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Kibo reports accelerated progress at Mbeya

By: Natasha Odendaal     26th July 2017 The Mbeya coal-to-power project (MCPP) was seeing accelerated momentum, with a fresh round of successful follow-up meetings with government departments and other Tanzanian stakeholders concluded, AltX- and Aim-listed Kibo Mining said on Wednesday. The Tanzania-focused mineral exploration and... 

Strandline gets enviro approval for Fungoni

By: Esmarie Swanepoel     26th July 2017 ASX-listed Strandline Resources has secured key environmental approval for its Fungoni heavy mineral sands project, in Tanzania. The grant of the environmental certificate is a key prerequisite for the grant of a mining licence and will remain valid for the life of the project, with Strandline... 

Acacia gets almost $200bn adjusted Tanzanian tax assessments

By: Henry Lazenby     24th July 2017 The Tanzania Revenue Authority (TRA) has issued two Acacia Mining subsidiaries with adjusted tax assessments totalling nearly $200-billion in alleged unpaid taxes, penalties and interest owed. This is the latest blow to the operator, whose first-half performance this year was severely impacted by... 

Tanzania concentrate export ban weighs on Acacia’s H1 performance

By: Natasha Odendaal     21st July 2017 Tanzania’s ongoing concentrate export ban, implemented in March, has significantly impacted on LSE-listed Acacia Mining’s results for the first six months of the year. Despite delivering its highest-ever first-half production levels during the period to June, Acacia now expects production to stay... 

Lessons learned underpin multicontinent sugar strategy

By: Robyn Wilkinson     21st July 2017 Specialised polymer manufacturer Vesconite Bearings believes that the experience it has gained from KwaZulu-Natal sugar mills will prove instrumental in ensuring the success of its multi-continent sugar strategy and grow the company’s revenue from new markets. 

May unveils British initiatives aimed at reducing Africa’s reliance on aid

By: Keith Campbell     21st July 2017 British Prime Minister Theresa May used the recent G20 Summit in Hamburg, Germany, to announce a series of new British initiatives intended to reduce the reliance of African countries on aid and increase their long-term stability and prosperity. This was in line with a theme for the summit... 

Vodacom Q1 revenue rises on South African operation’s strong performance

By: Creamer Media Reporter      20th July 2017 Strong revenue growth in its South African operation boosted telecommunications group Vodacom’s group revenue for the quarter ended June 30, by 3.9% year-on-year to R20.7-billion. In South Africa, revenue grew by 7.8% year-on-year to R16.65-billion, underpinned by a 17% increase in equipment... 

Self-Generated Power Needs Special Focus On Efficiency

     20th July 2017 Remote projects that are far from national power grids will tend to pay a premium for generating their own energy; so they need to plan carefully to use it as efficiently as they can. This is the advice of Zest WEG Group CEO Louis Meiring, who emphasises the opportunities presented by modern... 

Russian nuclear giant in MoU with Africa’s young nuclear professionals

     19th July 2017 Russian energy group Rosatom today signed a Memorandum of Understanding on support and cooperation with the African Young Generation in Nuclear organisation, at the POWER-GEN & DistribuTECH Africa conference and exhibition in Sandton. Rosatom, participating in a one-day Nuclear Forum at POWER-GEN... 

Shanta to review cost base in light of new legislation, higher royalties

By: Creamer Media Reporter      19th July 2017 East Africa-focused Shanta Gold is undertaking a business review of its operational and cost base in Tanzania, where it operates the New Luika mine, following the introduction of new legislation and higher royalty rates. The Tanzanian Parliament earlier this month enacted the Natural Wealth and... 

Volt signs fourth graphite offtake agreement

By: Esmarie Swanepoel     17th July 2017 Graphite developer Volt Resources has signed a fourth offtake agreement with a Chinese customer, filling in full the Stage 1 capacity of its Namangale project, in Tanzania. Qingdao Tianshengda Graphite has signed an offtake term sheet for an initial 10 000 t/y of flake graphite product from the... 

Kibo unaffected by Tanzania mining legislation changes

By: Anine Kilian     14th July 2017 Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment. Reuters reported that Tanzania’s Parliament had passed two laws... 

Local GBCSA member appointed chair of regional network

By: Anine Kilian     13th July 2017 Green Building Council South Africa (GBCSA) sector managing executive Thulani Kuzwayo has been appointed regional chair of the Africa Regional Network – a group of green building councils working to advance green building within the region. The World Green Building Council’s (WorldGBC’s) Africa... 

AngloGold initiates arbitration proceedings over new Tanzania legislation

By: Ilan Solomons     13th July 2017 Concerned about newly enacted legislation in Tanzania, gold mining major AngloGold Ashanti is seeking a “constructive dialogue” with the Tanzania government to gain assurance that its operations will not be affected by newly enacted legal and fiscal changes to the country’s mining legal regime.... 

Chinese consortium reaffirms commitment to Graphex’s Tanzania project

By: Esmarie Swanepoel     13th July 2017 The share price of graphite developer Graphex Mining rose by nearly 35% on the ASX on Thursday after the company’s Chinese partners reaffirmed their commitment to the Chilalo project, in Tanzania. Graphex told shareholders that it had revised the terms of a proposed joint venture (JV) and equity... 

Katoro’s Imweru drill programme ahead of schedule

By: Anine Kilian     12th July 2017 Gold exploration and development company Katoro Gold’s infill drilling programme at its Imweru gold project, in Tanzania, is progressing significantly better than planned and is currently ahead of schedule and below budget. Owing to the strong drill performance and significant cost savings made... 

Sub-Saharan Africa mobile users to exceed 500m by 2020

By: Anine Kilian     12th July 2017 More than 500-million people across sub-Saharan Africa will be subscribed to a mobile service by the end of the decade, a new report shows. The report ‘The Mobile Economy: Sub-Saharan Africa 2017’, which was published by GSMA on Wednesday, forecasts that the number of unique mobile subscribers in... 

Edenville’s coal wash plant ready to be transported to Rukwa

By: Anine Kilian     12th July 2017 The coal wash plant for use at Aim-listed Edenville Energy’s Tanzania-based Rukwa coal mine has been cleared through Tanzanian customs and is being readied for transport to site.  The wash plant is expected to arrive on site during the second half of July. 

Epanko financing not affected by Tanzanian laws

By: Esmarie Swanepoel     12th July 2017 Graphite developer Kibaran Resources on Wednesday told shareholders that the recent legislative changes in Tanzania were unlikely to affect project funding for the Epanko project. The company has held discussions with its international banking partners, which has supported Kibaran throughout the... 

Tanzania's President Magufuli says signed new mining Bills into law

By: Reuters     10th July 2017 Tanzania's President John Magufuli said on Monday he had signed into law three Bills passed by Parliament last week, that pave the way for a rise in royalties for gold and other minerals and an overhauling of contracts in the sector. "I would like to thank Parliament for making the legislative... 

Sub-Saharan Africa needs a ‘gas economy’

     10th July 2017 Natural gas should not be overlooked as a key solution to several sub-Saharan African energy challenges In the rush to adopt renewable energy, Africa may be overlooking the cost savings, efficiencies and lifestyle enhancing properties of gas, say experts participating in the upcoming Africa LPG... 

Australian miners emerge unscathed from Tanzania mining law changes

By: Esmarie Swanepoel     7th July 2017 A number of Australian juniors operating in Tanzania have emerged from the rubble of the recent legislative changes, largely unscathed. Several Tanzania-focused companies resumed share trading on the ASX on Friday, telling shareholders that the legislative changes passed by the Tanzanian... 

Kenya set to build three industrial megaparks

By: John Muchira     7th July 2017 Kenya has embarked on the construction of three industrial megaparks in an effort to attract investors and spur growth in the struggling manufacturing sector. The East African nation, which has lost its manufacturing competitive edge to Ethiopia, plans to build the megaparks as part of the Kenya... 

Britain to keep preferential access for poor countries, post-Brexit

By: Keith Campbell     7th July 2017 The British Government has publicly committed itself to maintaining duty-free access to British markets for the world’s least-developed countries (LDCs, as defined by the United Nations) following the UK’s departure from the European Union (EU). London further expressed a desire to increase trade... 

Joint venture reopens graphite mine in Mozambique

By: Keith Campbell     7th July 2017 The Ancuabe graphite mine in Mozambique’s Cabo Delgado province was re-opened on June 28, following 18 years of inactivity. This was the result of a private sector investment of €12-million in the project. The mine is now operated by GK Ancuabe Graphite Mine Sociedade Anônima, which is a joint... 

Walkabout to review DFS for Tanzania project

By: Esmarie Swanepoel     6th July 2017 Graphite developer Walkabout Resources on Thursday told shareholders that it would review the definitive feasibility study (DFS) results for its Lindi Jumbo project, to assess the impact of the Tanzanian government’s legislative changes on the project economics. The Tanzanian Parliament earlier... 

Uranium Resources receives mining licence for Tanzania operations

By: Megan van Wyngaardt     5th July 2017 Uranium Resources’ major shareholder, Estes, on Wednesday confirmed that it would continue to fund the company’s ongoing working capital requirements while the company reviews alternative financing arrangements.  To date, Estes has provided unsecured loans totalling $1.8-million, which are now... 

AngloGold to study new Tanzanian mining laws

By: Megan van Wyngaardt     5th July 2017 AngloGold Ashanti on Wednesday said it would, in the context of its existing mine development agreement with the government of Tanzania, analyse new laws that may impact on its operations and take steps from there. The company operates the Geita mine, which produced 489 000 oz of gold in 2016, in... 

Australian miners halt trading on Tanzanian law changes

By: Esmarie Swanepoel     5th July 2017 A slew of Australian mining companies have suspended share trading on the ASX amid legislative changes in the Tanzanian mining sector. The Tanzanian Parliament earlier this week passed two laws allowing the government to force mining companies to renegotiate contracts, with a third Bill... 

Notices of arbitration served in Tanzania – Acacia

By: Megan van Wyngaardt     4th July 2017 Notices of arbitration have been served in Tanzania on behalf of Bulyanhulu Gold Mine Limited (BGML) and Pangea Minerals Limited (PML), which hold Acacia Mining’s Bulyanhulu and Buzwagi mines. Acacia said in a statement on Tuesday that the notices referred the current disputes between Tanzania’s... 

Kibo monitoring Tanzania mining legislation changes

By: Anine Kilian     4th July 2017 Tanzania-focused exploration and development company Kibo Mining is reviewing pending mining legislation changes in Tanzania. The Aim- and JSE-listed company, which is developing the Mbeya coal-to-power project (MCPP) in the country, on Tuesday said it would continue to monitor the situation... 

Kenya reviews mining laws as industry struggles to grow

By: Bloomberg     4th July 2017 Kenya is reviewing its mining code, a year after enacting new legislation, as it seeks to attract investment into an industry that’s barely grown over the past five years. The government is working with the UK Department for International Development-funded Extractives Hub to come up with a... 

Mixed reaction from Australian miners to Tanzania mining law proposals

By: Esmarie Swanepoel     3rd July 2017 Australian miners have responded with mixed feelings to the announcement of possible legislative changes in Tanzania. Three Bills that were recently submitted to the Tanzanian Parliament would allow the government to force mining and energy companies to renegotiate contracts. 

4th Africa LPG Summit 2017

     3rd July 2017 You are invited to join over 500 pan-African energy stakeholders who will participate in the largest conference around LPG and CNG in the region. The fourth edition of the Africa LPG Summit, co-located with CNG-NGV Africa will be staged from 11 - 12 July at Emperor's Palace, Johannesburg. Limited... 

Acacia paid $184m in taxes to governments in 2016

By: Megan van Wyngaardt     30th June 2017 Gold miner Acacia Mining paid $184-million to the governments of countries where it operates in 2016. Of this, $88.11-million in income tax and royalties was paid the government of Tanzania. When payroll-related and other taxes are included, this figure rises to 165-million. 

Acacia Mining reviewing Tanzania’s proposed legislative changes

By: Natasha Odendaal     29th June 2017 Gold miner Acacia Mining is reviewing the proposed legislative changes to the legal framework governing the natural resources sector in Tanzania. This followed the recent publication of draft legislation, which is expected to be debated by the country’s Parliament in an extended Parliamentary... 

Summit to outline African LPG market growth potential

By: Mia Breytenbach     29th June 2017 While Africa – the fastest-growing liquefied petroleum gas (LPG) market in the world today – is rich with potential for LPG industry players, distribution challenges, affordability and safety issues need to be addressed to capitalise on this potential, according to industry experts. This emerged... 

AngloGold to restructure South African mines to ensure viability

By: Martin Creamer     28th June 2017 Gold mining company AngloGold Ashanti has begun consulting with employees on placing the 59-year-old Savuka mine and the 36-year-old Kopanang mine on care and maintenance, and evaluating the integration of the 60-year-old TauTona mine into the neighbouring Mponeng mine, which is being set up as a... 

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