Articles related to Tanzania
Chris Powell - GATA
Did these mining giants just confirm the next gold frontier -- Ecuador
There was a breakthrough deal in the Tanzania gold sector late last week, with major miner Barrick agreeing to pay the government $300 million and surrender a 16-percent stake in operations in order to end an impasse that's halted production. But experiences like that aren't going to encourage further investment in places like Tanzania, with news this week suggesting that the world's top gold miners are looking to a new spot for growth projects: Ecuador. That nation's mining minister, Javier Cor
Tuesday, October 24, 2017
Chris Powell - GATA
Barrick gives Tanzania stake in mines, $300 million to end dispute
DAR ES SALAAM, Tanzania -- Barrick Gold will give Tanzania a 16 percent stake in three gold mines, a 50 percent share of revenue from those mines, and a one-off payment of $300 million to resolve a dispute that has hit its operations in the country, the two sides said. The Canadian miner and the Tanzanian government have been in talks for months after the east African country banned the export of unprocessed minerals and enacted laws to raise state ownership of the nation's mines. The agreement
Friday, October 20, 2017
Chris Powell - GATA
Tanzania's demands of mining industry don't bother Sinclair
Tanzania's demand for a greater share of revenue from mining operations in the country is causing alarm throughout the industry but it doesn't bother Tanzanian Royalty Exploration Corp. and its executive chairman, James E. Sinclair. In a statement last week Sinclair said: "The proposed changes appear to be an action to gain a fair share of the financial rewards for the people and nation of Tanzania while still providing incentives to the investors. The proposed legislation is not nationalizatio
Wednesday, July 12, 2017
Chris Powell - GATA
The government just killed the mining sector in this critical gold nation
The Philippines government said this week it is trying to repair its damaged mining sector, with officials stating they will review all policies implemented by former environment secretary Regina Lopez, who took a hard-line stance against operations around the country. But as that mining nation swings to the better, another key metals country has gone the other way. With the government implementing a raft of policies that may well decimate the entire sector here: Tanzania. Tanzania's government
Friday, July 7, 2017
Chris Powell - GATA
Tanzania's firebrand leader takes on its largest gold miner
"If they accept that they stole from us and seek forgiveness in front of God and the angels and all Tanzanians and enter into negotiations, we are ready to do business." As conciliatory gestures go, that one by John Magufuli, Tanzania's president, to Acacia Mining, the country's largest foreign investor, could hardly have been more fork-tongued. Nonetheless, two days later John Thornton, head of Barrick Gold, Acacia's largest shareholder, met Mr. Magufuli to start talks on ending a dispute that
Friday, June 16, 2017
Chris Powell - GATA
Barrick Gold to hold talks with Tanzania over export row
By Fumbuka Ng'wanakilala and David Lewis Reuters Wednesday, June 14, 2017 Barrick Gold's chairman and Tanzania's president met today and agreed to hold talks aimed at resolving an escalating dispute over an export ban that has hit Barrick's Acacia Mining. Shares in Acacia, 63.9 percent owned by Barrick, jumped as much as 11 percent, to 303 pence, after the news and closed 5.5 percent higher, outpacing sector rivals. Tanzania is Africa's fourth-largest gold producer, and Acacia its largest miner,
Thursday, June 15, 2017
24hGold - Publicnow
Quarterly Activities Report
September 2016 Quarterly Activities Report Binding sales agreement and expansion studies mark successful quarter for Kibaran Outstanding potential to expand Epanko Graphite Project and undertake downstream processing Quarterly Highlights: Binding sales agreement signed with Japanese Trader Sojitz 100% of Epanko's production now covered by binding agreements
Tuesday, November 1, 2016
24hGold - Publicnow
Annual Report to shareholders 31 December 2015
LTD (Subject to Deed of Company Arrangement) ACN: 126 042 215 ANNUAL SHAREHOLDERS REPORT For the year ended 31 December 2015 CONTENTS Page Corporate Directory 3 Review of Operations 4 Corporate Governance Statement 23 Directors' Report 36 Consolidated Statement of Profit or Loss and Other Comprehensive Income 65 Consolidated Statement of Financial Position 66 Consolidated Statement of Changes in Equity 67 Consolidated Statement of Cash Flows 68 Notes to the Consolid
Monday, September 5, 2016
24hGold - Publicnow
Major Tanzanian Exploration and Feasibility Campaign
ASX ANNOUNCEMENT 5 September 2016 Major Tanzanian Exploration and Feasibility Campaign Tanzanian-focused mineral sands developer, Strandline Resources (Strandline or the Company) is pleased to provide an update on its current exploration program. Following a recent equity raising, the Company is now aggressively ramping up its exploration and development program. Highlights Fungoni Project Resource Extension and Feasibility Study - The drilling campaign to infill and extend existin
Monday, September 5, 2016
24hGold - Publicnow
Helio Announces Shares for Debt Settlement
Helio Resource Corp. (TSX-V: HRC), ('Helio') announces that, subject to TSX-Venture Exchange ('Exchange') approval, it will issue 2,054,000 shares to settle an aggregate amount of $102,700 in salaries and fees owed to certain members of management and Directors. In addition, Helio has reached agreement with Plinian Capital, subject to Exchange and disinterested shareholder approval, to issue 9,600,000 shares in lieu of $480,000 accrued as operator fees. Disinterested shareholder approval will be
Friday, August 19, 2016
24hGold - Publicnow
$0.94 million Placement and SPP to follow
15/08/2016 Share placement to raise $0.9 million Share Purchase Plan to raise up to $0.5 million HIGHLIGHTS $0.9 million raised in placement at market price of 12.0 cents Share Purchase Plan to raise up to $0.5 million to follow Proceeds to fund drilling programs at the Naujombo and Kishugu gold prospects Indiana Resources Limited (ASX: IDA) ('IDA' or the 'Company') is pleased to advise that it has successfully completed the book-build for a placement to professional and sophis
Monday, August 15, 2016
The Gold Report
China's Stranglehold on REEs Offers Opportunities
Richard Karn, managing editor of The Emerging Trends Report, makes the argument for investment in rare earth and specialty metals, and explains why one company is a particularly smart bet for investors. A fundamental roadblock to globalization that we are far from overcoming is simply that different cultures and economic systems have different ways of conducting themselves and doing business. Human nature is such that we tend to believe everyone thinks
Sunday, August 14, 2016
24hGold - Publicnow
GOLD MCPP and Imweru Gold Project Interim Update
03 August 2016 Kibo Mining plc ('Kibo' or the 'Company') (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company provides an interim update on progress at the Company's Mbeya Coal to Power Project ('MCPP') and the Imweru gold project. MCPP Work on the MCPP is continuing at pace with all attention and resources focused on completing the Integrated Bankable Feasibility Study ('IBFS') as soon as possible, so that financial close activities can commence. Policy
Wednesday, August 3, 2016
24hGold - Publicnow
29.07.2016 – Quarterly Activities Report and App 5B June 2016
ASX/MEDIA RELEASE‌‌‌‌‌‌‌‌ 29 July 2016 Quarterly Activities Report - End June 2016 Highlights: Tanzania - Kiliwani North and Nyuni Block Gas plant commissioning and charging the gas pipeline was completed just post the end of this Quarter‌‌ Full scale production at a rate of 25- 30 MMcfd (2.4 - 2.8 MMcfd net to Bounty) is expected to be achieved for most of September Quarter. Bounty's share of net cash revenue is anticipated to be between A$2.42 and A$3.49 million pa once ful
Friday, July 29, 2016
24hGold - Publicnow
OIL Dispute Notices Issued to Swala Oil Gas (Tanzania) Plc
ASX ANNOUNCEMENT 29 July 2016 TANZANIA UPDATE DISPUTE NOTICES ISSUED TO SWALA OIL & GAS (TANZANIA) PLC Otto Energy Ltd (ASX: OEL) ("Otto" or the "Company") advises that its wholly-owned subsidiary, Otto Energy (Tanzania) Pty Ltd ("Otto Tanzania"), has issued various notices to Swala Oil and Gas (Tanzania) plc ("SOGTP"), pursuant to the Pangani and Kilosa-Kilombero Joint Operating Agreements (the "JOAs"). These notices relate to: defaults in relation to non-payment by SOGTP of cash ca
Friday, July 29, 2016
24hGold - Publicnow
GOLD Assay results increase size of Naujombo gold anomaly
28/07/2016 Assay results significantly increase size of the Naujombo gold anomaly, RAB drilling to commence at Kishugu and Naujombo in August HIGHLIGHTS Surface soil results confirm Naujombo gold anomaly is 9.5km long and greater than 600m wide (at 10ppb) RAB drilling to commence in August - first drill testing at Naujombo and Kishugu Assay results of Naujombo soil sampling show surface soil values up to 811ppb Au (0.8g/t), supported by coherent multi-element anomalies (arsenic,
Thursday, July 28, 2016
Chris Powell - GATA
Barrick weighs sale of $1.9 billion Acacia stake, sources tell Reuters
Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining and has approached several South African miners, according to sources familiar with the situation. The potential sale would be part of Barrick's broader strategy of selling non-core assets to reduce its debt load. The Toronto-based company offloaded stakes in several mines last year. The talks are at an early stage and there is no assurance a deal will be done, the sources
Wednesday, July 27, 2016
24hGold - Publicnow
Peak Resources Quarterly Activities Report and Appendix 5B
6d77277d-7783-4f9e-a5fd-5d35cd01df3e.pdf JUNE 2016 Quarterly Activities Report and Appendix 5B Highlights: Solid progress on Ngualla Project Bankable Feasibility Study engineering f Detailed engineering studies are well advanced with Tier 1 specialist international consultants led by lead project engineer AMEC Foster Wheeler. f The Bankable Feasibility Study (BFS) is on track for completion first Quarter 2017. Final Pilot Plant commissioned f The final Pilot Plant of the three sta
Tuesday, July 26, 2016
24hGold - Publicnow
FY2016 Trading Update and FY2017 Guidance Update
RNS Number : 0583F Petra Diamonds Limited 25 July 2016 25 July 2016 LSE: PDL Petra Diamonds Limited ("Petra" or the "Company" or the "Group") Trading Update for the Year ended 30 June 2016 FY 2017 Guidance Update Petra Diamonds Limited announces its Trading Update (unaudited) for the year ended 30 June 2016 (the "Year" or "FY 2016"), ahead of its preliminary results for the Year ("Prelim Results"), which will be released on 19 September 2016. The Company also announce
Monday, July 25, 2016
24hGold - Publicnow
GOLD Pilot-scale production to commence at Singida Gold Project in 2017
9ecf2b18-4419-47b7-81f0-a4196e2fefa9.pdf 15 July 2016 Shanta Gold Limited ("Shanta Gold", "Shanta", or the "Company") Pilot-scale production to commence at Singida Gold Project in 2017 Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce an update on its Singida Gold Project ("Singida" or the "Project"), which is located in northern central Tanzania. Singida is an advanced stage project with a mining licence in place. The Projec
Friday, July 15, 2016