Market News
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Tanzania: Coal Import Ban to Speed Up Local Projects Development
Posted on :Monday , 22nd August 2016
Edenville Energy has welcomed the government move to ban coal import as an impetus in boosting local production.The government decision gives an opportunity to local based companies to increase production of coal and enable the country's resources to be brought into commercial production and the potential of the local coal industry to be more fully developed.Harmony Gold swings back to profit, will consider Barrick's Acacia stake
Posted on :Monday , 22nd August 2016
South Africa’s Harmony Gold (JSE:HAR) (NYSE:HMY) is said to be considering the acquisition of Barrick Gold's stake in Acacia Mining (LON:ACA), as the miner looks to expand operations across Africa.Reporting annual results for the year ended in June, Harmony — the world’s fifth-largest gold producer and South Africa No. 3 miner of the precious . . .Tanzania: Maiden Arusha Tanzanite Auction Generates 7 Billion/-
Posted on :Thursday , 18th August 2016
Tanzanite gemstones worth over 3.3 million US dollars (over 7bn/-) were sold during the maiden mineral auction here over the weekend as Manyara region starts the process to build mineral export processing zone at Mirerani."We have already secured a vast plot onto which the Tanzanite EPZ will be established, with all polishing, processing and branding done . . .Black Rock Mining Ltd graphite test work delivers exceptionally high purities
Posted on :Tuesday , 16th August 2016
Black Rock Mining Ltd has achieved a 99.1% total graphitic carbon purity for all flake sizes from its bulk sample taken from the Mahenge graphite project in Tanzania.The sample taken from the Ulanzi prospect represents significant purity improvements in the finest two flake sizes.Graphite at this high purity level will be s. . .Singida Gold Production to Begin in Q1 2017
Posted on :Tuesday , 9th August 2016
Gold mining company Shanta Gold (AIM:SHG), will commence production at its Singida Gold Project in Tanzania, in Q1 2017.
Singida is an advanced stage gold project, located in the Ikungi Administrative District, Singida Region, central Tanzania, with gold resource of 858,000 ounces (oz).
Gold production at Singida is expected to reach approximately 800 oz per month. Develop. . .
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