Record production for Tanzanite One

[img:Tanzanite%20night_0.jpg|Tanzanite One’s
Merelani mine
at night
]London, England --- MININGREVIEW.COM --- 03 October 2008 - Tanzanite One Limited – the AIM-listed producer of one of the world’s rarest gems – has announced record production of 1.8 million carats of tanzanite for the nine month period to September 2008.

Making this announcement here, the company pointed out that this production figure represented an increase of 57% above the 1.16 million carats it had produced during the corresponding period in 2007.

African Eagle stronger than ever despite loss

[img:Eagle%20-%20Pic%201_0.jpg|Drilling at the
Dutwa project
in Tanzania
]London, England --- MININGREVIEW.COM --- 26 September 2008 - African Eagle Resources plc – a UK-based mineral resources company exploring for and developing mineral deposits in eastern and central Africa – claims it has never been in a stronger position than it is now.

Announcing the company’s results for the six months to 30 June 2008, chairman John Park said that despite its recent share price history, African Eagle’s fundamentals had improved considerably in the past year. The two key reasons were the company’s stronger than ever assets position, and the fact that market fundamentals were more likely than not to keep metals prices above the long-term average.

Tanzanite One fights takeover bid

[img:Tanzanite%20%28New%29%20-%20Pic%201_0.jpg|Processing plant at
Tanzanite One’s
Merelani Mine
]London, England --- MININGREVIEW.COM --- 26 September 2008 - Gemstone producer Tanzanite One Limited has outlined expansion plans and vowed to fight a takeover bid by its bigger rival, Gemfields Resources plc.
 
Gemfields – which has the rights to the Faberge luxury goods brand – announced a US$61.31 million (R490 million) takeover proposal earlier this month in a move aimed at expanding its range of products from emeralds.

Gemfields bids for Tanzanite One

[img:Tanzanite (New) - Pic 1_0.jpg|Processing plant at
Tanzanite One’s
Merelani Mine in
Tanzania
]London, England --- MININGREVIEW.COM --- 12 September 2008 - Gemfields Resources plc – a leading international coloured gemstone producer with production and exploration assets in Zambia and Madagascar – has offered to buy Tanzanite One Limited in a deal valuing the company – which operates in Tanzania – at about US$58 million (R435 million).

Petra acquires Williamson diamond mine

[img:Petra%20field_0.jpg|A view out over the
Williamson Diamonds
open pit
]London, England --- MININGREVIEW.COM --- 09 September 2008 - Leading international diamond mining group Petra Diamonds Limited has entered into an agreement to acquire a 75% interest in Tanzania’s renowned Williamson diamond mine for a cash consideration of US$10 million (R75 million).
 

Gemfields acquires Oriental Mining

[img:Gemfields%20-%20Pic%201_0.jpg|Exploration continues
here to assess the
potential of the
Kamakanga emerald
mine to support
large scale mining
]London, England --- MININGREVIEW.COM --- 09 September 2008 - Gemfields Resources plc – a leading international coloured gemstone producer with production and exploration assets in Zambia and Madagascar – has exercised its option to acquire the entire issued share capital of Oriental Mining s.a.r.l. – a company incorporated in Madagascar.

Daewoo may invest US$300 million in Madagascar

[img:Daiwoo%20-%20Pic%201_0.jpg|Better known for
producing cars like
this, Daewoo plans to
invest in a coal
project in Madagascar
]Seoul, South Korea --- MININGREVIEW.COM --- 04 September 2008 - South Korean trading company Daewoo International Corporation may invest about US$300 million (R2.25 billion) in a coal- fired power project in Madagascar – the company's second electricity-generating venture in the country.

BARRICK COMMITS ITSELF:TANZANIA’S NEIGHBOURS NEXT

This is the clear message from Barrick Africa regional vice-president Gareth Taylor in an interview with Mining Review Africa. “Barrick is certainly here for the long run, and once our operations in Tanzania are fully optimised we will look to neighbouring countries to maintain or increase output from the African region.

“The increased gold price is leading to greater reserves, and therefore extensions to the life of most of our projects, but this is countered by the increased cost of doing business, based largely on increased fuel, steel and reagent prices, as well as the cost of labour,” Taylor says.

Randgold withdraws from Miyabi project

[img:Miyabi%20-%20Pic%201_0.jpg|An African Eagle
drilling team at
work at the Miyabi gold
project in Tanzania
]London, England --- MININGREVIEW.COM --- 04 August 2008 - African Eagle Resources plc – a UK-based and AIM-listed mineral resources company exploring for and developing copper and gold deposits in eastern and central Africa – says its partner Randgold Resources has withdrawn from their joint venture in the Miyabi gold project in Tanzania.

Tanzanian MP’s force mining debate

[img:Tanzania%20-%20Pic%201_0.jpg|The new Tanzanian
parliamentary chamber,
where the country’s mining
industry will be debated
]Dar es Salaam, Tanzania --- MININGREVIEW.COM --- 14 July 2008 - The Tanzanian government has yielded to pressure by MPs to have a presidential commission report on mining debated so they can have a say on the final recommendations and implementation of the proposed sweeping changes in the mining sector. The Judge Bomani mining sector review report, which recommends an overhaul of the country’s mining laws, will now be discussed in parliament.

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