Market News

Tanzania is blessed with a wide range of minerals which should translate to a big boost to the country's economy and our people's quality of life. The minerals include metals such as gold, iron, silver, copper, platinum, nickel and tin; gemstones such as diamonds, tanzanite, ruby, garnet, emerald, a . . .

Dar es Salaam — Explorers are shifting from traditional minerals to prospecting for graphite and new forms of gems, BusinessWeek has established.   They are also targeting industrial minerals, minimising their work in traditional minerals.   The acting commissioner of Minerals, M . . .

The activities of mining firms often affect the communities in which they operate in; In some instances, a large number of people have to be relocated due to mine constructions. It is against this backdrop that players in the mining sector are taking the corporate social responsibility (CSR) agenda . . .

Petra Diamonds has paid 5.8 million US dollars (about 12bn/-) to Tanzania in various taxes making the country the highest paid in nations where the firm operates.   The diamond firm, registered in London Stock Exchange, made a total payment of 8.9 million US dollars (18bn/-), where Tanzania p . . .

Lindi — Minister for Energy and Minerals, Prof Sospeter Muhongo, has ordered the commissioner of minerals, gypsum miners and owners of industries to resolve their differences and make sure they agree on payment and prices so as to boost the gypsum mining business in the country.   Prof . . .