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Tanzania's Magufuli threatens to shut mines if firms delay tax talks 

By: Reuters     21st July 2017 Tanzania's President John Magufuli has threatened to close down all gold mines in the country if mining companies delay talks with his government aimed at resolving allegations of tax evasion. The announcement by Magufuli, nicknamed "the Bulldozer" for his forceful leadership style, marks a... 

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... 

Shanta to review cost base in light of new legislation, higher royalties

By: Creamer Media Reporter      19th July 2017 East Africa-focused Shanta Gold is undertaking a business review of its operational and cost base in Tanzania, where it operates the New Luika mine, following the introduction of new legislation and higher royalty rates. The Tanzanian Parliament earlier this month enacted the Natural Wealth and... 

Volt signs fourth graphite offtake agreement

By: Esmarie Swanepoel     17th July 2017 Graphite developer Volt Resources has signed a fourth offtake agreement with a Chinese customer, filling in full the Stage 1 capacity of its Namangale project, in Tanzania. Qingdao Tianshengda Graphite has signed an offtake term sheet for an initial 10 000 t/y of flake graphite product from the... 

Kibo unaffected by Tanzania mining legislation changes

By: Anine Kilian     14th July 2017 Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment. Reuters reported that Tanzania’s Parliament had passed two laws... 

Acacia to meet higher Tanzanian royalty rate on metal exports

By: Reuters     14th July 2017 Gold miner Acacia Mining Plc on Friday said the company would meet the increased royalty rate of 6 percent imposed on metals such as gold, copper and silver under new Tanzanian natural resources legislation. The rate has been raised from 4 percent and is in addition to the recently imposed... 

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’. 

Pockets of potential bode well for future

By: Nica Schreuder     14th July 2017 The expected turning point in the African mining sector has not yet occurred, owing to continued soft economic growth in emerging economies allied to uneven global economic recoveries, divergent monetary policies and significant geopolitical/social issues, which continue to create further... 

AngloGold initiates arbitration proceedings over new Tanzania legislation

By: Ilan Solomons     13th July 2017 Concerned about newly enacted legislation in Tanzania, gold mining major AngloGold Ashanti is seeking a “constructive dialogue” with the Tanzania government to gain assurance that its operations will not be affected by newly enacted legal and fiscal changes to the country’s mining legal regime.... 

Africa remains tough but attractive mining destination

By: Nica Schreuder     13th July 2017 Despite potential risk factors associated with mining in Africa, mining services provider Fraser Alexander executive business development head Ken Bouch says the rewards make it worth investing in the mineral-rich continent. 

Chinese consortium reaffirms commitment to Graphex’s Tanzania project

By: Esmarie Swanepoel     13th July 2017 The share price of graphite developer Graphex Mining rose by nearly 35% on the ASX on Thursday after the company’s Chinese partners reaffirmed their commitment to the Chilalo project, in Tanzania. Graphex told shareholders that it had revised the terms of a proposed joint venture (JV) and equity... 

Katoro’s Imweru drill programme ahead of schedule

By: Anine Kilian     12th July 2017 Gold exploration and development company Katoro Gold’s infill drilling programme at its Imweru gold project, in Tanzania, is progressing significantly better than planned and is currently ahead of schedule and below budget. Owing to the strong drill performance and significant cost savings made... 

Edenville’s coal wash plant ready to be transported to Rukwa

By: Anine Kilian     12th July 2017 The coal wash plant for use at Aim-listed Edenville Energy’s Tanzania-based Rukwa coal mine has been cleared through Tanzanian customs and is being readied for transport to site.  The wash plant is expected to arrive on site during the second half of July. 

Epanko financing not affected by Tanzanian laws

By: Esmarie Swanepoel     12th July 2017 Graphite developer Kibaran Resources on Wednesday told shareholders that the recent legislative changes in Tanzania were unlikely to affect project funding for the Epanko project. The company has held discussions with its international banking partners, which has supported Kibaran throughout the... 

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... 

Australian miners emerge unscathed from Tanzania mining law changes

By: Esmarie Swanepoel     7th July 2017 A number of Australian juniors operating in Tanzania have emerged from the rubble of the recent legislative changes, largely unscathed. Several Tanzania-focused companies resumed share trading on the ASX on Friday, telling shareholders that the legislative changes passed by the Tanzanian... 

Joint venture reopens graphite mine in Mozambique

By: Keith Campbell     7th July 2017 The Ancuabe graphite mine in Mozambique’s Cabo Delgado province was re-opened on June 28, following 18 years of inactivity. This was the result of a private sector investment of €12-million in the project. The mine is now operated by GK Ancuabe Graphite Mine Sociedade Anônima, which is a joint... 

Walkabout to review DFS for Tanzania project

By: Esmarie Swanepoel     6th July 2017 Graphite developer Walkabout Resources on Thursday told shareholders that it would review the definitive feasibility study (DFS) results for its Lindi Jumbo project, to assess the impact of the Tanzanian government’s legislative changes on the project economics. The Tanzanian Parliament earlier... 

Uranium Resources receives mining licence for Tanzania operations

By: Megan van Wyngaardt     5th July 2017 Uranium Resources’ major shareholder, Estes, on Wednesday confirmed that it would continue to fund the company’s ongoing working capital requirements while the company reviews alternative financing arrangements.  To date, Estes has provided unsecured loans totalling $1.8-million, which are now... 

AngloGold to study new Tanzanian mining laws

By: Megan van Wyngaardt     5th July 2017 AngloGold Ashanti on Wednesday said it would, in the context of its existing mine development agreement with the government of Tanzania, analyse new laws that may impact on its operations and take steps from there. The company operates the Geita mine, which produced 489 000 oz of gold in 2016, in... 

Australian miners halt trading on Tanzanian law changes

By: Esmarie Swanepoel     5th July 2017 A slew of Australian mining companies have suspended share trading on the ASX amid legislative changes in the Tanzanian mining sector. The Tanzanian Parliament earlier this week passed two laws allowing the government to force mining companies to renegotiate contracts, with a third Bill... 

Tanzania turns up heat on overseas miners with State stake law

By: Reuters     5th July 2017 Tanzania put more pressure on foreign mining companies on Tuesday by amending mining and tax laws to make it mandatory for the State to own at least 16% of mining projects, while also raising export royalties. Parliament passed the bill unanimously, the State-run Tanzania Information Services said. 

Notices of arbitration served in Tanzania – Acacia

By: Megan van Wyngaardt     4th July 2017 Notices of arbitration have been served in Tanzania on behalf of Bulyanhulu Gold Mine Limited (BGML) and Pangea Minerals Limited (PML), which hold Acacia Mining’s Bulyanhulu and Buzwagi mines. Acacia said in a statement on Tuesday that the notices referred the current disputes between Tanzania’s... 

Kibo monitoring Tanzania mining legislation changes

By: Anine Kilian     4th July 2017 Tanzania-focused exploration and development company Kibo Mining is reviewing pending mining legislation changes in Tanzania. The Aim- and JSE-listed company, which is developing the Mbeya coal-to-power project (MCPP) in the country, on Tuesday said it would continue to monitor the situation... 

Kenya reviews mining laws as industry struggles to grow

By: Bloomberg     4th July 2017 Kenya is reviewing its mining code, a year after enacting new legislation, as it seeks to attract investment into an industry that’s barely grown over the past five years. The government is working with the UK Department for International Development-funded Extractives Hub to come up with a... 

Tanzania passes laws on renegotiation of mining, gas contracts

By: Reuters     4th July 2017 Tanzania's Parliament passed two laws on Monday allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. Businesses have complained that they feel President John Magufuli is unfairly squeezing them... 

Mixed reaction from Australian miners to Tanzania mining law proposals

By: Esmarie Swanepoel     3rd July 2017 Australian miners have responded with mixed feelings to the announcement of possible legislative changes in Tanzania. Three Bills that were recently submitted to the Tanzanian Parliament would allow the government to force mining and energy companies to renegotiate contracts. 

Acacia paid $184m in taxes to governments in 2016

By: Megan van Wyngaardt     30th June 2017 Gold miner Acacia Mining paid $184-million to the governments of countries where it operates in 2016. Of this, $88.11-million in income tax and royalties was paid the government of Tanzania. When payroll-related and other taxes are included, this figure rises to 165-million. 

Acacia Mining reviewing Tanzania’s proposed legislative changes

By: Natasha Odendaal     29th June 2017 Gold miner Acacia Mining is reviewing the proposed legislative changes to the legal framework governing the natural resources sector in Tanzania. This followed the recent publication of draft legislation, which is expected to be debated by the country’s Parliament in an extended Parliamentary... 

Tanzania laws would allow govt to tear up mining, energy deals

By: Reuters     29th June 2017 The Tanzanian government submitted three Bills to parliament on Thursday that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors. It was not immediately clear how the proposed renegotiation of... 

AngloGold to restructure South African mines to ensure viability

By: Martin Creamer     28th June 2017 Gold mining company AngloGold Ashanti has begun consulting with employees on placing the 59-year-old Savuka mine and the 36-year-old Kopanang mine on care and maintenance, and evaluating the integration of the 60-year-old TauTona mine into the neighbouring Mponeng mine, which is being set up as a... 

Australia joins lithium-ion battery 'gigafactory' race

By: Mariaan Webb     28th June 2017 Plans to build lithium-ion battery plants in Australia are moving apace, with at least two proposals on the table for 'gigafactories' in Queensland and the Northern Territory. A consortium led by Boston Energy and Innovation announced on Wednesday that it had selected a site for a planned... 

Tanzania eyes hydropower project in game reserve despite criticism

By: Reuters     28th June 2017 Tanzania said on Tuesday it plans to build a long-delayed 2 100 MW hydroelectric plant in a World Heritage site renowned for its animal populations and variety of wildlife habitats despite opposition from environmentalists. The East African nation considers the project at Stiegler's Gorge in the... 

Consolidation key to Sarama’s success in Burkina Faso’s best gold belt

By: Henry Lazenby     27th June 2017 Asset consolidation in the southern Houndé gold belt, in Burkina Faso, is critical to Perth, Western Australia-based project developer Sarama Resources successfully establishing “a mine or two” in the region. The company, which is incorporated in Canada’s province of British Columbia and has its... 

Rio continues with Strandline earn-in

By: Esmarie Swanepoel     26th June 2017 The exploration arm of mining major Rio Tinto is expected to make its first $500 000 payment to ASX-listed junior Strandline Resources after completing a due diligence on that company's heavy mineral sands tenements in Tanzania. Rio Tinto and Strandline in April this year inked an earn-in and... 

Volt garners more Chinese interest

By: Esmarie Swanepoel     23rd June 2017 Graphite developer Volt Resources has signed an offtake agreement with China’s Guangxing Electrical Materials (GEM) for 5 000 t/y of flake graphite concentrate from the Stage 1 production of the Namangale project, in Tanzania. The company said on Friday that it was hoping to finalise a binding... 

Armadale trenching programme intercepts high-grade graphite

By: Anine Kilian     21st June 2017 A trenching programme at Aim-listed Armadale Capital’s Mahenge Liandu graphite project, in Tanzania, has intersected high-grade, coarse-flake mineralisation over a width of 73 m.   Three additional trenches are being excavated to support structural modelling of the deposit and prioritise... 

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