Tanzania's New Mining Equipment Cuts Production Costs

Posted on :Friday , 24th December 2021

THE STATE MINING Organization (STAMICO) has purchased trucks and machineries worth 1.8 billion/- for drilling and exploring services in an effort to avoid leasing such equipment, which was costing the corporation millions of shillings.

Professor Simon Msanjila, Permanent Secretary in the Ministry of Minerals, stated following the formal inauguration of the brand new machi. . .

Walkabout Resources expects to begin production at Lindi Jumbo in Q3, 2022, notwithstanding the hurdles posed by the COVID-19 epidemic.

Posted on :Friday , 26th November 2021

The corporation has already hired a local contractor to handle the earthmoving and civil work on the job site. 'The contractor is currently putting all of the civils in place so that when the plant arrives from China, it can be installed.' We've also made the first payment to our EPC contractor (Yantai Jinpeng Mining Machinery Co. LTD) so they may finish the equipment we bought two years ag. . .

NMB Tanzania launches mining network platform to boost industry

Posted on :Tuesday , 26th October 2021

This is NMB Bank's third mining-related platform.

Mining clients of NMB Bank Plc in Arusha, Northern Zone now have their own networking platform.

The platform is part of a larger aim by the lender to increase lending to the mining sector from Sh63 billion to Sh200 billion by 2025.

The platform, known as the 'NMB Northern Zone Mining Club,. . .

Tanzania Mining Industry Aims to Capitalize on the Rare Earths scramble

Posted on :Tuesday , 28th September 2021

As miners seek to expand the rare earths sector, projects are springing up all over the world, including Tanzania in Africa.

Rare earth elements, a fast-growing mainstay of the green energy revolution, are utilized to manufacture electric magnets used in everything from electric cars (EVs) to direct-drive wind turbines. With stricter global emissions regulations driving up de. . .

Tanzanian Gold is continuing to Develop and Explore Mines throughout the Country.

Posted on :Thursday , 26th August 2021

Tanzanian Gold Corporation reported third-quarter 2021 results. TanGold's Chief Executive Officer, Stephen Mullowney, remarked, "The Company and Buckreef Gold have continued to make tremendous progress this quarter." We designed and are currently implementing a strategy to reduce cash burn at the Buckreef Gold operational level by upgrading the oxide test plant circuit. This approach ensures th. . .