Market News

 Tanzania’s mining sector grew at a rate of 20.5% in Q2 2016 reaching TZS434b, compared to TZS361b in Q2 2015 with a growth rate of 11.2%. The results were included in a report recently issued by the Tanzanian National Bureau of Statistics (NBS), covering the country’s GDP performa . . .

 Black Rock Mining Ltd (ASX:BKT) has increased its total Mineral Resource by 24% to 162.5 million tonnes at 7.8% total graphitic content through infill drilling within the Mahenge project in Tanzania.   Infill drilling targeted the Ulanzi deposit, which has resulted in a 39% resource upg . . .

 Bukoba — State owned Gold Mining Company, STAMIGOLD, workers have been commended for good performance that has enabled the mine to achieve its target.   Board Chairman of the State Mining Corporation (STAMICO), Ambassador Alexander Muganda, made the remarks here on Tuesday during . . .

 Acacia Mining (LON:ACA) on Tuesday announced the successful restart of operations at its Bulyanhulu gold mine in Tanzania.   Acacia, majority owned by Canada’s Barrick Gold (TSX, NYSE:ABX) said the process plant at Bulyanhulu, one of three mines in operates in the East African cou . . .

 In September 2015, The Montreux Natural Resources Fund, formerly The Montreux Commodity Trading Fund Cayman, expanded its focus in the gold-mining sector by acquiring a 50 per cent stake in the Tanzanian mining investment company GRB Mining Ltd, based in Dar Es Salaam.   GRB Mining, whi . . .