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Mining in Tanzania
Coal handling, sales contract signed in Tanzania
15th April 2022 UK-based energy producer Edenville Energy announced in February that its subsidiary Edenville International Tanzania Limited (EITL) has entered into a contract with coal handling services company Nextgen Coal Mine for the operation of the company’s Rukwa coal project in Tanzania. The contract is... →
Tanzanian project continues to develop
15th April 2022 Aim-quoted investment company Armadale Capital announced in February that it had made further progress in developing its mining lease at the Mahenge Liandu project in Tanzania, as part of ongoing plans to hasten commercial operations. It announced that the board had applied for three incremental... →
Investor announces sell down of equity position
15th April 2022 Investment adviser Appian in February announced a strategic sell-down of its equity position to global rare earths company Shenghe Resources. At the time, Appian noted it had substantially exited its position in ASX-listed Peak Rare Earths, generating strong risk adjusted returns for its investors. →
Oxide mill expansion successfully ramped up
15th April 2022 Gold producer Tanzanian Gold Corporation, referred to as TanGold, announced in February that the first phase of the oxide mill expansion of 360 t/d at the Buckreef Gold project is now fully commissioned, and production has successfully ramped up to design capacity. TanGold also cited its... →
Debt funding hampers promising graphite project
By: Nadine Ramdass 9th April 2021 The recent changes in Tanzanian mining legislation, combined with the dispute between gold producer Acacia Mining and the Tanzanian government, have created apprehension among investors, particularly in terms of investment in greenfield projects. However, Walkabout Resources intends to... →
Government ushers in local participation
By: Nadine Ramdass 9th April 2021 There have been multiple changes and amendments to mining legislation, with a focus on mineral beneficiation and local content to encourage local participation. The mineral beneficiation regulations, introduced in 2018 and amended in 2019, require that any person interested in beneficiating... →
Gold producer embraces sector improvements
By: Nadine Ramdass 9th April 2021 A common theme in the recent changes to Tanzanian mining legislation is an increased focus on local content and securing the needs of the country, but the focus also appears to be finding a middle ground between the expectations of foreign investors and those of Tanzanians. This is a balance that... →
Legislative changes impose challenges
By: Nadine Ramdass 9th April 2021 The changes in Tanzania’s mining legislation over the past four years, combined with the tax disputes between government and some mining companies, have made international investors wary. However, recent amendments to mining legislation show that the late President John Magufuli was attempting to... →
Prioritised ESG enables community growth
9th April 2021 The Covid-19 pandemic and resulting challenges have highlighted the need for companies to prioritise environmental, social and corporate governance (ESG) in order to safeguard the communities they work with, particularly in the mining industry where mines are often based in rural communities,... →
Orica
9th April 2021 Orica is the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying, oil and gas and construction markets, a leading supplier of sodium cyanide for gold extraction, and a specialist provider of ground support services in mining and tunnelling. →
Rare earths project diversifies sector
By: Nadine Ramdass 9th April 2021 Increased interest in a green economy and critical minerals is leading to new mining and investment opportunities in Tanzania such as ASX-listed rare earths mining company Peak Resources’ Ngualla rare earths project. “The Ngualla project is based on one of the largest and highest-grade... →
Company provides flexible power for Tanzanian mines
By: Cameron Mackay 10th April 2020 Mining companies in Tanzania continue face the challenge of ensuring continuous and stable power to their operations, and that their carbon footprint is reduced. Global energy services provider Aggreko, a company specialising in temporary power solutions, aims to support its mining clients in... →
Covid-19 impact might extend to resource nationalisation
By: Cameron Mackay 10th April 2020 The spread of Covid-19 is likely to significantly impact on the Tanzanian mining and natural resources sector. This could be exacerbated by artisanal, small-scale and illegal mining, which could further pose health and environmental concerns, according to multinational law practice Eversheds... →
Gold miner announces doubling of resources
10th April 2020 Gold miner Tanzanian Gold Corporation announced last month that it had received an update of the estimated mineral resources in the company’s Buckreef Shear Zone, from engineering services provider Virimai Projects, the company’s technical adviser. The update more than doubles the estimated... →
GOLD DOUBLE UP The updated mineral resource for the Buckreef Shear Zone, measured and indicated, totals about 40.9-million tonnes grading 1.73 g/t and comprising 2.27-million ounces of gold
Resource nationalism on Tanzanian agenda
By: Mamaili Mamaila 11th October 2019 The primary trend in Tanzanian mining – as is the case with many African jurisdictions – is resource nationalism, says multinational law practice Eversheds Sutherland mining and infrastructure head Warren Beech. →
Shanta’s training improves livelihood of miners
By: Mamaili Mamaila 11th October 2019 With artisanal mining underpinning the livelihoods of many families in Tanzania, the risk remains that informal mining is not conducted safely, says Tanzanian gold mining company Shanta Gold CEO Eric Zurrin. →
Potential to expand mineral sands project
12th October 2018 The latest drilling results from Australian mineral exploration and development company Strandline Resources show there is significant potential to expand its 100% owned Tanga South Tajiri mineral sands project in Tanzania. The reconnaissance drilling returned multiple intersections of high-grade... →
Armadale releases half-year results
12th October 2018 Australian investment company Armadale Capital released its half-year report in September, showing a 25% resource upgrade proving that the Mahenge Liandu project is a significant discovery and detailing the completion of various projects. Armadale has been focusing on the scoping study and... →
Encouraging results from maiden drill
12th October 2018 The assay results from Australian mineral exploration and development company Strandline Resources maiden air-core (AC) drill programme and the second round of auger drilling at the Bagamoyo (BG) mineral sands project in Tanzania have provided the company with encouraging results. The BG-2... →
Graphex positive common ground to be found
By: Erin Steenhoff-Snethlage 12th October 2018 Australian mineral exploration and development company Graphex Mining submitted a 200-page document to the Tanzanian Ministry of Minerals earlier this month. The submission contains recommendations regarding the new mining legislation that was announced in Tanzania in July 2017. “At one of our... →
Ore Corp increases shareholding
12th October 2018 Australian development company Ore Corp received approval from the Tanzanian Fair Competition Commission (FCC) to increase its interest in the Nyanzaga Mining Company Limited (NMCL) to 51%. However, the move remains subject to the approval of the newly established Mining Commission. The... →
Shanta looking to positive future in Tanzania
By: Erin Steenhoff-Snethlage 12th October 2018 Amid recent changes to Tanzanian mining legislation that has emphasised localisation, Guernsey-based East Africa gold producer Shanta Gold remains optimistic about its future mining prospects in the country, says Shanta Gold CEO Eric Zurrin. “The new legislation has worked in our favour, as we... →
Tanzanian mining sector facing tough times
13th October 2017 The Tanzanian mining sector has been hardest hit by regulatory changes in the country, with investors in other sectors also adopting a more cautious stance, which will present headwinds to growth in the long term, says research firm BMI Research. A recent dispute between the Tanzanian government... →
MINING DIFFICULTIES Recent regulatory changes have increased the difficulties of mining in Tanzania
ASX-listed company shares views on new legislation
13th October 2017 ASX-listed Magnis Resources has received and reviewed initial legal advice on the new legislative amendments to the legal framework governing the mining and natural resources sector in Tanzania and its impact on the company’s activities in Tanzania. The legal advice confirms the in-country... →
THREE NEW BILLS The Tanzanian government has introduced three new Bills that will affect Magnus Resources’ mine in the country
Development plan for gasfield submitted for approval
13th October 2017 Oil and gas company Aminex has submitted a development plan for the Ntorya field, located onshore in the Ruvuma basin, in Tanzania, to the Tanzania Petroleum Development Corporation (TPDC) for approval. →
Investor support for Tanzania-focused company
13th October 2017 All subscribers to the convertible loan notes issued on September 27 by Tanzania-focused mineral exploration and development company Kibo Mining have elected to convert the notes to Kibo shares. The notes were converted at a Kibo share price of £0.05, which was calculated in accordance with the... →
TANZANIAN COAL TO POWER Kibo is undertaking twin track development at Mbeya comprising a coal mine based on the existing coal resources and a 250 MW to 300 MW mouth-of-mine thermal power plant – the Mbeya coal-to-power project
Mining licence application submitted to Tanzanian govt
13th October 2017 Junior graphite developer Walkabout Resources has submitted a mining licence application to the Ministry of Energy and Minerals of Tanzania for the Lindi Jumbo mine. The application, submitted last month, was prepared in compliance with the recently promulgated amendments to Tanzania’s Mining Act... →
Legislation not expected to significantly impact on niobium mine
13th October 2017 A significant proportion of the much discussed new legislation that has been implemented in Tanzania is not expected to impact ASX-listed Cradle Resources or its jointly-owned niobium mining company Panda Hill Tanzania (PHT), says Cradle Resources. The new legislation is contained in three bills... →
Soil sampling, mapping suggest new gold targets
13th October 2017 A large soil anomaly with a peak value of 0.25 g/t gold has been discovered at the New York target area of ASX-listed Tanga Resources’ Hanang gold project, in Tanzania, following a geochemical sampling and mapping programme. Tanga Resources CEO Matthew Bowles explains that the New York target... →
Mining licence submitted for Fungoni
13th October 2017 ASX-listed Strandline Resources has submitted the mining licence application for its Fungoni heavy mineral sands (HMS) project, in Tanzania, to the Ministry of Energy and Minerals. The application has been prepared in light of the advanced engineering work conducted to date as part of the... →
Diamond struggles in Tanzania
13th October 2017 Owing to the possible loss of revenue at London-listed Petra Diamonds’ operation in Tanzania, it is likely that the mining company will have to seek a waiver from its banking consortium, as it has in the past, for its December 2017 bank covenant test. This is according to credit ratings firm... →
MINE CARE AND MAINTENANCE Petra Diamonds’ Williamson mine, in Tanzania, may be put on care and maintenance
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