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Tanzania internet users hit 23m; 82% go online via phones – regulator

By: Reuters     23rd February 2018 The number of internet users in Tanzania rose by 16% at the end of 2017 to 23-million, with the majority of those using their handsets to go online, the telecom industry regulator said on Friday.    Mobile phone use has surged in Tanzania and other African countries over the past decade, helped... 

Kibaran eager to engage Tanzania’s new Minerals Commission

By: Natasha Odendaal     23rd February 2018 ASX-listed Kibaran Resources stands ready to present its Epanko graphite project to Tanzania’s yet-to-be-established Minerals Commission to start discussions over “silent” matters and the impact on the proposed Epanko debt financing arrangements. Kibaran said it had reviewed the mining... 

NSW grants mining lease for Clean TeQ Sunrise project

By: Mariaan Webb     23rd February 2018 The New South Wales Planning and Environment department has formally issued the mining leases for the Clean TeQ Sunrise project area and proposed limestone quarry, marking a key milestone in the development of one of the largest cobalt and nickel deposits outside Africa. Clean TeQ, which is... 

Tanzania's new mining rules impose restrictions on foreign banks, insurers

By: Reuters     21st February 2018 Foreign-owned banks, insurance companies and law firms could be locked out of Tanzania's mining sector as part of tough new regulations that aim to limit foreign ownership of mining-related activity. Africa's fourth-largest gold producer is seeking to take more of the profits from its vast... 

Strikes, currency strength push Petra to H1 loss

By: Dylan Slater     19th February 2018 Strike action at some of its South African mines, currency strength and the inability to sell a parcel of diamonds from its Williamson mine, in Tanzania, negatively impacted on Petra Diamonds’ profitability in the six months ended December 31.  

Acacia considers selling stake in Tanzania operations

By: Schalk Burger     19th February 2018 Tanzanian gold miner Acacia Mining is considering the possible sale of a stake in some or all of its Tanzanian operations. “The company is engaging with a small number of potential investors, the process remains at a very early stage and there can be no certainty that an agreement will be... 

Kibo, Tanesco sign MoU

By: Simone Liedtke     14th February 2018 Africa-focused energy and resource company Kibo Mining has signed a memorandum of understanding (MoU) with the Tanzania Electric Supply Company (Tanesco) as a precursor to the finalisation of a power Purchase Agreement (PPA) for the Mbeya coal-to-power project (MCPP). The PPA is expected to be... 

Enviro approval for OreCorp's Nyanzaga gold project granted

By: Simone Liedtke     14th February 2018 The environmental certificate for mineral exploration company OreCorp's Nyanzaga gold project, in the Lake Victoria Goldfields of Tanzania, has been granted, the company announced on Wednesday. The certificate, which is a culmination of over 18 month's work by the company, stakeholders and... 

Upgraded resource estimate confirms Strandline's Tajiri as large-scale project

By: Simone Liedtke     14th February 2018 The mineral resource estimate of emerging heavy mineral sands (HMS) developer Strandline Resources' 100%-owned Tanga South Tajiri mineral sands project, in Tanzania, has more than doubled in contained heavy mineral content to 4.6-million tonnes. This result, the company announced on Wednesday,... 

Acacia scraps FY17 dividend, posts $707m net loss

By: Anine Kilian     12th February 2018 The share price of LSE-listed Acacia Mining fell by 18.6% on Monday as it reported a net loss of $707-million for 2017 and said it would not pay a dividend for the financial year. The company continues to be negatively affected by a general ban on the export of metallic mineral concentrates in... 

Gold giant Barrick faces grilling after fall to bottom of pack

By: Bloomberg     12th February 2018 Barrick Gold executives will have some explaining to do when the company releases full-year results Wednesday. Even with rising gold prices and a strengthened balance sheet, the world’s largest gold producer left shareholders with the worst returns among its top North American peers last year... 

Gemfields transparent, proactive in rebutting rights allegations

By: Martin Creamer     12th February 2018 Coloured gemstones company Gemfields has been transparently proactive in rebutting claims of human rights abuses in Mozambique, where it mines rubies. "We've voluntarily elected to issue this statement," Gemfields, headed by CEO Sean Gilbertson, commented in a release on Monday about UK-based law... 

Transnet to lease rolling stock to Zambia Railways

By: Reuters     8th February 2018 South African logistics firm Transnet will lease locomotives and wagons to Zambia Railways to boost its capacity to handle bulk cargo, Zambia Railways' CEO said on Thursday. Zambia Railways CEO Christopher Musonda said Transnet had agreed to lease eight locomotives and 600 wagons to the Zambian... 

Online-Electrical, EM partnership is a ‘win-win’ for customers

8th February 2018 Electrical supply company Online-Electrical is a proud distributor of the comprehensive product range of ElectroMechanica (EM), which comprises high-end industrial electrical products, motor control switchgear, and electronic automation products. Online-Electrical MD Joey Gaskell comments that... 

Volt applies for its mining permits in Tanzania

By: Creamer Media Reporter      8th February 2018 Tanzania-focused flake graphite development company Volt Resources has lodged its mining licence applications for the Bunyu graphite project. The applications cover both the Stage 1 development, where an estimate 400 000 t/y of ore will be processed producing a nominal 20 000 t/y of graphite... 

Armadale’s Mahenge Liandu resource upgraded

By: Anine Kilian     7th February 2018 The resource at Aim-listed Armadale Capital’s Tanzania-based Mahenge Liandu graphite project has been upgraded to 51.1-million tonnes, at 9.3% total graphitic carbon, following an infill drilling campaign. The resource is now 25% higher than the previously reported 40.9-million tonnes at 9.41%... 

Tanzania lays down the law on local participation in mining sector

By: Anine Kilian     7th February 2018 The mining industry in Tanzania is adopting a wait-and-see approach following the government’s sweeping changes to mining regulations, aimed, in part, at ensuring sovereign ownership of the country’s natural resources. Over the past 12 to 18 months – and as recently as last month – there has been... 

Paragon clinches three major accolades at SAPSA Awards 2018

6th February 2018 Paragon won Architecture Firm of the Year and Best Overall Professional Services Firm of the Year, while Founding Director Henning Rasmuss was crowned Architecture Professional of the Year, at the South African Professional Services (SAPSA) Awards 2018, sponsored by Sanlam, at a gala dinner at... 

Monetary policies, US politics weigh on 2017 gold demand

By: Megan van Wyngaardt     6th February 2018 The gold story over the past two years has been one of polar opposites, with the significant demand for gold in 2016 offset by a more muted 2017, the World Gold Council (WGC) outlined on Monday. Gold demand rallied in the closing months of 2017, gaining 6% year-on-year in the fourth quarter to... 

Zest WEG Group 

5th February 2018 The Zest WEG Group has a strong commitment to contributing to the development of the African region, and has been servicing the mining sector on the continent for more than 35 years.  

Electric cars and niche metals lure cash back to African mines

By: Bloomberg     2nd February 2018 Rising commodity prices may have revived enthusiasm for African resources, but it’s unlikely to be the old mainstays of coal and iron ore pulling crowds next week as the mining industry meets in Cape Town. The electric-vehicle boom and shifting industrial demand have transformed formerly niche... 

Multinational initiative stimulating intraregional East African trade

By: Rebecca Campbell     2nd February 2018 The multinational TradeMark East Africa (TMEA) initiative has been bearing fruit and, with its first phase having proved a success, it is now moving into its second phase. TMEA involves Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda, and is focused on promoting trade between the... 

The growing importance of Gas in the Africa Mix, latest market trends

1st February 2018 The 3rd Africa Gas Forum will be taking place on Monday, 19th February 2018 at the Sandton Convention Centre, Johannesburg, South Africa, and is affiliated to African Energy Indaba (AEI) as an official side event. With African economic growth in 2018 making a recovery after a difficult year,... 

Acacia buys into further gold price protection measures

By: Megan van Wyngaardt     1st February 2018 Embattled Tanzania-focused miner Acacia Mining has bought additional put options covering 120 000 oz of gold at a strike price of $1 320/oz at a cost of $2-million. The options would expire in equal instalments of 30 000 oz a month between March and June. 

Edenville to start mining at second Rukwa deposit

By: Anine Kilian     31st January 2018 Mining operations are proceeding as planned at Aim-listed Edenville Energy’s Rukwa-coal-to-power project, in Tanzania, with high-quality, near-surface coal being extracted from the Mkomolo deposit.  In a production update on Wednesday, the coal miner said operations have kept pace with demand and... 

Petra delivers record production but stifled by Tanzania blockage

By: Megan van Wyngaardt     29th January 2018 In the six months to December 31, LSE-listed Petra Diamonds saw a 10% production increase to 2.2-million carats across its operations, which was in line with guidance. This represented record production for any six-month period for the company. 

Scoping study at Armadale’s Tanzanian graphite project on schedule for Q1 completion

By: Anine Kilian     29th January 2018 Aim-listed Armadale Capital is hoping to publish an upgraded mineral resource estimate for its Mahenge Liandu graphite project, in Tanzania, by the end of February. “We believe [the upgraded resource estimate] will provide investors and potential end-users with a better sense of the size and... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Mining Indaba to provide ‘first-hand experience’ of return of investor appetite

By: Nadine James     26th January 2018 With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first-hand, says Mining Indaba MD Alex Grose. This renewed investor interest... 

Tanzania moves to buy standard-gauge rail rolling stock

By: John Muchira     26th January 2018 Tanzania has set in motion the process to acquire rolling stock to be used on the standard-gauge railway (SGR) network that is currently under construction as it vies to become East Africa's transport hub. According to an international tender notice floated by State-run railway company Reli... 

Artisanal, small-scale mining explodes amid rising prices

By: Natasha Odendaal     22nd January 2018 A new report has revealed explosive growth in the number of artisanal and small-scale miners worldwide over the past two decades amid rising mineral prices and a general struggle in earning a living from agriculture. The Intergovernmental Forum (IGF) on Mining, Minerals, Metals and Sustainable... 

Strandline signs offtake deal for Tanzania mineral sands project

By: Megan van Wyngaardt     22nd January 2018 ASX-listed Strandline Resources has secured a binding offtake agreement for 100% of the zircon/monazite product to be produced at its Fungoni mineral sands project, in Tanzania. Marking it as a major step towards bringing its first mineral sands project into production, the company said on Monday... 

Kibaran board approves spherical graphite pilot plant

By: Megan van Wyngaardt     22nd January 2018 The board of ASX-listed Kibaran Resources has approved the spherical graphite pilot plant programme at a plant in Germany, using feedstock from the Epanko graphite project, in Tanzania. Funded through available working capital, the initial testwork programme aims to optimise the spherical... 

Magufuli bans registration of foreign ships in Tanzania, orders probe

By: Reuters     22nd January 2018 Tanzanian President John Magufuli on Friday put a temporary ban on the registration of foreign ships in the country and ordered over 400 vessels to be investigated for allegations of involvement in criminal activity. The ban came after at least five foreign-owned ships flying Tanzania's flag were... 

Shanta expects to produce up to 88 000 oz of gold this year

By: Megan van Wyngaardt     18th January 2018 East Africa-focused gold developer Shanta Gold’s New Luika mine, in Tanzania, produced 21 288 oz of gold in the three months ended December 31, a quarter-on-quarter increase of 17%. This brought the Aim-listed miner’s full-year production to 79 585 oz, in line with its 80 000 oz guidance, but... 

Illovo appoints new South Africa MD

By: Anine Kilian     17th January 2018 Illovo Sugar South Africa has appointed Mamongae Mahlare MD, effective March 1. She will succeed Dave Howells who stepped down to focus on his role as corporate and external affairs executive within the broader Illovo Sugar Africa Group.   Mahlare previously held commercial, operational and... 

Acacia completes sale of royalty over Burkina Faso mine

By: Megan van Wyngaardt     17th January 2018 Embattled gold miner Acacia Mining has completed the sale of an existing 2% net smelter royalty over the Houndé mine, in Burkina Faso, for $45-million. The LSE-listed company in December said it was selling the royalty to Canadian miner Sandstorm Gold after its three producing gold mines in... 

Acacia’s Q4 gold production slumps on export ban

By: Mia Breytenbach     15th January 2018 While LSE-listed Acacia Mining’s gold production for the fourth quarter in 2017 was slightly ahead of expectations at 148 477 oz, it was 30% lower quarter-on-quarter as a result of its flagship Bulyanhulu gold mine in Tanzania having downscaled operations. The miner’s decision to reduce... 

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