Market News

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 . . .

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 . . .