Market News
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Tanzania: Zanzibar Announces Ban on Sand Mining
Posted on :Wednesday , 1st February 2017
Zanzibar — Zanzibar Minister of Agriculture, Natural Resources, Livestock and Fisheries, Hamad Rashid Mohamed, on Sunday announced a ban on sand mining after several studies have proved that the twin islands experience scarcity.
"Honestly, Zanzibar has run out of sand," the minister told a press conference, appealing to the media to help spread the m. . .Tanzania: Govt Asks Mining Firm to Speed Up Uranium Extraction
Posted on :Saturday , 21st January 2017
Tanzania has moved to speed up uranium extraction in Mkuju River in the Selous Game Reserve, Africa's biggest wildlife conservancy area, amid protests from wildlife conservationists.
The government has directed Mantra Tanzania Ltd to start mining within two years for citizens to benefit from the project and the country to earn foreign currency from mineral exports.<. . .Tanzania: Trial Mining Commences at Coal Power Project Site
Posted on :Friday , 20th January 2017
Trial mining has started at Edenville Energy's 120 MW Rukwa coal-to-power project in Tanzania.
The project hosts 171-million tons of measured and indicated coal, sufficient to support a power station over a 30-year project life. Last year, Edenville received formal interest from several companies for long term coal supply. As a result, trial shipments of run-of-mine. . .Tanzania: Gold Mining Firm Top Gainer on Dar Stock Exchange
Posted on :Tuesday , 10th January 2017
ACACIA mining was the top gainer in Dar es Salaam Stock Exchange (DSE) last Friday as the market continued with a bear run.
According to market report, shares of the gold mining company gained by 7.13 per cent after closing the day trading at 10,820/- up from 10,100/-.The top movers CRDB Bank, which had 1,614,966 shares traded at weig. . .Tanzania: Govt Still Keen on Uranium Mining at Mkuju
Posted on :Tuesday , 10th January 2017
Energy and Minerals Minister Sospeter Muhongo has blamed some foreign countries for trying to thwart efforts by Tanzania to undertake the ambitious uranium mining at the Mkuju River Project in southern part of the country.
"We are not the first country to engage on mining of uranium; it should be noted as well that all big economies in the world are in demand o. . .Please Select an Option
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