Tanzania
Current and comprehensive mining and industrial, market data and investing news in Tanzania.
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Business
Acacia says valuation higher than Barrick buyout offer, extends bid deadline
Tanzania’s largest gold miner Acacia Mining Plc said on Tuesday it is worth more than a buyout proposal by majority…
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Business
Acacia fires off 5,000-word rebuttal to Barrick Gold’s claims
Barrick Gold Corp.’s troubled African unit, Acacia Mining Plc, posted an almost 5,000 word rebuttal to claims from its parent amid…
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Business
Tanzania targets big increase in mineral revenue
Tanzania intends to collect 470.9 billion shillings ($205.5 million) from minerals in 2019-20, compared with a projected income of 310.6 billion…
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Business
Barrick to force Acacia takeover
Barrick Gold Corporation is to force a takeover of its Tanzania subsidiary, Acacia, to rescue the deal it has negotiated…
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Business
Acacia market capitalisation slips by Sh700 billion in April
Acacia market capitalisation at the Dar es Salaam Stock Exchange (DSE) slipped by Sh700 billion to Sh1.7 trillion as at…
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Business
Acacia loses fresh export plea
The Tax Revenue Appeals Board has supported the government’s decision to ban exports of gold and copper concentrates. Acacia’s Bulyanhulu…
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Business
Tanzania’s Tribunal upholds ban on concentrate exports
The Tax Revenue Appeals Board (Trab) has upheld the government’s decision to ban the export of mineral concentrates by Bulyanhulu…
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Energy
Tanzania eyes 10,000 MW power generation capacity by 2025
Tanzania aims to have six times its current power generation capacity by 2025 through investment in thermal and renewable energy,…
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