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Drilling in Tanzania’s Lupa Gold Field

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.

Regulatory headwinds mounting for Tanzania’s mining sector

However, the company cautions that the proposal is another sign of growing governmental regulations that may limit future investment and growth in the mining...

Tanzanian mining sector contracts

[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 ‒ which was underpinned by mining, agriculture and tourism ‒ had been affected by the global economic downturn.

Indiana Resources highlights Tanzania’s disdain for miners

The lack of response reflects the disdain that has been shown toward international mining investors since 2017 when Mining Code was revised.

Mining tax and royalty increase in Tanzania

[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.

Barrick and Tanzanian Government reach settlement proposal

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.

EU is aiming to enhance Tanzania’s uranium mining industry

The European Commission has opened participation to individual and consortium bidders for nationals of, and legal persons which are effectively established in, a Member State of the European...

Chinese to invest in Tanzanian iron ore and coal

[img:Tanzania - dh_0.jpg|Iron ore stockpile
‒ 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).

AngloGold Ashanti’s Geita extension leads to contract mining JV

The 80/20 Joint Venture is a partnership between Africa Underground Mining Services Tanzania and Geofields Tanzania.

East Africa Metals’ Tanzanian gold stream to produce gold in Q1, 2021

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.

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