Market News
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Rosatom Launches Uranium Processing Plant in Tanzania
Posted on :Tuesday , 5th August 2025
Rosatom subsidiary Mantra Tanzania Ltd has commissioned a pilot uranium processing plant at the Mkuju River project in southern Tanzania. The facility, located at the Nyota deposit, will be used to test uranium processing technologies and provide input into the design of the main processing complex, which would have a production capacity of up to 3,000 tonnes of uranium per year. Its constructi. . .
Tanzania Secures $523 Million Gold Mine Investment from Perseus Mining Limited
Posted on :Tuesday , 1st July 2025
Perseus Mining officially began work on its Nyanzaga gold project in Tanzania in June. The announcement was made via the company's official Twitter account. The launch follows the final investment decision (FID) taken in April and represents a new chapter in the development of this $523 million project, which was acquired through OreCorp's 2024 purchase. According to Perseus, early-stage constr. . .
Lake Victoria Gold Strengthens Board by Partnering With Taifa Group
Posted on :Tuesday , 3rd June 2025
Lake Victoria Gold is strengthening its strategic cooperation with Taifa Mining Civils Ltd., Tanzania's top mining and construction enterprise. The corporation reports that Richard Reynolds, the CEO of Taifa Mining Civils Ltd., has been named to the Lake Victoria board. Reynolds was essential in defining the company's mining activities and implementing large-scale projects in Tanzania. In his p. . .
Auking Mining Advancing Uranium, Copper and Zinc Projects in Tanzania
Posted on :Monday , 3rd March 2025
Proactive's Tylah Tully Speaks With Paul Williams, Managing Director of Auking Mining Ltd., About the Company's Strategic Ambitions and Challenges. Williams Was Upbeat About the Upcoming Year, Focussing on Big Initiatives and Leadership Changes, Despite Challenges, Such as a Significant Drop in the Share Price. Williams Cited the Cloncurry Gold Project in Queensland, in Which Auking Holds a 15%. . .
Tanzanian Government Plan's to Revamp the Nation's Mining Industry
Posted on :Thursday , 6th February 2025
The Ministry of Minerals has started a bold campaign to establish the nation as the top mining destination in Africa. Her Excellency President Dr. Samia Suluhu Hassan launched this program in recognition of Tanzania's status as one of Africa's most resource-rich countries, with a wealth of industrial, rare earth, precious metal, energy, and essential minerals. Tanzania's mining government has a. . .
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