Market News

 Dar es Salaam — The $2.7 billion (about Sh6 trillion) Mchuchuma coal and Liganga iron-ore mining projects in the southern highland zone may delay further as investors await the government's decision to offer incentives, BusinessWeek has learnt.   The Energy and Minerals Deputy Min . . .

 Tanzania is expected to be among the top five producers of uranium in Africa after the completion of Mkuju River Uranium Project, which is in the final stage of trial, the Urenium One Chief Operation officer, Mr Andrey Shotov said yesterday.   He told journalists that in the coming two . . .

 South African mining investment company Armadale Capital (AIM:ACP) recently announced the preliminary discovery of high grade graphite at its Mahenge Liandu Graphite Project in south east Tanzania. The discovery follows the recently commenced drilling program at Mahenge, which is continuing o . . .

 The government of Rwanda considers mining sector as key in the country development, the sector is now second largest contributor to national economy after tourism. Rwanda Natural Resources Authority considers the Mining sector as greatest opportunity for the country’s economy. In order t . . .

 Johannesburg — Investment company Armadale Capital has discovered high-grade coarse flake graphite mineralisation near surface at its Mahenge Liandu project, in Tanzania.   The reverse circulation (RC) drilling undertaken to date has intersected wide intervals of high-grade graphi . . .