Market News
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Tanzania Mining Sector Record 20.5% Growth in Q2 2016
Posted on :Friday , 7th October 2016
Tanzania’s mining sector grew at a rate of 20.5% in Q2 2016 reaching TZS434b, compared to TZS361b in Q2 2015 with a growth rate of 11.2%.
The results were included in a report recently issued by the Tanzanian National Bureau of Statistics (NBS), covering the country’s GDP performances Q2 2016 GDP.
NBS attributes the growth to an increase in the production of di. . .
Black Rock Mining Ltd's graphite resource swells to third largest
Posted on :Thursday , 6th October 2016
Black Rock Mining Ltd (ASX:BKT) has increased its total Mineral Resource by 24% to 162.5 million tonnes at 7.8% total graphitic content through infill drilling within the Mahenge project in Tanzania.
Infill drilling targeted the Ulanzi deposit, which has resulted in a 39% resource upgrade to Ulanzi.Mahenge, which hosts the Ulanz. . .Tanzania: Stamigold Workers Praised for Good Show
Posted on :Monday , 3rd October 2016
Bukoba — State owned Gold Mining Company, STAMIGOLD, workers have been commended for good performance that has enabled the mine to achieve its target.
Board Chairman of the State Mining Corporation (STAMICO), Ambassador Alexander Muganda, made the remarks here on Tuesday during a tour of the company by members of the newly appointed board. The new board . . .Acacia back up to speed in Tanzania
Posted on :Saturday , 1st October 2016
Acacia Mining (LON:ACA) on Tuesday announced the successful restart of operations at its Bulyanhulu gold mine in Tanzania.
Acacia, majority owned by Canada’s Barrick Gold (TSX, NYSE:ABX) said the process plant at Bulyanhulu, one of three mines in operates in the East African country is now operating at normal throughput levels.. . .Montreux Natural Resources Fund�s Tanzania mines set to produce first gold
Posted on :Thursday , 29th September 2016
In September 2015, The Montreux Natural Resources Fund, formerly The Montreux Commodity Trading Fund Cayman, expanded its focus in the gold-mining sector by acquiring a 50 per cent stake in the Tanzanian mining investment company GRB Mining Ltd, based in Dar Es Salaam.
GRB Mining, which has developed a niche high value-low Capex-low Opex mining model, focuses . . .Please Select an Option
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