NMB Tanzania launches mining network platform to boost industry

Posted on :Tuesday , 26th October 2021

This is NMB Bank's third mining-related platform.

Mining clients of NMB Bank Plc in Arusha, Northern Zone now have their own networking platform.

The platform is part of a larger aim by the lender to increase lending to the mining sector from Sh63 billion to Sh200 billion by 2025.

The platform, known as the 'NMB Northern Zone Mining Club,. . .

Tanzania Mining Industry Aims to Capitalize on the Rare Earths scramble

Posted on :Tuesday , 28th September 2021

As miners seek to expand the rare earths sector, projects are springing up all over the world, including Tanzania in Africa.

Rare earth elements, a fast-growing mainstay of the green energy revolution, are utilized to manufacture electric magnets used in everything from electric cars (EVs) to direct-drive wind turbines. With stricter global emissions regulations driving up de. . .

Tanzanian Gold is continuing to Develop and Explore Mines throughout the Country.

Posted on :Thursday , 26th August 2021

Tanzanian Gold Corporation reported third-quarter 2021 results. TanGold's Chief Executive Officer, Stephen Mullowney, remarked, "The Company and Buckreef Gold have continued to make tremendous progress this quarter." We designed and are currently implementing a strategy to reduce cash burn at the Buckreef Gold operational level by upgrading the oxide test plant circuit. This approach ensures th. . .

Tanzania targets mining to boost sector's GDP contribution

Posted on :Wednesday , 26th May 2021

Tanzania Ministry of Minerals is now concentrating on strengthening revenue collection to boost the mining sector's contribution to GDP.

Minister for Minerals, Dr Dotto Biteko, offered his ministry's budget estimates, stating that the government's objective for the fiscal year 2021/2022 is to accumulate 696,441,872,667, up from 547,735,863,597 in the fiscal year 2020/2021.

Accordi. . .

Africa's Mining firms are switching to Green Mining using earth-friendly product alternatives

Posted on :Wednesday , 24th March 2021

The mining industry should be leading the way in exploiting the earth's wealth in more environmentally friendly ways, given its major duty to both man and nature. It is, after all, one product, one step at a time.

In terms of global industrial growth, the mining industry is significant. Mining is important to human development because it provides mineral and other services to. . .