Market News
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Tanzania: Gold Regains Top Spot as Country's Largest Export
Posted on :Saturday , 29th April 2017
Dar es Salaam — Gold has regained its prestigious position as Tanzania's largest non-traditional goods export, thanks to a rise in value at the global market, the central bank says.
The Bank of Tanzania (BoT) also indicates that there is an increase in volume of gold produced locally. The rise in export value of gold comes amidst a controversy over the governm. . .Tanzania: Export Ban on Mineral Sands to Continue
Posted on :Saturday , 4th March 2017
Dar es Salaam — President John Magufuli has reiterated the ban on the exportation of mineral sands, and has directed the minister of Energy and Minerals, Prof Sospeter Muhongo, to ensure the ban is enforced.
President Magufuli said this during the launch of Goodwill Ceramic Limited, a tiles plant based in Mkuranga, as he began his four-day tour of Lindi, Mtwar. . .Tanzania: Gemstones Worth $4 Million Sold at Arusha Auction
Posted on :Wednesday , 15th February 2017
Tanzanite Gemstones valued at more than 9.3bn/- changed hands during the second Mineral Auction in Arusha Region over the weekend.
The Director of Diamond and Gemstones Valuation Unit of Tanzania Mineral Sorting Company (TANSORT), Mr Richard Karugendo, said this year's auction beat last year event by over 2bn/- worth of sales because during the 2016 auction minerals. . .Tanzania: Mining Firm to Invest $2 Million to Clean Up Image, Reconcile with Govt
Posted on :Monday , 13th February 2017
Tanzania's largest mining company, Acacia, has set aside $2 million (Sh4 billion) to clean up its image and repair its relationship with the government following accusations of tax evasion and excessive profits, the South African Globe and Mail newspaper reports.
Acacia Mining, which is a subsidiary of Toronto-based Barrick Gold Corp, owns three gold mines in Tanzan. . .Africa: What is limiting Africa's Resurgent Mining Sector?
Posted on :Wednesday , 8th February 2017
Kampala — For the first time in years, there is a mood of cautious optimism in the mining industry, with commodity prices on the rise, shallow growth returning to different end markets, and most mining companies in better cost positions than in the recent past.
However, the industry is still at a pivotal point as it faces challenges from cybersecurity threats,. . .Please Select an Option
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