Market News

Tanzania has unveiled ambitious plans to improve its mining sector, with the objective of becoming the principal mineral trading hub in East and Central Africa by 2030, while also increasing the sector's contribution to national economy. During the start of the 13th Parliament, President Samia Suluh . . .

David Tarimo, chairman of Tanzania's CEO Roundtable (CEOrt), speaks during a discussion at the Hyatt Regency Kilimanjaro Hotel in Dar es Salaam about the presentation of a report outlining recommendations on how Tanzania can increase its national revenue (GDP) by leveraging value chains of mineral-b . . .

Rosatom subsidiary Mantra Tanzania Ltd has commissioned a pilot uranium processing plant at the Mkuju River project in southern Tanzania. The facility, located at the Nyota deposit, will be used to test uranium processing technologies and provide input into the design of the main processing complex, . . .

Perseus Mining officially began work on its Nyanzaga gold project in Tanzania in June. The announcement was made via the company's official Twitter account. The launch follows the final investment decision (FID) taken in April and represents a new chapter in the development of this $523 million proj . . .

Lake Victoria Gold is strengthening its strategic cooperation with Taifa Mining Civils Ltd., Tanzania's top mining and construction enterprise. The corporation reports that Richard Reynolds, the CEO of Taifa Mining Civils Ltd., has been named to the Lake Victoria board. Reynolds was essential in def . . .