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Nedbank Corporate and Investment Banking has structured and fully underwritten a $500-million credit facility for AngloGold Ashanti's Geita gold mine, Tanzania's largest gold operation, ahead of a planned debt syndication process. A local-currency syndication is now under way to allow Tanzanian banks to participate, supporting local content requirements and Geita's ongoing development programme.
TRX Gold posts record quarter at BuckreefTRX Gold Corporation reports record processing throughput and adjusted earnings before interest, taxes, depreciation and amortisation of $20.7-million for the quarter ended May 31, with Buckreef Gold pouring 7 426 oz at a record average realised price of $4 703/oz. The company has already exceeded full-year guidance, having produced over 25 000 oz year-to-date, and is expanding processing capacity with a new 3 500 t/d semi-autogenous grinding mill circuit alongside upgrades to its existing 2 000 t/d plant.
Mining services activity strengthens furtherCapital reported a quarterly revenue record of $117.3-million, adding underground reverse-circulation drilling capacity at Geita, while trucks hauling lithium concentrate from Zijin's Manono project in the Democratic Republic of Congo now transit through Tanzania to reach Chinese buyers.
Tanzania Updates
Automechanika successfully hosted the third stop of its Africa Connect Roadshow today in Dar es Salaam, Tanzania, bringing together automotive industry professionals for a day of networking,...
Uganda, in 2015, worked with the Democratic Republic of Congo (DRC) to build roads in the eastern DRC, which enabled goods manufactured in Uganda to be exported to this region, benefitting Uganda...
Mining services company Capital has reported another quarterly revenue record of $117.3-million for the three months ended June 30. This contributed to stronger-than-expected revenue of...
China's Zijin has started exporting lithium concentrate from its Manono project in Democratic Republic of Congo, five sources familiar with the matter have told Reuters. "Exports started in June as...
Telecommunications giant Vodacom Group has partnered with the University of the Witwatersrand (Wits) on a leadership development initiative designed to prepare the next generation of leaders for...
TSX-listed TRX Gold Corporation CEO Stephen Mullowney says the company’s results for the quarter ended May 31 demonstrate that the company’s investments in plant optimisation are delivering...
Nedbank Corporate and Investment Banking (Nedbank CIB) has structured and underwritten a $500-million credit facility for gold major AngloGold Ashanti's Geita gold mine, in Tanzania. In a media...
The Democratic Republic of Congo (DRC) approved a plan to partner with Portuguese construction company Mota-Engil SGPS on rehabilitating a key railway used for transporting copper and cobalt. The...
Radar-based level measurement technology supplied in 2023 by instrumentation technology company Vega Instruments to a gold mine in Tanzania’s Shinyanga region has reduced downtime by five days and...
Vertically integrated battery anode materials company EcoGraf has appointed Sven Olsson as independent non-executive director and Dr Peter Schuhmacher as advisor to the board to drive global...
TSX-V-listed Lake Victoria Gold says Charl Coetzee of Sutton Consulting International has mobilised to the company’s fully permitted Imwelo gold project, in northwestern Tanzania, as project...
Tanzania's central bank has bought about 28 metric tons of gold over the past 18 months to bolster its international reserves and support the shilling currency, its Governor Emmanuel Tutuba said....
Nigeria's Dangote Group plans to finance a proposed 700 000 bbl/d oil refinery in Kenya through internal cash flow, bonds and an initial public offering, a senior company executive told Reuters....
SEW-EURODRIVE South Africa is making strong progress in its strategy to become a key player in industrial gearboxes, drives and automation across the continent. Years of proactive planning and...
Gold explorer and developer Lake Victoria Gold (LVG) has announced that its subsidiary, Tembo Gold – holder of Mining Licence ML 538/2015 over the fully permitted Imwelo gold project, in...
Africa is not short of opportunity, however it is short of reliability. Across mining operations, agricultural holdings, construction sites, manufacturing plants, forestry concessions and more, one...
As infrastructure projects across Africa continue to grow in scale, complexity and regional significance, the ability to successfully deliver across borders is becoming a critical differentiator...
Electricity and Energy Minister Dr Kgosientsho Ramokgopa has appointed Ria Govender as acting chairperson of the National Energy Regulator of South Africa (Nersa), from June 15 until the...
By: Ahmed Mohamed Ahmed Hegazy - Business Development Leader, Energy and Chemicals, Schneider Electric East Africa Tanzania’s energy and chemicals segment is projected to show tremendous growth in...
The Western Cape have secured another international investment, with Italian agricultural machinery manufacturer SDF opening its South African commercial subsidiary in Paarl. The 100-year-old...
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