Market News

Zanzibar — Zanzibar Minister of Agriculture, Natural Resources, Livestock and Fisheries, Hamad Rashid Mohamed, on Sunday announced a ban on sand mining after several studies have proved that the twin islands experience scarcity.   "Honestly, Zanzibar has run out of sand," the minister t . . .

Tanzania has moved to speed up uranium extraction in Mkuju River in the Selous Game Reserve, Africa's biggest wildlife conservancy area, amid protests from wildlife conservationists.   The government has directed Mantra Tanzania Ltd to start mining within two years for citizens to benefit fro . . .

Trial mining has started at Edenville Energy's 120 MW Rukwa coal-to-power project in Tanzania.   The project hosts 171-million tons of measured and indicated coal, sufficient to support a power station over a 30-year project life. Last year, Edenville received formal interest from several com . . .

ACACIA mining was the top gainer in Dar es Salaam Stock Exchange (DSE) last Friday as the market continued with a bear run.   According to market report, shares of the gold mining company gained by 7.13 per cent after closing the day trading at 10,820/- up from 10,100/-.   The top move . . .

Energy and Minerals Minister Sospeter Muhongo has blamed some foreign countries for trying to thwart efforts by Tanzania to undertake the ambitious uranium mining at the Mkuju River Project in southern part of the country.   "We are not the first country to engage on mining of uranium; it sho . . .