Market News | Minexpo Tanzania 2024

Market News

  • Mining takes off in East Africa with collaboration among regional players

    Posted on :Friday , 28th July 2023

    The State Mining Corporation (Stamico) declared that it was ready to collaborate with Kenyan mineral professionals in order to raise the standard for how the two countries should manage their mining sectors to support economic progress.


    This was discussed during a gathering of six mining-related delegates from Kenya who had travelled here for three days to receive training on. . .

  • Tanzania's government plans to strengthen the minerals sector

    Posted on :Friday , 30th June 2023

    Dr. Mwingulu Nchemba, the minister of finance and planning, presented a 44.39 tri/- budget estimate for recurrent and expenditures. This estimate included a proposal to change the Mining Act, CAP 123, to exclude refinery centres from paying the one percent inspection charge.


    The goal of the bill, according to him, is to encourage the growth of the nation's small mining indust. . .

  • Tanzania and Australia decide to increase trade and investment ties

    Posted on :Tuesday , 6th June 2023

    Tanzania and Australia decided to strengthen their business relations.


    Mr. Scott Morriss, the Australian Trade Commissioner for Africa, visited Tanzania to promote trade ties and increase Australia's involvement in the mining and energy industries.


    Mr. Morriss and Dr. Doto Biteko, the minister of minerals, hosted a reception for Australian companies operati. . .

  • Tanzania signs contracts for rare earth and graphite projects worth 667 million USD

    Posted on :Thursday , 27th April 2023

    In an effort to expedite negotiations on pending mining and energy projects, Tanzania signed agreements worth 667 million USD with three Australian companies to mine rare earth minerals and graphite.


    Tanzania will own a 16% stake in each of the businesses that will be established in conjunction with Evolution Energy Minerals, Ecograf Ltd., and Peak Rare Earths to manage the p. . .

  • Tanzanian coal exports raised by +780% in the year that ended in January 2023.

    Posted on :Wednesday , 29th March 2023

    Coal valued at USD 195.5 million was exported during the year ending January 2023, according to the Bank of Tanzania's (BOT) Monthly Economic Review-February 2023.  


    When compared to coal exports worth USD 22.2 million in the year ending January 2022, this indicates an increase of +780%.  


    The increase is attributed by the central bank to a ri. . .


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