Market News

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 . . .

MMG Gold is expected to start mining operations at Seka village, Musoma District, Musoma Region on September this year.   The Mineral and Energy Minister Prof Sospeter Muhongo said this during his visit to the mining site to inspect the progress where he was informed that the construction has . . .

Frank Mugyenyi is a senior advisor for the department of trade and industry at the African Union Commission (AUC), and the brain behind the new African mining treaty. Adopted in 2009, the main objective of the treaty is to strengthen co-operation and partnership between the public and private sector . . .

Tanzania has been elected chair of the Governing Council of African Minerals and Geosciences Centre (AMGC). The appointment was made over the council's 36th annual meeting in Addis Ababa.   Tanzania was represented by the Permanent Representative to the United Nations Economic Commission for . . .

 Dodoma — Construction of a coal to electricity project at Kiwira coal mine will start next year, according to the deputy minister for Energy and Minerals, Mr Medard Kalemani informed Parliament today.   He noted that the State Mining Corporation, Stamico, will spend a total of $50 . . .