Market News

Black Rock Mining swells confidence of graphite resources in Tanzania
Black Rock Mining swells confidence of graphite resources in Tanzania
27 July 2017

 Black Rock Mining Ltd (ASX:BKT) has turned a successful infill drill program into an increased resource at its Mahenge Graphite Project in Tanzania.   Key highlights include:   - Resource increased by 14% to 60.2 million tonnes at 8.1% Total Graphitic Carbon (TGC) utilising an ad . . .

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Redavia provides gold mine in Tanzania with more solar power
Redavia provides gold mine in Tanzania with more solar power
27 July 2017

 Germany-based off-grid specialist Redavia GmbH announced that it has supplied another solar container for its off-grid PV project at the mining site of the Tanzanian gold producer Shanta Gold. Including this new addition, the installation has now reached 674 kW of capacity and consists of eigh . . .

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Tanzania to improve working conditions for small-scale miners
Tanzania to improve working conditions for small-scale miners
18 July 2017

  Tanzanian authorities, through a 3.7-million-U.S.-dollar loan from the World Bank, have embarked on a program to improve working conditions for small-scale miners, a senior official said Thursday.   Alex Rutagwelela, acting director of exploration and drilling with State Mining Corpora . . .

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Kibo unaffected by Tanzania mining legislation changes
Kibo unaffected by Tanzania mining legislation changes
18 July 2017

 JOHANNESBURG (miningweekly.com) – Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment.   . . .

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Acacia accepts 50% lift in royalty as Tanzania turns the screw
Acacia accepts 50% lift in royalty as Tanzania turns the screw
18 July 2017

 ACACIA Mining will comply with part of newly enacted legislation in Tanzania which increases revenue-based royalties to 6% from the previous levy of 4%.   The UK-listed gold producer said in an announcement today that the decision to pay the higher royalty, which is applicable on gold, . . .

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