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Australian Mining Co Apply for Titanium and Zircon License
Australia-listed Strandline Resources (ASX: STA) has submitted the mining license application for the Fungoni Project to the Ministry of Energy and Minerals of Tanzania. The Fungoni Project, located...
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Barrick and Tanzania Reach Agreement Over Acacia Tax Row
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX), the main shareholder (63.9%) of Acacia Mining (LSE:ACA) (DSE:ACA) – Tanzania’s largest gold mining company – has reached an agreement with the Tanzanian...
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World Largest Gold Mining Comment on Tanzania Ban on Mineral Concentrate Exports
Barrick Gold (NYSE:ABX) (TSX:ABX), the largest gold mining company in the world, commented on the potential impact of the ongoing ban on mineral concentrate exports affecting the operations of its...
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Tanzania Piles Up 1,100 Containers of Gold/Copper Concentrates Banned from...
Tanzanian largest gold miner Acacia Mining (LSE:ACA; DSE:ACA) issued a market updated and hosted a conference call on 2nd June 2017 to explain the company’s current situation in Tanzania, following the...
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Tanzania to Impose 1% Clearing Fee on Mineral Exports
The Government of Tanzania will impose a clearing fee of 1% of the value of minerals export. Prime Minister Hon. Dr. Philip Mpango made the announcement when presenting to the National Assembly the...
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Tanzania to Review Mining, Oil & Gas Laws
The President of Tanzania Dr. John Magufuli requested the relevant authorities and the Parliament to review and amend the laws pertaining to the mining, and the oil & gas industries. The order...
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Shanta Gold to Acquire Helio Resource
Gold mining company Shanta Gold (AIM: SHG) and junior exploration company Helio Resource (TSXV: HRC) have entered into a definitive agreement on 19th June 2017 pursuant to which the former will acquire...
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Tanzania To Amend Mining Laws
The Parliament of Tanzania has published on 29th June 2017 the proposed draft legislation to change the legal framework governing the natural resources sector in Tanzania. The draft bill is to be...
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Tanzania to Renegotiate Mining Contracts with New Laws
Just a few days after having introduced its draft new mining laws, the parliament of Tanzania has passed the three bills on 3rd July 2017, allowing for the government to renegotiate mining contracts....
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Australian Mining Co Apply for Titanium and Zircon License
Australia-listed Strandline Resources (ASX: STA) has submitted the mining license application for the Fungoni Project to the Ministry of Energy and Minerals of Tanzania. The Fungoni Project, located...
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Barrick and Tanzania Reach Agreement Over Acacia Tax Row
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX), the main shareholder (63.9%) of Acacia Mining (LSE:ACA) (DSE:ACA) – Tanzania’s largest gold mining company – has reached an agreement with the Tanzanian...
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Acacia Gold Production Down -30%
Tanzanian gold producer Acacia Mining (LSE: ACA) released its Fourth Quarter Production Report for the three months ended 31 December 2017, showing a gold production 30% lower than Q4 2016. The company...
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Tanzania Diamond Revenues Down 1% in H2 2017
Petra Diamond, Tanzania’s only significant diamond producer, has published it Trading Update for the Six Months ended 31 December 2017, showing revenues down 1% to USD 225.2 million (H1 FY 2017:...
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Tanzania Largest Gold Producer Close 2017 With USD 700 Million Loss
Tanzanian largest gold producer Acacia Mining (LSE: ACA) released its 2017 Preliminary Results showing net losses of USD 707.394 million as opposed to net earnings of USD 94.944 million in 2016. During...
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Tanzania Largest Gold Producer Trying to Sell Off
Acacia Mining (LSE: ACA), the largest gold producer in Tanzania, issued an announcement confirming that it has commenced a process to explore the value to the company of the sale of a stake in some or...
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Tanzania Mining Investment Attractiveness Deteriorate
The latest Fraser Institute Annual Survey of Mining Companies indicates that Tanzania dropped in the overall Investment Attractiveness Index ranking. The survey is an attempt to assess how mineral...
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Acacia Gold Production Down -55%
Acacia Mining (LSE: ACA), the largest gold producer in Tanzania, announced that gold production for Q1 2018 was in line with expectations at 120,981 ounces, a 55% decrease on Q1 2017 (219,620 ounces)....
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Chinese Company to Buy 100% of Ilmenite From Fungoni
Australian mineral exploration and development company Strandline Resources (ASX: STA) has announced that it has secured a binding offtake agreement for 100% of the ilmenite which will be produced at...
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Mahenge Liandu Graphite Project Show Promising Advances
Africa-focused mining company Armadale Capital Plc (LON: ACP ) has published its final results for the year ended 31 December 2017, stressing rapid advancement of the high-grade Mahenge Liandu Graphite...
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Barrick/Acacia Tax Row with Tanzania See Progress
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX), the main shareholder (63.9%) of Acacia Mining (LSE:ACA) (DSE:ACA) – Tanzania’s largest gold mining company – has just published an update on ongoing...
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