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MINING FINANCE

Peak secures funding for Tanzania rare earths bankable study

ASX-listed Peak Resources has secured funding to advance its Ngualla rare earth project, in Tanzania, through the bankable feasibility study stage to a development decision. Peak reported on Monday that Jersey-based private equity investor Appian...
29th September 2014
 
GOLD

Kibo prioritising fast-track development at Imweru

Given the potential of mineral asset explorer and developer Kibo Mining’s flagship 550 000 oz Imweru project, in Tanzania, to generate early cash flows, Kibo said on Friday that it had decided to prioritise the implementation of fast-track...
26th September 2014
 
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Underground-coal-gasification-to-power project, Tanzania Restricted

The proposed project involves the development of a 400 MW underground-coal-gasification-to-power operation.
26th September 2014
 
DIAMONDS

It’s hit-and-miss for Pangolin Diamonds at Magi, Botswana

Toronto-based explorer Pangolin Diamonds on Thursday revealed that it had recovered four more diamonds from the Magi kimberlitic sandy tuff at its Tsabong North project, in south-west Botswana. The TSX-V-listed company, which was currently...
25th September 2014
 
ENERGY

Tanzania says to start work in 2015 on $3bn mining, power projects

Tanzania will start construction next year of a long-planned $3 billion coal and iron-ore mine and a 600 MW coal-fired power plant, a spokesperson for the State development agency said on Thursday. The projects, on a site some 900 km (540 miles)...
25th September 2014
 
POTASH

Sirius signs Tanzania fertiliser MoU

Potash development company Sirius Minerals and Tanzania State-owned business Tanzania Fertilizer Company (TFC) have signed a memorandum of understanding (MoU) to establish and formalise a joint venture (JV) to blend and distribute polyhalite-based...
25th September 2014
 
TANZANITE

Richland post subdued H1 financials, continues to battle illegal mining

Aim-listed Richland Resources has attributed across-the-board slumps in its financial showing for the half-year ended June 30, to the issuance of a joint mining licence to its wholly-owned subsidiary TanzaniteOne Mining (TML) and the State Mining...
23rd September 2014
 
What's On

International

What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail...
19th September 2014
 
DIAMONDS

Upbeat Petra Diamonds moots dividend fast-forwarding

Petra CEO Johan Dippenaar London-listed Petra Diamonds on Thursday outlined major upcoming elevations in the economics of its mining operations, which upped production in the 12 months to June 30 to enable the buoyant diamond mining company to post a 47% increase in...
18th September 2014
 
COAL

Rukwa DMFS progresses

A conceptual mine plan for dual-listed mineral exploration and development company Kibo Mining’s Rukwa coal to power project, in Tanzania, has confirmed that the mine could produce 120 000 t a month of run-of-mine coal. Kibo has been undertaking...
18th September 2014
 
GOLD

Tanzania plans to lift gold output at State-owned mine

Tanzania plans to lift gold production at its Stamigold Biharamulo gold mine, formerly owned by African Barrick Gold, to 40 000 oz next year, almost four times its expected output for 2014. Stamigold became the first state-owned gold mine in...
18th September 2014
 
Electra Mining

Zest WEG Group Video Available

The Zest WEG Group, a subsidiary of leading Brazilian motor and controls manufacturer WEG, started out as a South African company and maintains a strong commitment to contributing to the development of the African region. As a leading supplier of...
18th September 2014
 
 
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Underground coal gasification has key... Audio
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Anooraq focusing on doubling output... Audio
Tanzania's Jengo wants mine listings... Audio
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