Market News | MINEXPO Tanzania 2025

Market News

  • South Africa: Petra Performance Exceeds Expectations

    Posted on :Wednesday , 21st September 2016

     PETRA Diamonds is projecting production to rise up to 24,3 percent in 2017 from a year earlier and grow further to hit 5 million carats (mcts) in 2018.

     
    This is a year earlier than anticipated.
     
    The projections are buoyed by a satisfactory performance in the year ended June 30.
     
    During the period, prod. . .

  • Tanzania: Acacia Bullish of Mining Prospects

    Posted on :Tuesday , 20th September 2016

     Acacia Mining reiterated its full-year production guidance for its Bulyanhulu mine and for the group as a whole, despite setbacks in resuming production at its processing plant at the former site following planned maintenance.

     
    Thanks to the strong performance to date at North Mara, one of its three mines in operation in Tanzania, the outfit still expected its . . .

  • Kibo Mining adds General Electric to roster at Mbeya

    Posted on :Saturday , 17th September 2016

     Kibo Mining PLC (LON:KIBO) has pulled in one of the biggest names in world engineering to help construct the thermal power plant at its Mbeya project in Tanzania.

     
    US giant General Electric has signed a memorandum of understanding to supply equipment, technology and its help to bring the project to a financial close.
     
    Talks are now. . .

  • Tanzania: Sunderland Help Tanzania Move Forward

    Posted on :Friday , 16th September 2016

     English Premier League club SUNDERLAND AFC have continued to make their mark in Africa as far as community football development in Tanzania is concerned.

     
    A collection of local football clubs in Tanzania have been working with Sunderland AFC's Head of International Football Development, Graham Robinson, over the past weeks to not only discover new ways to impro. . .

  • Indicated resources at Tanzania gold prospect up 409% to 205 347 oz

    Posted on :Friday , 16th September 2016

     East Africa-focused gold producer, developer and explorer Shanta Gold has upgraded its Joint Ore Reserves Committee-compliant resource estimate at the Ilunga satellite deposit at the New Luika Gold Mine (NLGM), in south-west Tanzania, with indicated resources increasing by 409% – from 40 352 oz of gold to 205 347 oz of gold.

    Ilunga is located in the Lupa goldfields, about . . .

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