Market News | Minexpo Tanzania 2023

Market News

  • Tanzania forms new joint partnerships with mining companies.

    Posted on :Monday , 28th February 2022

    Dar es Salaam: Tanzania's government has signed a joint venture deal with four mining corporations, paving the way for Tanzanians to benefit from the country's natural resources.

     

    Faru Graphite Corporation, Petra Diamonds Ltd (PDL), Nyati Mineral Sands Ltd, and Sotta Mining Corporation Ltd are the entities created out of the JV and will spend a total of Sh1.755 trillion.

  • Construction of the Singida Gold Project is on schedule to begin in 2023.

    Posted on :Tuesday , 1st February 2022

    Shanta Gold (AIM: SHG), an East Africa-focused gold producer, developer, and explorer, has released an update on the construction progress at the Singida Gold Project in Central Tanzania, indicating that first gold production will occur in early 2023.

     

    In October of 2020, work on the Singida gold project was started.

     

    'The promising findings of our grade cont. . .

  • Tanzania's New Mining Equipment Cuts Production Costs

    Posted on :Friday , 24th December 2021


    THE STATE MINING Organization (STAMICO) has purchased trucks and machineries worth 1.8 billion/- for drilling and exploring services in an effort to avoid leasing such equipment, which was costing the corporation millions of shillings.

     

    Professor Simon Msanjila, Permanent Secretary in the Ministry of Minerals, stated following the formal inauguration of the brand new machi. . .

  • Walkabout Resources expects to begin production at Lindi Jumbo in Q3, 2022, notwithstanding the hurdles posed by the COVID-19 epidemic.

    Posted on :Friday , 26th November 2021


    The corporation has already hired a local contractor to handle the earthmoving and civil work on the job site. 'The contractor is currently putting all of the civils in place so that when the plant arrives from China, it can be installed.' We've also made the first payment to our EPC contractor (Yantai Jinpeng Mining Machinery Co. LTD) so they may finish the equipment we bought two years ag. . .

  • NMB Tanzania launches mining network platform to boost industry

    Posted on :Tuesday , 26th October 2021

    This is NMB Bank's third mining-related platform.

     

    Mining clients of NMB Bank Plc in Arusha, Northern Zone now have their own networking platform.

     

    The platform is part of a larger aim by the lender to increase lending to the mining sector from Sh63 billion to Sh200 billion by 2025.

     

    The platform, known as the 'NMB Northern Zone Mining Club,. . .

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