Market News

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. & . . .

 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 . . .

 Tanzania has set aside $3 million in grants to small-scale miners, in a plan that seeks to develop the sector and boost revenue collection.   The World Bank will be funding the programme, which targets different groups of artisan miners, with women’s groups being allocated 30 per . . .

 Lindi — Seven regions will soon have mineral exploration and processing centres, thanks to a strategy that the government has devised to promote mining activities in the country.   The government has through the Ministry of Energy and Minerals worked out the strategy to upgrade th . . .

As part of strategies to enhance the contribution of the mining sector in the economy, the government plans to perk-up the State Mining Corporation (Stamico) to enable it venture into strategic mining projects.   The mining sector contribution to the Gross Domestic Product (GDP) is just 3.5 p . . .