Market News
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Tanzania: As Gold Prices Fall, Explorers Shift Focus to Non-Traditional Minerals
Posted on :Monday , 9th January 2017
Dar es Salaam — Explorers are shifting from traditional minerals to prospecting for graphite and new forms of gems, BusinessWeek has established.
They are also targeting industrial minerals, minimising their work in traditional minerals.The acting commissioner of Minerals, Mr John Shija, believes that the fall in gold prices has. . .Africa: Emphasis on Corporate Social Responsibility in Mining Sectors
Posted on :Monday , 2nd January 2017
The activities of mining firms often affect the communities in which they operate in; In some instances, a large number of people have to be relocated due to mine constructions. It is against this backdrop that players in the mining sector are taking the corporate social responsibility (CSR) agenda seriously. The World Bank defines CSR as “the commitment of businesses to contribute to sus. . .
Tanzania: Mining Firm Pays Govt $5.8 Million in Taxes
Posted on :Wednesday , 28th December 2016
Petra Diamonds has paid 5.8 million US dollars (about 12bn/-) to Tanzania in various taxes making the country the highest paid in nations where the firm operates.
The diamond firm, registered in London Stock Exchange, made a total payment of 8.9 million US dollars (18bn/-), where Tanzania payments account for 66 per cent, South Africa 32 per cent and Netherlands 2 p. . .Tanzania: Plenty of Gypsum Available - Minister
Posted on :Friday , 23rd December 2016
Lindi — Minister for Energy and Minerals, Prof Sospeter Muhongo, has ordered the commissioner of minerals, gypsum miners and owners of industries to resolve their differences and make sure they agree on payment and prices so as to boost the gypsum mining business in the country.
Prof Muhongo was speaking after visiting Mkanganga gypsum mines, which are located. . .Tanzania: Mining Firm to Get Finnish 'Smart Power Generation' Plant
Posted on :Tuesday , 20th December 2016
Dar es Salaam — Wärtsilä, a Finnish corporation which manufactures and services power, has promised to supply a 40 MW 'Smart Power Generation' plant to Geita Gold Mining Limited in Tanzania in the beginning of 2018.
The company which is one of the Independent Power Producers operating in Tanzania said that the power plant will provide a reliable elec. . .Please Select an Option
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