Market News

The accommodating atmosphere in the mining sector of the country has attracted both global and local investors, according to Deputy Prime Minister Dr. Doto Biteko. Dr. Biteko delivered the remarks in Dar es Salaam during the two-day 2023 International Mining and Investment Meeting, which was su . . .

Tanzania was once again highlighted as a growth market, and diplomatic participation from Tanzania as well as the Australian government was encouraging for exploration businesses. Australia's investments in Tanzania are a clearly encouraging indication and a reflection of its commitment to reen . . .

According to Paul Williams, CEO of AuKing Mining Ltd, the business has begun planned exploration at the Mkuju Uranium Project in southern Tanzania. Parts of a significant radiometric anomaly zone close to the renowned, Russian-owned Nyota Uranium Project will be the focus of the initial 3,000-meter . . .

The State Mining Corporation (Stamico) declared that it was ready to collaborate with Kenyan mineral professionals in order to raise the standard for how the two countries should manage their mining sectors to support economic progress. This was discussed during a gathering of six mining-relate . . .

Dr. Mwingulu Nchemba, the minister of finance and planning, presented a 44.39 tri/- budget estimate for recurrent and expenditures. This estimate included a proposal to change the Mining Act, CAP 123, to exclude refinery centres from paying the one percent inspection charge. The goal of the bil . . .