Market News

 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 . . .

In Tanzania, mining includes precious metals such as gold, iron ore, nickel, copper, cobalt, silver. Mining of industrial minerals like diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate, gravel, sand, dimension stones and lately graphite are also among the more interesti . . .