Market News
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Magufuli Takes a Stand against Illegal Mining with Latest Reforms
Posted on :Friday , 29th September 2017
The latest squabble between the Tanzanian government and its mining sector has led President Magufuli to request the central bank to purchase precious stones, in an attempt to boost the nation’s reserves. This is the latest in the escalating row between the two, over alleged tax evasion from the mining sector.
The president released a statement saying, &. . .Mining Ban In Tanzania Is Finally Paying Off
Posted on :Tuesday , 26th September 2017
There has been positive news from the Buzwagi Processing Trial. It was revealed that the mine wil be able to recover approximately 85 per cent of gold recoveries through the use of reagents at minimal secondary costs.
An extra 8000-10000 ounces of gold will now be available for sale for the remainder of the year, from the additional gold bars now accessible fo. . .Barrick says will start Tanzania talks next week as earnings beat
Posted on :Thursday , 27th July 2017
Barrick Gold Corp, the world's largest gold miner by production, reported better-than-expected quarterly earnings on Wednesday as its mining costs fell and said it would begin talks with the Tanzanian government next week about an export ban.
Barrick subsidiary Acacia Mining has three mines in Tanzania, which introduced an export ban on concentrates of gold an. . .Kibo Mining updates on �very successful� meetings in Tanzania
Posted on :Thursday , 27th July 2017
Kibo Mining PLC (LON:KIBO) told investors it has concluded a “very successful” second round of follow-up meetings with Tanzanian government departments and Tanzanian stakeholders regarding the proposed Mbeya Coal to Power Project (MCPP).
The company noted that the completion of a special mining right application remains on course, along with enviro. . .Tanzania: Govt for Increased Wananchi Participation in Mining Sector
Posted on :Thursday , 27th July 2017
Tanzanians should prepare to reap more benefits from the mining sector now that the government plans to amend the Mining Act, 2010 in a bid to accommodate regulations that will enforce local content.
The move by the government will see more locals benefitting from the inflow of Foreign Direct Investments (FDIs) in terms of skills development and building compe. . .Please Select an Option
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