Market News

Dar es Salaam — President John Magufuli has reiterated the ban on the exportation of mineral sands, and has directed the minister of Energy and Minerals, Prof Sospeter Muhongo, to ensure the ban is enforced.   President Magufuli said this during the launch of Goodwill Ceramic Limited, a . . .

Tanzanite Gemstones valued at more than 9.3bn/- changed hands during the second Mineral Auction in Arusha Region over the weekend.   The Director of Diamond and Gemstones Valuation Unit of Tanzania Mineral Sorting Company (TANSORT), Mr Richard Karugendo, said this year's auction beat last yea . . .

Tanzania's largest mining company, Acacia, has set aside $2 million (Sh4 billion) to clean up its image and repair its relationship with the government following accusations of tax evasion and excessive profits, the South African Globe and Mail newspaper reports.   Acacia Mining, which is a s . . .

Kampala — For the first time in years, there is a mood of cautious optimism in the mining industry, with commodity prices on the rise, shallow growth returning to different end markets, and most mining companies in better cost positions than in the recent past.   However, the industry i . . .

Dar es Salaam — Tanzania expects nearly 1,000 Chinese extra-large investors promising to invest in a special economic zone including textile, manufacturing, fishing, mining and agriculture across the board following mutual bilateral relations between the two countries.   "Massive invest . . .