TSX listed Helio Resource Corporation has commenced its 2010 drill programme on its SMP project in the Lupa gold field located in south-western Tanzania. This programme is being done using one diamond drill and one reverse circulation (RC) drill. The 2010 programme is being funded by a private placement with the IFC, a member of the World Bank Group.
Helio’s SMP project area covers 238 km2, and within this project area are located six old gold mines. This includes the New Saza mine which was once Tanzania’s second largest gold mine, producing 270,000 ounces of gold at an average grade of 7.5 g/t of gold between 1939 and 1956.
[img:Tanzania%20-%20Pic%201_3.jpg|The Geita gold mine in Tanzania]Dar es Salaam, Tanzania --- MININGREVIEW.COM --- 20 January 2010 - A steep contraction in the Tanzanian mining sector in the first three months of 2009 cut the country’s overall real economic expansion rate for last year to 5.6% from 7.1% in 2008.
Revealing this in a statement released here, the National Bureau of Statistics said that, like other countries in the world, Tanzania's economy â€’ which was underpinned by mining, agriculture and tourism â€’ had been affected by the global economic downturn.
[img:Tulawaka_0.jpg|The pit at Barrick’s Tulawaka gold mine – one of the major mining operations in Tanzania]Dar es Salaam, Tanzania --- MININGREVIEW.COM --- 03 June 2008 - Tanzania should increase royalties and grant fewer tax exemptions for new investors, in the opinion of the panel reviewing the east African country's mining industry.
The 12-member panel has completed an assessment it started in November to determine how Tanzania can increase income from the mining of gold, diamonds, tanzanite and other minerals.
NYSE/TSX-listed Barrick Gold and the Government of Tanzania have arrived at a proposal that sets forth the commercial terms to resolve outstanding disputes concerning Acacia Mining operations in Tanzania.
[img:Tanzania - dh_0.jpg|Iron ore stockpile â€’ the Chinese are planning to produce iron ore in Tanzania]Dar es Salaam, Tanzania --- MININGREVIEW.COM --- 19 January 2011 - China's Sichuan Hongda Company Limited is to invest a total of US$3 billion in an iron ore mine, a coal mine and a coal-fired power plant in Tanzania, according to the Tanzanian state-run National Development Corporation (NDC).
TSXV-listed African minerals explorer East Africa Metals and its Tanzania partner PMM Mining Company has announced the commissioning of a gold tailings reprocessing operation at the Magambazi mine in Tanzania.