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Tanzania Gold Exports Up by 26% in September 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of October 2019 indicates that in the year ending September 2019, gold exports rose by +26.1% to USD 1.9 billion on account of volume and...
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Australian Mining Company Get Gold Dealer License in Tanzania
Australian gold mining company Amani Gold Limited (ASX: ANL) has recently secured a Gold Dealer Licence in Tanzania via a 60% equity interest in Amago Trading Limited (Amago). Amago is a joint venture...
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Tanzania Gold Mining Company Announce Significant Increase in Reserves
East Africa-focused gold producer Shanta Gold (AIM: SHG), recently published an update for its New Luika Gold Mine in South Western Tanzania, indicating a considerable increase in estimated reserves...
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Tanzania Gold Exports Up by 42% in November 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of December 2019 indicates that in the year ending November 2019, gold exports rose by +41.9% to USD 2.1 billion on account of volume and...
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3 Mining Companies Enter into Dispute with the Tanzanian Government
On 10th January 2020, Winshear Gold Corporation (TSX-V: WINS) notified the Attorney General of Tanzania that there exists an investment dispute between the company and the Government, relating to the...
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Tanzania and Barrick Gold Formalize the Establishment of Twiga Minerals...
On 24th January 2020, Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) and the Government of Tanzania (GoT) signed the agreements to ratify the creation of Twiga Minerals Corporation, the management...
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Tanzania Williamson Diamond Mine Production Increased By +17% in 2019
Petra Diamonds (LSE: PDL), the mining company that partially owns – together with the Government of Tanzania (GOT) – and operates the Williamson diamond mine in Tanzania, has published its Trading...
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Tanzania Tourism and Gold Revenues Up in 2019
The latest Bank of Tanzania (BOT) Monthly Economic Review of January 2020 indicates that in the year ending December 2019, travel proceeds, mostly from tourism-related activities, grew by 3.2%, to USD...
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Tanzania Reiterate Plan to Bring Mining to Account for 10% of GDP by 2025
Tanzanian Prime Minister Kassim Majaliwa has reiterated the Government’s plans to bring the mining sector to account for 10% of the country’s GDP by 2020, versus 3.5% currently. The comments were made...
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Buckreef Gold Project Estimated Resources Doubled
Tanzania Gold Corporation (TSX: TNX) (NYSE American: TRX) received an update of the Estimated Mineral Resources in the Buckreef gold mine project, which doubles the amounts of the previous estimates....
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Tanzania Receive USD 100 Million From Barrick Gold
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has recently paid the first tranche of the USD 300 million settlement it agreed with the Tanzanian government to resolve the disputes it inherited from...
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Buckreef Gold Mine Start Production
Tanzanian Gold Corporation (TSX: TNX) (NYSE American: TRX) recently announced that gold production has reached commercial level at the oxide ore processing plant at the Buckreef Project. The first...
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Buckreef Gold Mine To Be Expanded
Tanzanian Gold Corporation (TSX: TNX) (NYSE American: TRX) recently announced that it has closed a financing agreement for up to USD14 million with RiverFort Global Capital. The financing will be...
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Tanzania Gold Production Increase by 23.5% in Q4 2019
The Bank of Tanzania (BOT) Quarterly Economic Bulletin of June 2020 shows that Tanzania’s gold production increased by 23.5% in Q4 2019, from 9,949 kg in September 2019 to 12,289 kg in December 2019...
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Tanzania Mahenge Liandu Graphite Project Closer to Implementation
Tanzania’s Mahenge Liandu Graphite Project is one step closer to implementation with the submission of Environmental and Social Impact Assessment (ESIA) to the National Environment Management Council...
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Construction of Tanzania Singida Gold Project Commenced
Gold mining company Shanta Gold (AIM: SHG) recently announced that the construction of the Singida gold project is being commenced. The Singida project is an open pit gold project covering an area of...
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Barrick Gold to Invest USD 8 M in New Explorations in Tanzania
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX), the largest shareholder of Twiga Minerals Corporation, the joint-venture formed with the Tanzanian Government to take over the operations of Acacia...
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Twiga Minerals Publish Update on Tanzania Operations
Twiga Minerals Corporation, the company established by Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) and the Government of Tanzania (GoT) to manage Barrick’s mining operations in the country has...
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Tanzanian Gold Corporation Appoint New CEO
Tanzanian Gold Corporation (TSX: TNX) (NYSE MKT: TRX) recently appointed Stephen Mullowney–former Partner and Managing Director of PWC and Canada’s mining deal leader–as CEO. Mullowney has an...
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Tanzania Kabanga Nickel Project To Start Operations Soon
On 19th January 2021, the Ministry of Minerals of Tanzania signed an investment agreement with Kabanga Nickel Limited of the UK (formerly LZ Nickel Limited) for the development of the nickel mining...
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