Tanzania

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.

NMDC Gets gold mining lease in Tanzania

NMDC, the country's largest iron ore mining company, has secured a gold mining lease in the Bulyang'Ombe and Saga Hills area of Tanzania.

SGS Metallurgy chosen for hydromet testing of Dutwa nickel ores

African Eagle is moving ahead with metallurgical testwork on its big Dutwa nickel resource in Tanzania and has contracted SGS Metallurgy of Perth to undertake this.

Growing foreign interest in Tanzanian uranium

More international firms are eying uranium mining in Tanzania despite worries and concern from the Tanzanian general public, international environmental NGOs and western capitals over mining repercussions that could come with this activity.

Helio Reports Drill Results from the Tumbili Target, SMP Gold Project, Tanzania

Helio Resource Corp. (TSX-V: HRC) is pleased to report the first results from the 2011 RC drill programme at the Tumbili Target, SMP Gold Project in Tanzania.

Canadian firm to mine nickel in Tanzania

Canadian mineral explorer Continental Nickel Ltd (CNI) is set to start mining the mineral in southern Tanzania following positive exploration results.

Mining companies in Tanzania yet to pay raised royalty fees

Tanzanians are yet to start benefiting from the new mining law which raised royalty paid on precious minerals including gold from three to four per cent because mining companies haven’t migrated to the new tax regime.

Africa Resources to invest USD 3.5 million in Tanzania

East Africa Resources Limited has executed an Agreement with Korea Resources Corporation for KORES to invest in EAF's Mkuju South uranium project in Tanzania.

Tanzania says uranium project in wildlife sanctuary on track

Mining Review reports the government of Tanzania has allayed fears over likely land disputes between uranium investors and local residents in the Ruvuma region of southern Tanzania, and is confident that the envisaged uranium project in the area will be operational late next year.

The controversial uranium mine is located inside the Selous Game Reserve, Africa’s second-largest wildlife sanctuary and a Unesco heritage site. Australia’s Mantra Resources project in the southern part of the 54,600-square kilometre park is estimated to have 53.9 million pounds of uranium oxide deposits which is worth some $2.7bn at current market prices. Officials claim that mining would only involve about 1% of the park’s overall area and that income accrued from mining would help fund upkeep of the park, but environmentalists have slammed the plan.

Lake Victoria’s new drill rig to undertake soil sampling programs on projects in Lake Victoria Gold Belt of Tanzania

Lake Victoria Mining has purchased a mobile auger drill rig to provide soil sampling services over "mbuga" covered areas of its gold projects in the Lake Victoria Greenstone Gold Belt of Tanzania.

Capital Drilling wins new exploration drilling contracts in Egypt and Tanzania

Capital Drilling Ltd, the emerging and developing markets drilling company, has further contract wins and extensions, for Centamin Egypt, African Barrick and Thani Dubai Mining. These new contracts have increased the Company's rig fleet from 77 rigs at the half-year end to 83 rigs currently.

Dust-up over small gold, diamond explorer involves some big names

A dispute between investment banker Euro Pacific Canada Inc. and Midlands Minerals Corp. (CVE:MEX) is drawing in two of the biggest names in the gold investing industry.

The Globe and Mail is reporting that Euro Pacific Canada is seeking damages of $10 million from Midlands over a breach of contract — an amount that is actually larger than the tiny explorer's market cap of $7.21 million based on today's counter.

African Barrick Gold posts record Q3 profit

African Barrick Gold plc (ABG) (LON:ABG) cruised to a record profit in the third quarter on the back of higher production and high gold prices, the company announced today.

ABG more than doubled its net profit for the quarter, posting a net profit of $102 million and earnings per share of 24.9 cents — a 156% increase from the same period last year. Quarterly revenues were up 61% to $354 million.

MDN Identifies Four Lenses Justifying Definition Drilling and Intercepts the Ikungu Structure Below 475 m

Extract not available.

Tanzania not rushing new mining taxes – Finance Minister

"It's not a question of saying we'll be doing that from tomorrow. It's an issue being discussed with the companies," Finance Minister Mustafa Mkulo told Reuters on the sidelines of IMF/World Bank meetings in Washington.

Helio discovers 1K strike length gold in Tanzania

Helia Resource Corp (TSX-V:HRC) has unearthed a one-kilometre strike zone at its SMP gold project in Tanzania.

While artisinal mining has focused on narrow vein surface outcroppings, some containing assays up to 150 g/t gold, the new Chura zone appears to contain one kilometre of mineralization with a 2K-long magnetic anomaly, Helio stated in a news release.

African Eagle up after JV partner reveals substantial find at Miyabi gold project

Shares in African Eagle (LON:AFE) rose after its joint venture partner BrightStar Resources discovered a substantial additional gold mineralised system at the Miyabi project in Tanzania.