Market News
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Australia Invests $3.6 Billion in Tanzania Mining Industry
Posted on :Monday , 2nd December 2024
According to a recent Tanzanian government estimate, mining contracts with Australian businesses have been worth over Sh 10 trillion ($3.6 billion) over the last two years, according to the Australian High Commission. This was said by Mr. Scott Morriss, the Trade Commissioner for Africa at the Australian High Commission, at the city's Australian Tanzania Mining Breakfast panel discussion. Altho. . .
Walkabout Resources Limited at Lindi Jumbo Graphite Mine Set to Boost Tanzania's Economic Growth
Posted on :Wednesday , 4th December 2024
A September quarter report outlining operations at its Lindi Jumbo Graphite Mine in Tanzania was recently made accessible by Walkabout Resources Ltd. "The first quarter of ramp-up has demonstrated that the Lindi Jumbo Graphite Mine produces a sought-after, high-quality graphite product, with demand exceeding our forecasted production for the remainder of the year," said Andrew Cunningham, manag. . .
Lake Victoria Gold Announces Renewal and Transfer of Imwelo Mining License to Tanzanian Mining Commission
Posted on :Monday , 9th September 2024
The Tanzanian Mining Commission has accepted the necessary paperwork for the Imwelo Mining License's ten-year renewal and for LVG's acquisition of the mining license. This is with great pleasure that Lake Victoria Gold Company announces this. Updated Mining, Environmental, and Closure Plans are submitted with this application, together with the required guarantees to start construction within 9. . .
Tanzania Poised to Enter Booming Graphite Market With a New Project Launch
Posted on :Thursday , 1st August 2024
The Lindi Jumbo Graphite Mine in Tanzania is scheduled to transport its first consignment of graphite concentrate to Europe, opening up a new global jurisdiction for graphite mining. There will be other exports to locations in Asia after the shipment bound for Europe. According to Andrew Cunningham, MD and CEO of Walkabout, an Australian company, there is a strong market demand for Lindi Jumbo'. . .
Tanzania: The Emerging Mining Hub in Africa
Posted on :Tuesday , 2nd July 2024
Tanzania is poised to develop as a major mining powerhouse in Africa. Utilising strategic measurements and incentives to attract investment. Dr. Steven Kiruswa, the country's Deputy Minister for Minerals, emphasised the mining sector's rapid expansion at an annual rate of 10.9%, which contributes considerably to the national economy. The government's investor-friendly policies and regulations h. . .
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