Market News

 Bukoba — State owned Gold Mining Company, STAMIGOLD, workers have been commended for good performance that has enabled the mine to achieve its target.   Board Chairman of the State Mining Corporation (STAMICO), Ambassador Alexander Muganda, made the remarks here on Tuesday during . . .

 Acacia Mining (LON:ACA) on Tuesday announced the successful restart of operations at its Bulyanhulu gold mine in Tanzania.   Acacia, majority owned by Canada’s Barrick Gold (TSX, NYSE:ABX) said the process plant at Bulyanhulu, one of three mines in operates in the East African cou . . .

 In September 2015, The Montreux Natural Resources Fund, formerly The Montreux Commodity Trading Fund Cayman, expanded its focus in the gold-mining sector by acquiring a 50 per cent stake in the Tanzanian mining investment company GRB Mining Ltd, based in Dar Es Salaam.   GRB Mining, whi . . .

 Tanzania aspires to see the mining sector contributes up to 10 percent to the economy through value addition and beneficiation so as to spur growth and development.   The Deputy Permanent Secretary at the Ministry of Energy and Minerals, Prof James Mdoe made the remarks in Dar es Salaam . . .

 Investment company Armadale Capital will increase its focus on further developing its Mahenge Liandu graphite project in south-east Tanzania, as it represent an “exciting new investment”. Being a key element in the global battery market, the potential of the graphite prospect led . . .