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Acacia Q1 results undercut by Tanzania tax crackdown

By: Samantha Herbst     21st April 2016 Despite London-listed Acacia Mining reporting a strong operational performance for the three months ended March 31, which includes the company’s best cost performance since 2010, the Tanzania-focused gold miner’s first-quarter results were undercut by a tax provision taken following an adverse... 

DFS published for Cradle’s Tanzania niobium project

By: Esmarie Swanepoel     20th April 2016 A definitive feasibility study (DFS) into the Panda Hill niobium project, in Tanzania, has increased the project’s expected net present value (NPV) while considering an alternate development scenario. A 2015 prefeasibility study (PFS) considered a base case production scenario of two-million... 

Kibo’s Mbeya coal restatement hikes resource

By: Natasha Odendaal     11th April 2016 Aim- and AltX-listed Kibo Mining’s now completed restatement of its Mbeya coal resource has shown an “unexpected” 10% hike in the mineral resource of the Tanzania-based asset. The total mineral resource increased from the 109.2-million tonnes disclosed in the 2012 resource statement to... 

Edenville Energy chair resigns

By: Creamer Media Reporter      8th April 2016 Aim-listed Edenville Energy’s nonexecutive chairperson Sally Schofield has resigned for personal reasons. Over the next month, Schofield would hand over her responsibilities to CEO Rufus Short, who would step in until a successor was appointed. 

East Africa moves to introduce electronic monitoring of goods in transit

By: John Muchira     8th April 2016 Three East African neighbouring countries are set to introduce an electronic system to monitor goods in transit as part of efforts to boost trade and plug tax evasion loopholes. Kenya, Uganda and Rwanda have announced that, from  June, all cargo in transit from the port of Mombasa to the Ugandan... 

Mbeya coal-to-power project, Tanzania

By: Sheila Barradas     8th April 2016 Kibo has completed its definitive power feasibility study on its proposed Mbeya coal-to-power project. 

OreCorp launches scoping study in Tanzania

By: Esmarie Swanepoel     4th April 2016 ASX-listed junior OreCorp has launched a scoping study at its Nyanzaga gold project, in Tanzania, just days after declaring a maiden Joint Ore Reserves Committee-complaint resource at the project area. The Nyanzaga project was estimated to host about 21.3-million tonnes of ore, grading 4.1 g/t... 

AfDB approves $228m loan to rehabilitate strategic transit route in Kenya

By: Anine Kilian     1st April 2016 The African Development Bank (AfDB) has approved a $228-million loan to Kenya’s government to rehabilitate a 172 km road linking the towns of Isebania and Ahero, near Lake Victoria. The road formed part of the Sirari Corridor, a major trade and transit route linking Tanzania, Kenya and South Sudan. 

Kibo completes power feasibility study for proposed Mbeya project

By: Natasha Odendaal     1st April 2016 AltX- and Aim-listed Kibo Mining has completed its definitive power feasibility study (DPFS) on its proposed Mbeya coal-to-power project (MCPP). The Tanzania-focused mineral exploration and development company would publish the outcomes of the study following a review process. 

Uganda drops Kenyan oil route 

By: African News Agency      1st April 2016 Despite extensive talks on possibly routing an oil pipeline through Kenya, Total Uganda has decided to run the pipeline through Tanzania. “As a company, our position remains that we are going through Tanga. I understand there are issues being discussed but our position remains the same,” The East... 

Malawi awards $7.5m grid-monitoring contract to GE

By: Mia Breytenbach     1st April 2016 Industrial major GE started a $7.5-million contract for the installation and commissioning of the energy management system (EMS) and telecommunication system at the State-owned Electricity Supply Corporation of Malawi (Escom). The Millennium Challenge Account - Malawi (MCA-Malawi) awarded the... 

Bankable study confirms Nachu’s commercial viability – Magnis

By: Esmarie Swanepoel     31st March 2016 The bankable feasibility study (BFS) for the Nachu graphite project, in Tanzania, has delivered improved project economics, owner Magnis Resources revealed on Thursday. The BFS confirmed that Magnis could develop a mine producing an average of 220 000 t/y of graphite concentrate over 15 years at... 

Liontown raises cash for lithium exploration

By: Esmarie Swanepoel     29th March 2016 unior explorer Liontown Resources would raise A$1.3-million through a share placement to progress exploration and evaluation at its lithium projects. The company said on Tuesday that it would place about 87.1-million shares, at a price of 1.5c each, to sophisticated and professional investors. 

Australian miner moves to acquire two more graphite exploration licences in Mozambique

By: African News Agency      28th March 2016 Australian miner Mustang Resources Limited has announced that it will by mid-April acquire majority stakes to two more exploration licences to expand its resource portfolio within the Balama graphite mining project, in Mozambique. In a cautionary notice issued to shareholders on Friday, Mustang... 

On-The-Air (25/03/2016) 

By: Martin Creamer     25th March 2016 The major steps that South Africa is taking to boost its rail engineering capacity could win us billions of rands worth of export business in Africa. Australians are continuing to beat South Africans in the pursuit of new metals and minerals on our very own continent. Platinum miners... 

AfDB to put up $1.1bn for Tanzania’s transformation to inclusive, green growth

By: David Oliveira     25th March 2016 The African Development Bank (AfDB) announced last month that it will support Tanzania’s economic transformation to inclusive and green growth through an indicative concessional resource assistance package estimated at more than $1.1-billion over a five-year period. The support package is... 

Petra sells 32.33 ct pink diamond for $15m

By: Natasha Odendaal     24th March 2016 Diamond miner Petra Diamonds has sold its recently recovered 32.33 ct pink diamond for $15-million. The exceptional diamond, fetching $463 965/ct, was recovered from the Williamson mine in Tanzania and bought by Golden Yellow Diamonds on behalf of diamond manufacturer and large and unique... 

Shanta secures $9.1m financing for power plant

By: Natasha Odendaal     23rd March 2016 The construction of a 7.5 MW power station at the New Luika gold mine has received a shot in the arm as Aim-listed Shanta Gold secured $9.1-million financing from Bank M Tanzania. The new power plant, the delivery of which was expected in the first quarter of 2017, just prior to the start of... 

Black Rock advances Tanzania graphite project to PFS stage

By: Esmarie Swanepoel     22nd March 2016 Australian junior Black Rock Mining has released the scoping study results for its Mahenge graphite project, in Tanzania, which revealed that the project could support a 52 000 t/y graphite concentrate operation, with a mine life of over 25 years. Speaking at the inaugural Paydirt Australian... 

Squeeze On China An Opportunity For Australian

     22nd March 2016 An Australian company which has won Japanese backing to develop high grade graphite deposits out of east Africa to market into Europe says the sector should take heart from supply and regulatory pressures on the commodity’s historic powerhouse, China. Addressing the inaugural Paydirt 2016... 

Walkabout hopes for 2017 construction start at Tanzania's Lindi

By: Esmarie Swanepoel     22nd March 2016 ASX-listed junior Walkabout Resources was hoping to start construction at its Lindi graphite project, in Tanzania, by 2017. Speaking at the inaugural Paydirt Graphite conference on Tuesday, Walkabout MD Allan Mulligan noted that the company was considering a modular development approach at... 

Metallon FY output lower despite record Dec production

By: Natasha Odendaal     18th March 2016 Gold miner Metallon Corporation has delivered lower gold production in the year to December 31; however, it achieved record output for the month. The company, which had producing assets in Zimbabwe and exploration assets in Zimbabwe, Tanzania and the Democratic Republic of Congo, produced 96 530... 

Hatch showcases energy solutions in Africa

     18th March 2016 Global engineering and consulting firm Hatch has a range of innovative technologies in the energy sector, which it is showcasing at various mining, petrochemical and industrial projects in Africa. These range from thermal power generation (including conventional and advanced technologies) to... 

Chilalo gets environmental nod

By: Esmarie Swanepoel     18th March 2016 The National Environment Management Council of Tanzania has issued the Chilalo graphite project with an environmental certificate, a pre-requisite for the grant of a mining lease. ASX-listed IMX Resources’ MD Phil Hoskins said on Friday that the environmental approval was a fundamental milestone... 

IMX advances Tanzania graphite spin-out, listing planned for May

By: Esmarie Swanepoel     16th March 2016 ASX-listed IMX Resources on Wednesday unveiled plans to spin-out its Chilalo graphite project, in Tanzania, through a transaction with its subsidiary Graphex Mining. IMX told shareholders that the company had entered a sale and purchase agreement with Graphex Mining for all of its graphite... 

Peak cuts Ngualla prices

By: Esmarie Swanepoel     16th March 2016 A detailed project update into the Ngualla rare earths project, in Tanzania, has delivered a capital cost reduction of 10% and operating cost reductions of some 18%, owner Peak Resources reported. A 2014 prefeasibility study (PFS) estimated that the project would require a capital investment of... 

Projected infrastructure spend tied to mining in Africa in 2016

     16th March 2016 African infrastructure spend will reach US$180 billion per annum by 2025 according to a study by PwC. This sizeable sum represents a commitment from national governments throughout the region, to address regional development. The mining sector in Africa has historically played an important role... 

Best Western Hotels & Resorts Expands Global Footprint with 13 New Hotels in South Africa

     15th March 2016 As part of its dynamic development program in Southern Africa, Best Western® Hotels & Resorts is growing its portfolio from one to 14 total properties in the region over the next 12 months. The multi-phase signing agreement with Orion Hotels is integral to the brand’s expansion plans in Africa... 

New platform targets small African renewables projects 

By: Natasha Odendaal     14th March 2016 A new platform to support small-scale and distributed renewable-energy projects within sub-Saharan Africa has been launched, with initial targets of getting 150 MW of new generation off the ground over the next five years. The Renewable Energy Performance Platform (REPP), developed by the... 

At this rate, we will need a Protection of Divestment Act

By: Riaan de Lange     11th March 2016 Is it ironic that, only a few days ago, notification of the publication of the Protection of Investment Act, 2015, appeared on the Department of Trade and Industry (DTI) website and, as I am typing, a mere hours ago, the Financial Times of London announced that Britain’s largest retail bank would... 

Maritime transport policy to be submitted to Parliament in March

By: Shirley le Guern     11th March 2016 The Department of Transport has accelerated the process of finalising the Maritime Transport Policy, which is expected to take effect by mid-year, according to Deputy Transport Minister Sindiwe Chikunga, who told Engineering News on the sidelines of the inaugural eThekwini Maritime Cluster Summit... 

Acacia starts corporate tax payments in Tanzania

By: Creamer Media Reporter      8th March 2016 Gold miner Acacia Mining has started paying corporate tax under a memorandum of understanding (MoU) with the Tanzania Revenue Authority (TRA). “We proactively initiated discussions with the TRA in 2015 as we believe that our business is of a scale and maturity that it should be paying a fair... 

Fastjet adds new S Africa/Zimbabwe route despite financial squeeze 

By: Keith Campbell     8th March 2016 Embattled pan-African low cost carrier fastjet (as it styles itself) has announced on Tuesday it will start flying between Johannesburg, South Africa and Victoria Falls, Zimbabwe, on March 25. The twice-weekly route will be served with an Airbus A319 single-aisle airliner with a capacity of up to... 

Rebooted Datsun brand sells 5 645 units to claim number one position in entry-level A-segment

By: Irma Venter     4th March 2016 Datsun sold 5 645 new vehicles in South Africa last year, which made it the number one seller in the entry-level A-segment, says Datsun South Africa (SA) GM Des Fenner. This number equates to around 470 units a month. Fenner is hopeful sales will reach 500-plus units a month by March, which... 

Rukwa coal-to-power project, Tanzania

By: Sheila Barradas     4th March 2016 Tanzania Energy and Minerals Minister Sospeter Muhongo has awarded a mining licence for Edenville’s Rukwa coal-to-power project. 

Africa is still a growth story with a billion-strong young market, 2016 RICS Africa Summit hears

     3rd March 2016 Despite Africa’s slowing growth on the back of global financial conditions, there are still economic opportunities for long-term sustainable investment in property and the broader built environment for investors with a savvy understanding of local economies on a continent with a billion-strong... 

Edenville raising £400 000 to progress Rukwa

By: Megan van Wyngaardt     2nd March 2016 Aim-listed Edenville Energy would see a capital increase of £400 000 after it raised the subscription of 1.3-billion new ordinary shares by 0.02p to 0.03p apiece in an attempt to raise company capital. The shares, which were raised after the coal-to-power project developer was granted a mining... 

Political uncertainty, conflict key inhibitor to FDI inflow

By: Natasha Odendaal     2nd March 2016 Armed conflict, political uncertainty and security threats were the largest deterrents to foreign direct investment (FDI) inflows in Africa, regardless of the quality of a country’s geological base, new analysis by advisory firm KPMG has shown. In the five-year period to 2014, total FDI inflows... 

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