Market News

The well known Aim-listed Katoro Gold’s 75%-owned Haneti nickel project, in Tanzania,  has acknowledged that there may be a large chonolith-type nickel sulphide deposit. The company has included plans to for a fully funded drilling programme at the two key targets, Mihanza Hill and Mwaka . . .

 After South Africa, Ghana and Mali Tanzania is the 4th largest gold producer in Africa. The mining industry has experienced an estimated 8.5% growth in 2018 to stand at an estimated valued of USD 960 million, compared to last year’s growth of 3.09% and a value of US$ 880 million.  4 . . .

Altus Strategies a UK-based mining company, announced the revelation of what the company calls “the Simret silver prospect” at its 100%-owned Daro project, located in the Tigray Regional State in East Africa. In a media statement, the project generator MNC said that Simret showed silver . . .

Africa’s largest International Mining Technology Trade show is back in Dar es Salaam, Tanzania from 1st – 3rd November, 2018.  Hon'ble William Vangimembe Lukuvi, Minister for Lands, Housing and Human Settlement Development will inaugurate the 4th Minexpo 2018 on the 1st of November . . .

Developments in the Tanzanian mining landscape are also underway with a second excavator working in the Namwele area, where about 3000 t of coal has been already mined.  Edenville says they expect to have an updated mining plan completed in September, which will allow work to start on opening . . .