Market News
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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. . .Tanzania: Mining Sector Has More Potential to Boost Economy
Posted on :Monday , 9th January 2017
Tanzania is blessed with a wide range of minerals which should translate to a big boost to the country's economy and our people's quality of life. The minerals include metals such as gold, iron, silver, copper, platinum, nickel and tin; gemstones such as diamonds, tanzanite, ruby, garnet, emerald, alexandrite and sapphire.
Furthermore, there industrial minerals such. . .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. . .
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