Market News
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Redavia provides gold mine in Tanzania with more solar power
Posted on :Thursday , 27th July 2017
Germany-based off-grid specialist Redavia GmbH announced that it has supplied another solar container for its off-grid PV project at the mining site of the Tanzanian gold producer Shanta Gold. Including this new addition, the installation has now reached 674 kW of capacity and consists of eight solar containers. The first “container solar plant” was deployed in 2014, the compa. . .
Tanzania to improve working conditions for small-scale miners
Posted on :Tuesday , 18th July 2017
Tanzanian authorities, through a 3.7-million-U.S.-dollar loan from the World Bank, have embarked on a program to improve working conditions for small-scale miners, a senior official said Thursday.
Alex Rutagwelela, acting director of exploration and drilling with State Mining Corporation (STAMICO), said the program will address challenges facing small-scale m. . .Kibo unaffected by Tanzania mining legislation changes
Posted on :Tuesday , 18th July 2017
JOHANNESBURG (miningweekly.com) – Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment.
Reuters reported that Tanzania’s Parliament had passed two laws allowi. . .Acacia accepts 50% lift in royalty as Tanzania turns the screw
Posted on :Tuesday , 18th July 2017
ACACIA Mining will comply with part of newly enacted legislation in Tanzania which increases revenue-based royalties to 6% from the previous levy of 4%.
The UK-listed gold producer said in an announcement today that the decision to pay the higher royalty, which is applicable on gold, copper and silver exports, was to “minimise further disruptions to our . . .Tanzania: Magufuli's Mining Reforms Are a Masterclass in Political Manoeuvring
Posted on :Tuesday , 18th July 2017
Whether his moves in the mining sector work or not, President Magufuli knows what he is doing.
Ever since his election in 2015, Tanzania's President John Magufuli has been a subject of public fascination. At first, his war on graft promised to cleanse the state of corruption, while his patriotic thrift inspired the hashtag #WhatWouldMagufuliDo?&nb. . .Please Select an Option
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