Tanzania
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Tanzania has enough diamond supply for the next 50 years: report
Tanzania’s main diamond mine, Williamson, has a potential mine life of over 50 years, although the current mine plan only accounts for 18 years.
Gemstone miner Richland Resources' results affected by illegal mining
Unregulated miners in Tanzania are hurting operations and the extraction of high quality tanzanite gems.
Tanzania's first uranium mining license issued to Russian company
The measured and indicated resources of Mkuju River Project amounted to 35,888 tonnes of uranium.
Two dead after 4,000 riot at gold mine in Tanzania
Local villagers allegedly invaded the site to steal gold sand.
African Barrick Gold falls after posting poor results
Tanzania's largest gold miner posted a fourth quarter loss driven by heavy write-downs and a warning of a further fall in output.
African Barrick's 2012 output drops 9%
The Tanzania-focused gold minhas suffered from three consecutive years of declining gold production
African Barrick Gold tumbles on failed deal with Chinese
Stock loses a fifth of its value on Tuesday.
Uranium One's Mantra Tanzania aims to launch Mkuju River mine next year
Uranium One Inc. subsidiary Mantra Tanzania said today that it aims to start construction work on its Mkuju River uranium mine in southern Tanzania in 2013. The company hopes to become one of the top ten uranium producers worldwide.
African Barrick Gold sinks on disappointing Q3 results
Shares in London-listed African Barrick Gold (LON:ABG) were falling by over 4% on Friday after rising costs and dipping production impacted the miner’s Q3 profit.
Petra Diamonds selling non-core South African mines
London-listed Petra Diamonds shares were on the rise again Monday after the company revealed Friday it had started selling three of its non-core mines.
Petra Diamonds reduces 2012 production guidance
London-listed Petra Diamonds has reduced its production targets at its mines in Africa for this fiscal year by 0.25 million carats to 2.85 million carats.
Investors cheer Barrick's plans to sell African Barrick to China
Barrick Gold was trading up 3.8% in heavy volumes in Toronto and African Barrick Gold shot up 8% after Barrick confirmed that it is in early talks with China National Gold Group regarding its 74% holding in ABG.
Nobel laureate to Africa's new resource rich: You'll probably end up poor
Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique.
Tanzania demands 30% tax from gold miners on grounds of rising prices
The gold-rich African nation of Tanzania has introduced a 30% corporate tax for mining companies in operation for more than five years, stating that the move is justified by rising precious metal prices on the international market.
Investors dig 16% hole in African Barrick after Tanzania costs jump 43%
The Tanzanian-focused miner blamed the cost of generating its own electricity – which it has to do "more and more" – for the increase in costs.
Tembo Gold warrants to begin trading June 7, 2012
Effective tomorrow, 6,000,000 shares of the company will begin trading on the TSX Venture Exchange
African Barrick Gold to pay more royalties to Tanzania
African Barrick Gold (LON:ABG) has decided to pay the Tanzanian government an extra 1% in royalties, in light of the current gold price environment.
ABG to up gold production
African Barrick Gold plc (ABG), one of the largest gold producers in Africa said it expects to increase gold production by about 300,000 ounces a year in the next two years.
African Barrick goes ahead with Tanzania's Bulyanhulu expansion
African Barrick Gold (LON:ABG) shares rose 6% today as the miner announced its board has approved a $185 million expansion at Bulyanhulu, its underground gold mine in Tanzania.
Petra Diamonds restarts output at Tanzania mine
London-based Petra Diamonds has restarted production at its Williamson mine in Tanzania after two years spent rehabilitating the surface area.
Tanzanian Royalty approves $4.1 million budget for deep drilling program to test high grade gold potential at advanced stage buckreef project in Tanzania
“Based on what we’ve seen from recent drilling, expectations are high that this major expansion in drilling activity at Buckreef will not only significantly boost our resource base but the overall grade tenor in the Buckreef deposit as well.”
Tanzanian Royalty reports more high grade assay results from its Buckreef Gold Project in Tanzania
The latest assay results from the ongoing drill program at Tanzanian Royalty’s Buckreef Gold Project in northern Tanzania lend additional support to the emergence of a high grade gold discovery at depth across above-average widths.
Ellis Martin Report with David Duval of Tanzanian Royalty Exploration Corp
Ellis Martin interviews David Duval, special advisor to Jim Sinclair, President of Tanzanian Royalty Exploration Corproation (NYSE:TRX).
Shanta Gold seeking $35m for added capex
Tanzania-focused Shanta Gold is planning to raise $35 million to be put towards its New Luika Gold Mine.
African Barrick Gold hikes Tanzanian Nyanzaga resource
London-listed African Barrick Gold (LON:ABG) reported increasing confidence in its Nyanzaga project, in Tanzania and said that the project has the potential to become its next mine in the country.
Tanzanian Royalty Awards Contract for Preliminary Economic Assessment of Surface Rubble Deposit at Kigosi Gold Project
Tanzanian Royalty Exploration Corporation is pleased to announce that it has entered into a contractual agreement withConsulmet Metals (Pty) Limited of South Africa to complete a Preliminary Economic Assessment (PEA) for a gravity recovery plant on its Kigosi Gold Project in the Lake Victoria Goldfields of Tanzania.
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