Tanzanian Royalty Announces $5 Million Financing for Mining Development

Posted on :Friday , 2nd September 2016

 Tanzanian Royalty Exploration Corporation (TNX)(nyse mkt:TRX) (the "Company") is pleased to announce that it has closed the first tranche of a $5 Million private placement of securities with Crede CG III, Ltd, a wholly-owned subsidiary of Crede Capital Group, LLC, a long-only family office that invests in emerging growth companies. Funds will be used by the Company's to expand i. . .

Ethiopia: Canadian Investors Keen to Engage in Energy, Mining Sectors

Posted on :Thursday , 1st September 2016

 Ethiopia and Canada discussed to further strengthen their bilateral relations in the areas of trade, investment, peace and security.

International Tanzanite Auction Generate USD3.5m

Posted on :Wednesday , 31st August 2016

 The First International Tender Auction for rough and cut Tanzanite organized by the Government of Tanzania generated almost USD3.5m.

The auction was held in Arusha, northern Tanzania, on August 9th–12th 2016.

A total of 330,553.17 grams of rough and 3,274.70 carats of cut Tanzanite was brought for sale by 5 Tanzanite mining companies: Tanzaniteone Mining Company Ltd,. . .

Epanko Graphite Project Undergo Studies for 50% Production Expansion

Posted on :Tuesday , 30th August 2016

 Australian graphite developer Kibaran Resources (ASX:KNL) announced that it has started studies on expanding the production capacity of its Epanko Graphite Project in Tanzania, by 50%.

The studies will focus on increasing Epanko’s capacity from 40,000 tons per annum (tpa) of graphite concentrate to 60,000tpa. Kibaran decided to start the expansion studies after securing bind. . .

Tanzania: Tech Helps Tanzania to Discover More Gold Reserves

Posted on :Monday , 29th August 2016

 The use of geographical information system (GIS) technology in gold exploration in Tanzania has led to the discovery of large deposits near the Bulyanhulu goldmine in Kahama.