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Diamond production at Petra’s operations flat during rainy season

By: Megan van Wyngaardt     24th April 2017 LSE-listed Petra Diamonds’ production of 999 768 ct for the third quarter, ended March 31, was only marginally higher than the 995 905 ct it produced in the same quarter of 2016. However, run-of-mine (RoM) production for the quarter increased 18% to 760 916 ct, as RoM grades improved owing to the... 

Tanzanian graphite project proves positive for Black Rock

By: Esmarie Swanepoel     24th April 2017 A prefeasibility study (PFS) into the Mahenge graphite project, in Tanzania, has estimated that the project cold produce some 167 000 t/y of high purity graphite over a mine life of 32 years. ASX-listed Black Rock Mining said on Monday that the project will require a capital investment of some... 

Armadale receives encouraging results for graphite project

By: Megan van Wyngaardt     21st April 2017 Initial testwork at Armadale’s Mahenge Liandu graphite project, in Tanzania, continue sto indicate that it is capable of producing high-quality graphite concentrates, with possible expansion up to 480 cm³/g. The Aim-listed company said the results further increase the range of potential... 

Shanta reports higher Q1 production, improved margins

By: Mia Breytenbach     21st April 2017 Aim-listed Shanta Gold’s New Luika mine, in Tanzania, produced 20 416 oz of gold in the quarter ended March 31, improving the company’s margins and keeping it on track to meet its 2017 guidance. “Shanta had a promising start to the financial year with more ounces produced, at a greater margin... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Tanzania export ban weighs on Acacia’s Q1 cash flow

By: Megan van Wyngaardt     20th April 2017 The Tanzania Ministry of Energy and Minerals’ decision to introduce a general ban on the export of metallic mineral concentrates has had a $33-million negative impact on Acacia Mining’s cash flow for the first quarter, ended March 31. The Ministry announced the ban on March 3, following a... 

Kibo Mining signs supply MoU with Mbeya Cement

By: Megan van Wyngaardt     20th April 2017 Dual-listed Kibo Mining has signed a strategic memorandum of understanding (MoU) with Lafarge Tanzania subsidiary Mbeya Cement, to develop regional collaboration and to allow for reciprocal supply of materials. The MoU includes discussions with regional development partners to allow socioeconomic... 

Edenville’s coal wash plant nearly ready for shipment to Tanzania

By: Anine Kilian     19th April 2017 The coal wash plant for use at Edenville Energy’s Rukwa coal mine has been delivered to port in the UK and inspected and cleared by the appropriate authorities, ready for shipment to Tanzania. The first of the shipments is expected to leave the UK this month and will take six weeks to arrive in... 

Revised mine plan, updated reserves extend life of Tanzania gold mine

By: Mia Breytenbach     14th April 2017 East Africa-focused gold producer, developer and explorer Shanta Gold has announced a revised mine plan for its New Luika gold mine, in Tanzania, for January 2017 to December 2023, as well as an updated reserve plan for the mine. “The revised mine plan highlights the true prospectivity and future... 

Peak ramps up offtake, financing talks for rare earths project

By: Esmarie Swanepoel     12th April 2017 Australian project developer Peak Resources is moving forward with financing discussions and mining licence applications for its planned Ngualla rare earths project, which is estimated to cost $356-million. The integrated project comprises the Ngualla mine, in Tanzania, and a refinery in the UK. 

Edenville expands Mkomolo licence area

By: Natasha Odendaal     6th April 2017 Aim-listed Edenville Energy on Thursday said its mining licence ML362/2016, covering its Mkomolo coal project, in south-west Tanzania, has been enlarged to 9.88 km². The amalgamation of the 14 primary mining licences located at Mkomolo is now entirely held in one continuous licence area under the... 

Walkabout reports maiden reserve at Lindi

By: Esmarie Swanepoel     4th April 2017 Graphite developer Walkabout Resources has reported a proven and probable maiden ore reserve of five-million tonnes, grading 16.13% total graphitic carbon, for 809 081 t of graphite concentrate at its Lindi jumbo graphite project, in Tanzania. “This reserve delivers the highest mill feed grade of... 

Kibaran lifts Epanko resource by 40%

By: Esmarie Swanepoel     31st March 2017 Junior graphite developer Kibaran Resources has reported a 40% increase in the mineral resource at its Epanko project, in Tanzania. The company on Friday reported that the mineral resource was now estimated at 30.7-million tonnes, grading 9.9% total graphitic grade for 3.05-million tonnes of... 

Slag use in building system offers multiple benefits

     31st March 2017 Alternative construction system company Moladi has developed a means of incorporating mine slag into its Moladi mix, offering mining companies a viable method for recycling their waste material and reduced construction costs when developing mine-site accommodation. Moladi founder and CEO Hennie... 

Kibo to implement diversified production strategy for Mbeya

By: Natasha Odendaal     30th March 2017 Dual-listed Kibo Mining is adopting a diversified production strategy for the Mbeya coal mine, in Tanzania, which could potentially result in production starting earlier than planned. This followed a “careful study” of the Mbeya coal-to-power project (MCPP) integrated bankable feasibility study... 

Mining starts at Edenville’s Rukwa project

By: Megan van Wyngaardt     30th March 2017 Mining has started at Aim-listed Edenville Energy’s Rukwa coal-to-power project, with the crushing of several hundred tonnes of coal already completed. The miner on Thursday said the majority of the coal produced so far has been crushed using a temporary crushing facility Edenville refurbished... 

Africa needs nuclear energy – Rosatom 

By: Keith Campbell     30th March 2017 Sub-Saharan Africa has a real need for, and rapidly growing interest in, nuclear power. This was affirmed by Rosatom International Network Regional VP: Sub-Saharan Africa Viktor Polikarpov at the Nuclear Africa 2017 conference on Wednesday. Rusatom International Network is part of Russia's... 

Tanzania orders audit of mining companies' earnings over taxes

By: Reuters     29th March 2017 Tanzania's President John Magufuli has ordered a special audit of mining companies to determine if they pay their fair share of taxes to the East African country. Mining contributes 3.5% of the gross domestic product (GDP) in Tanzania, Africa's fourth-largest gold producer, but the government... 

Armadale starts graphite exploration programme at Tanzania mine

By: Megan van Wyngaardt     29th March 2017 An exploration programme at dual-listed Armadale Capital’s Mahenge Liandu graphite project in Tanzania, aimed at upgrading its resource estimate, has kicked off. The project currently has an existing Joint Ore Reserves Committee-compliant inferred mineral resource estimate of 40.9-million tonnes... 

OreCorp to raise A$20.6m to fast-track Tanzania project

By: Esmarie Swanepoel     29th March 2017 ASX-listed OreCorp will raise A$20.6-million through a share placement to institutional and sophisticated investors to fast-track the development of its Nyanzaga gold project, in Tanzania. The company will place 43-million ordinary shares at an issue price of 48c each to investors in North... 

Acacia rebuffs reports that it violated Tanzanian concentrate export ban

By: Henry Lazenby     28th March 2017 London-listed gold producer Acacia Mining has denied allegations that it is trying to export gold and copper concentrates from Tanzania, despite the ban instituted by that country's government. Neither the company nor its customers have attempted to export gold and copper concentrates, the... 

Revised mine plan, updated reserves extend life of Shanta’s New Luika mine

By: Mia Breytenbach     24th March 2017 Aim-listed Shanta Gold has announced a revised mine plan for its New Luika gold mine, in Tanzania, for January 2017 to December 2023, as well as an updated reserve plan for the mine. The revised mine plan is expected to result in a 39% increase in forecast gold production for 2017 to 2023, from... 

Tanzania gold export ban costing Acacia $1m a day in lost revenue

By: Megan van Wyngaardt     24th March 2017 The recent implementation of a gold and copper exports ban by the Tanzanian government is costing its largest gold miner, Acacia Mining, an average of $1-million a day in revenues. LSE-listed Acacia Mining on Friday said it was now taking a “range of actions” at its Bulyanhulu and Buzwagi mines... 

More focus needed on ESG factors

By: Johane Turkstra     24th March 2017 Mining companies operating globally need to pay greater attention to their social licence to operate in terms of the environmental, social and governance (ESG) factors associated with their projects, says mining industry consultant MSA principal environmental consultant Robin Bolton.... 

Kibo Mining positions for power purchase agreement with the Tanzanian government

By: African News Agency      23rd March 2017 Kibo Mining said on Thursday that it was well placed to conclude negotiations on a power purchase agreement (PPA) with the Tanzanian government following the completion of restructuring and policy changes at the State-owned power supplier. This comes after Tanzania president John Magufuli in... 

Master Drilling boasts strong order book 

By: Megan van Wyngaardt     22nd March 2017 The launch of new projects in the Democratic Republic of Congo, Sierra Leone and Tanzania, paired with increased investment in human resources, has resulted in a 12.1% drop in JSE-listed Master Drilling’s gross profit to $23.5-million for the 2016 financial year. However, the company noted that... 

Endeavour, Acacia end merger talks

By: Henry Lazenby     22nd March 2017 Canadian gold miner Endeavour Mining has halted discussions with London-listed Acacia Mining regarding a potential merger. Endeavour, which operates a portfolio of gold mines in West Africa, has held talks with Acacia – which is majority owned by Canada's Barrick Gold – since mid-January. 

Ngualla gets environmental nod

By: Esmarie Swanepoel     20th March 2017 ASX-listed Peak Resources has secured an environmental certificate for its Ngualla rare earths project, in Tanzania. “The issuance of the environmental certificate for Ngualla is a major milestone in the permitting of the project. With the bankable feasibility study also now nearing completion,... 

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... 

Tanzanian ore export ban unlikely to be implemented – BMI

By: Megan van Wyngaardt     16th March 2017 Recent policies aimed at bolstering fiscal revenues, and a crackdown on tax evasion by the Tanzanian government, will increase investor uncertainty across various sectors and have a direct negative impact on the country's future growth, BMI Research's Africa Country Risk team said on Thursday.... 

Nyanzaga could be a winner – OreCorp

By: Esmarie Swanepoel     13th March 2017 A prefeasibility study (PFS) into the Nyanzaga gold project, in Tanzania, shows the project can deliver an estimated 213 000 oz/y of gold over a 12-year mine life. ASX-listed OreCorp on Monday reported that a capital investment of some $287-million would be required to develop the project, with... 

Cradle board supports Tremont takeover offer

By: Esmarie Swanepoel     10th March 2017 The board of ASX-listed Cradle Resources has urged shareholders to accept a A$55-million takeover offer from joint venture partner Tremont Investments. Tremont, which holds a 50% interest in the Panda Hill niobium project, in Tanzania, was offering Cradle shareholders 33c in cash for each Cradle... 

Power & Electricity World Africa 2017

     9th March 2017 Africa’s largest power and electricity show - Power & Electricity World Africa 2017 celebrates its 20th anniversary. The show welcomes over 7000 attendees and hosts a mecca of solution providers spanning 3 halls and thousands of square meters. Taking place in Johannesburg South Africa, this is a... 

Shanta confident of Q2 maiden resource for Nkuluwisi

By: Natasha Odendaal     8th March 2017 A maiden resource for the Nkuluwisi prospect, located near the New Luika gold mine, in southwest Tanzania, is on track for delivery in the second quarter of 2017, Aim-listed Shanta Gold said on Wednesday. The reverse circulation (RC) drilling results of the Nkuluwisi mineralised target are... 

Edenville appoints consulting engineer, coal engineer for Rukwa

By: Megan van Wyngaardt     6th March 2017 Aim-listed Edenville Energy has appointed a consultant mining engineer to oversee the mining development and efficient operation of its Rukwa coal-to-power project, in western Tanzania. The unnamed engineer has over 20 years of experience in the resources industry, including ten years on the... 

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 bans metals, minerals exports in bid to increase domestic beneficiation 

By: Megan van Wyngaardt     3rd March 2017 Aim-listed Acacia Mining on Friday said it had ceased exports of gold and copper concentrate from its operations in Tanzania, following a directive from the country’s Ministry of Energy and Minerals that all such exports be banned. In a statement, Acacia said it was urgently seeking further... 

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