Tanzania Mining News

Acacia blames Barrick for barring it from Tanzania talks, mulls takeover bid

Comments come after parent company Barrick Gold proposed to acquire all of the shares it does not already own in the Tanzanian miner.

Tanzania to start cancelling inactive mining licences

Tanzania will start cancelling inactive mining exploration licences and distribute the acreage to artisanal miners who are able to immediately commence activity in the area.

Tanzania fines Acacia Mining $2.4m over alleged pollution

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.

Petra Diamonds fetches $15m for 425-carat legacy diamond

The exceptional D colour Type IIa gem was recovered in March from the company’s iconic Cullinan mine, the same that yielded the biggest diamond ever in 1905.

Acacia Mining hits back at parent Barrick in Tanzania row

Acacia Mining on Thursday hit back at parent company Barrick Gold Corp's allegation the miner was an obstacle to solving a long-running tax row in Tanzania.

Acacia seeks clarification on North Mara dispute, production jumps

Acacia Mining saw a surge in gold production in April thanks chiefly to a 54% rise in output from its disputed North Mara gold mine in Tanzania.

Acacia Mining core profit slumps as Tanzanian troubles bite

Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.

Petra Diamonds on a roll after another major find at Cullinan

The find is the third Type II D-colour gem-quality diamond weighing more than 100 carats recovered since March and the fourth such rock discovered in the current financial year.

Walkabout Resources' stock rises as it tees-up Asian off-takers for its graphite

The company has entered its second binding offtake agreement in two weeks, contracting to sell 10,000 tonnes of large and jumbo flake graphite concentrate to a private company in China.

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.

Petra Diamonds shares jump on 425-carat discovery at Cullinan

The discovery comes less than a month after Petra found a 100.83 carat gem-quality diamond at the same mine.

30 countries face higher resource nationalism risk — report

On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.

Tanzania sets up mineral trading centres to curb illegal gold exports

Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June.

Bristow taking Barrick helm aids talks, Tanzania AG Says

A multibillion-dollar tax dispute between Barrick Gold Corp. and Tanzania's government could be resolved by May.

Petra Diamonds shares jump after another discovery at Cullinan

It follows the recent recovery of a 6.12 carat Type II blue stone at the same mine.

Tanzania threatens Acacia with closing North Mara over water pollution

The country's No.1 gold producer says the "brief" spill affecting the operation has already been halted and blamed vandals for destroying or stealing sections of the pipe it uses to move waste water.

Barrick's cost of doing business could shoot up with Acacia deal

Will officials in Tanzania and other countries push to nationalize their resources as the trend continues to gain traction around the world.

Barrick and Tanzania reach proposal to settle country’s row with Acacia

The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.

Tanzania row overshadows Acacia's upbeat output, cost figures

Shares in the gold miner are up more than 50% since September when Barrick said it was buying Randgold Resources and when Mark Bristow was named as chief executive, taking over as head of the merged entity from January.

Africa Mining Indaba: Dam safety, Zambia taxes, Ford on cobalt

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Barrick CEO on Zambia tax dispute: Threats don't solve problems

“We don’t believe that threatening one’s partner is a constructive way to go about solving problems.”

Tanzania to cancel licenses for undeveloped mineral sites

The announcement comes amid a tax dispute between the state and Acacia Mining Plc.

Tanzania President wants reserves to include nation's gold

Tanzania has banned shipments of mineral concentrates and slapped Acacia Mining Plc with a $190 billion tax bill.

Acacia Mining fined over alleged environmental breach in Tanzania

Barrick’s Acacia Mining has been hit with a 300-million Tanzanian shillings fine (about $129,144) over allegations of environmental breaches at its North Mara mine.

Tanzania's Magufuli wants central bank to buy gold as part of its reserves

Tanzanian President Magufuli said the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency.