienating the very investors he needs to drive his multi-billion dollar industrialization policy. On Monday, the 57-year-old leader ratcheted up his dispute with miners by accusing Acacia Mining Plc of operating illegally... 

Acacia Mining calls for independent investigation into its Tanzanian gold concentrate exports 

By: Megan van Wyngaardt     13th June 2017 LSE-listed Acacia Mining on Tuesday called for an independent investigation into its resources and finances, following a report by a second Tanzanian Presidential committee, which claimed that the company had underdeclared its revenues and tax payments, “stretching into the tens of billions of... 

Tanzanian govt accuses Acacia of mining gold illegally

By: Bloomberg     12th June 2017 Tanzania’s government accused Acacia Mining of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped. “The committee has established that Acacia Mining has been conducting its mining business here in Tanzania contrary to the... 

Fungoni springboard for larger-scale projects

By: Tasneem Bulbulia     17th March 2017 Mineral sands company Strandline Resources intends to use the knowledge and experience gained from the development of its Fungoni heavy mineral sands (HMS) project, in Tanzania, and the operation of an active mineral sands mine to springboard the development of a succession of larger-scale... 

Secret of the Kibali mine – flying people in and gold bars out

By: Bloomberg     6th March 2017 Randgold Resources had to haul heavy equipment more than 1 000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo. The sprawling facility in a remote corner of a country the size of Western Europe is a high-tech... 

Tanzania said to pick Mota, Yapi to build $1.1bn rail

By: Bloomberg     3rd February 2017 Tanzania chose Turkish construction company Yapi Merkezi Insaat VE Sanayi As and Portuguese building firm Mota-Engil SGPS SA to build a railway at a cost of more than €1-billion ($1.1-billion) to connect the East African country with landlocked neighbors, people familiar with the matter said. The... 

Swiss company completes gas depot in Dodoma

     27th January 2017 In December, Swiss oil and gas product supplier Oryx Energies completed the construction of a new liquefied petroleum gas (LPG) cylinder filling and storage depot in Tanzania’s capital, Dodoma. This marked the end of a key phase of investment in new and upgraded LPG facilities across the country... 

Tanzania-focused mineral sands explorer appoints new leadership

By: Simone Liedtke     7th October 2016 ASX-listed mineral sands exploration company Strandline Resources recently appointed Luke Graham as MD and CEO to lead the company in the execution of strategic development opportunities in Tanzania and Australia. 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’ 

By: Martin Creamer     26th September 2016 Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

Geita mine, Tanzania

By: Sheila Barradas     9th September 2016 A gold mine about 910 km from Dar es Salaam, in Tanzania. 

Policy body advancing implementation of African Mining Vision

     8th July 2016 Policy implementation body the African Mineral Development Centre (AMDC) – established to support, promote and assist in the implementation of the objectives of the African Mining Vision (AMV) – has presented at workshops across Africa on initiatives that are expected to drive continental growth... 

Kibo to start EPC bidding process for Tanzania coal-to-power project

By: Anine Kilian     3rd June 2016 Tanzania-focused mineral exploration and development company Kibo Mining will soon start the formal engineering, procurement and construction (EPC) bid process for the power plant and coal mine components of its Mbeya coal-to-power project (MCPP). The company last month met with potential bidder... 

Peak appoints Tanzania Ambassor as special adviser

By: Samantha Herbst     2nd June 2016 ASX-listed rare earths hopeful Peak Resources announced on Thursday that it had appointed Ambassador Paul Rupia, an “internationally recognised and respected” Tanzania statesman, as special adviser to the Peak board. Rupia currently served as chairperson of DCB Commercial Bank and had held this... 

COPPER CONVOLUTION

By: Martin Creamer     1st April 2016 This scale model shows the web of underground tunnels that provide access to copper ore at the Nchanga copper mine in Chingola, Zambia. The operation forms part of Konkola, a unit of the London-listed Vedanta Resources. Konkola mines collectively produce two-million tonnes of copper ore a year... 

Tanzania LNG project makes progress

     8th February 2016 Tanzania has opened 2016 as a serious contender to Mozambique Gas reserves, and the banter of 2015, pitting the two countries together in a race to come on stream first. Recent Tanzania market developments include: 

Mineral exploration company to start drilling campaign

By: Kimberley Smuts     9th October 2015 ASX-listed mineral exploration and development company Strandline Resources will start a major drilling campaign in Tanzania once its acquisition of public Australian exploration company Jacana Minerals Tanzania has been completed, Strandline Resources tells Mining Weekly. The acquisition is... 

African opportunities depend on economic corridors and additional infrastructure 

By: Simon Rees     30th September 2015 Sub-Saharan Africa continued to face transport bottlenecks and difficulties in bringing large-scale infrastructure projects to fruition, despite increased economic growth and growing population levels, delegates were told at a recent Canada-Southern Africa Chamber of Business infrastructure... 

Zambia mining industry challenges to be alleviated – services firm

By: Mia Breytenbach     11th September 2015 Zambia’s mining industry is successfully navigating “challenging times” characterised by a power deficit, falling international commodity prices and an until recently unsustainable mining tax legislation, says professional services company KPMG. “In addition to the mining industry mitigating... 

Risk in Africa is manageable – gold miner

By: Dylan Stewart     10th July 2015 Africa is generally considered a high-risk mining environment, but gold explorer and miner Randgold Resources CEO Mark Bristow argues that the problem is rather that companies are not flexible enough to adapt their management techniques to different mining environments.  

Edenville progresses in-country talks with potential Chinese partner

By: Natasha Odendaal     8th July 2015 China-headquartered Shandong Electric Power Construction No 2 Company (Sepco2) has gained greater insight into the workings of Aim-listed Edenville Energy’s coal-to-power project in south-western Tanzania following the conclusion of the first in a series of in-country meetings. The... 

Canadian firm eyeing 112 000 oz Tanzania gold project

By: Ilan Solomons     3rd July 2015 Canadian gold producer and investments company AfroCan Resources Gold aims to acquire a Tanzanian property with a 112 000 oz inferred resource. AfroCan CEO Brian Barrett tells Mining Weekly that the company is evaluating exploration company Tanzania Royalty Exploration Corporation’s (TREC’s)... 

Acacia appoints COO

By: Creamer Media Reporter      4th June 2015 Tanzania-focused Acacia Mining has appointed Michelle Ash COO. Ash, who would be based in Dar es Salaam, joined Acacia as executive GM of business improvement and planning in October 2013 and had more than 20 years of experience within the mining and manufacturing industries across a range of... 

Botswana still auspicious mining jurisdiction

By: Mia Breytenbach     20th February 2015 Having ranked consistently as one of the top mining jurisdictions in Africa, Botswana remains a favourable mining destination for investment – despite current infrastructure challenges and the global economic downturn, mining consultancy Core Consultants MD Lara Smith tells Mining Weekly. She... 

Logistics group expands offering and footprint in Africa

By: Ilan Solomons     23rd January 2015 Tanzania-headquartered integrated logistics solutions provider Alistair Group will launch a new integrated supply service at the 2015 Investing in African Mining Indaba. Alistair Group business development director Clementine James tells Mining Weekly that, in the first quarter of this year, it... 

Zest Weg Group Wins Major Contracts From Arcelormittal

     8th December 2014 The Zest WEG Group is showcasing its full suite of products and manufacturing capabilities at a flagship infrastructure and iron ore mining project in Liberia. This follows Group company EnI Electrical clinching two major contracts for ArcelorMittal at Buchanan Port in Liberia as well as at the... 

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