Market News

 Tanzania is expected to be among the top five producers of uranium in Africa after the completion of Mkuju River Uranium Project, which is in the final stage of trial, the Urenium One Chief Operation officer, Mr Andrey Shotov said yesterday.   He told journalists that in the coming two . . .

 South African mining investment company Armadale Capital (AIM:ACP) recently announced the preliminary discovery of high grade graphite at its Mahenge Liandu Graphite Project in south east Tanzania. The discovery follows the recently commenced drilling program at Mahenge, which is continuing o . . .

 The government of Rwanda considers mining sector as key in the country development, the sector is now second largest contributor to national economy after tourism. Rwanda Natural Resources Authority considers the Mining sector as greatest opportunity for the country’s economy. In order t . . .

 Johannesburg — Investment company Armadale Capital has discovered high-grade coarse flake graphite mineralisation near surface at its Mahenge Liandu project, in Tanzania.   The reverse circulation (RC) drilling undertaken to date has intersected wide intervals of high-grade graphi . . .

 Tanzania’s mining sector grew at a rate of 20.5% in Q2 2016 reaching TZS434b, compared to TZS361b in Q2 2015 with a growth rate of 11.2%. The results were included in a report recently issued by the Tanzanian National Bureau of Statistics (NBS), covering the country’s GDP performa . . .