Market News

This is NMB Bank's third mining-related platform. Mining clients of NMB Bank Plc in Arusha, Northern Zone now have their own networking platform. The platform is part of a larger aim by the lender to increase lending to the mining sector from Sh63 billion to Sh200 billion by 2025. The . . .

As miners seek to expand the rare earths sector, projects are springing up all over the world, including Tanzania in Africa. Rare earth elements, a fast-growing mainstay of the green energy revolution, are utilized to manufacture electric magnets used in everything from electric cars (EVs) to d . . .

Tanzanian Gold Corporation reported third-quarter 2021 results. TanGold's Chief Executive Officer, Stephen Mullowney, remarked, "The Company and Buckreef Gold have continued to make tremendous progress this quarter." We designed and are currently implementing a strategy to reduce cash burn at the Bu . . .

Tanzania Ministry of Minerals is now concentrating on strengthening revenue collection to boost the mining sector's contribution to GDP.Minister for Minerals, Dr Dotto Biteko, offered his ministry's budget estimates, stating that the government's objective for the fiscal year 2021/2022 is to accumul . . .

The mining industry should be leading the way in exploiting the earth's wealth in more environmentally friendly ways, given its major duty to both man and nature. It is, after all, one product, one step at a time. In terms of global industrial growth, the mining industry is significant. Mining . . .