Highlight:Workers at Geita Gold Mining Limited have launched a food strike, demanding the reinstatement of full education allowances for their children. The dispute, stemming from a 25% reduction in the agreed benefits, underscores tensions over employee welfare and corporate policies. Workers Protest Reduced AllowancesGEITA – Workers at Geita Gold Mining Limited (GGML) have entered their…
Helium One has made a significant breakthrough in Tanzania, uncovering an estimated 98.9 billion cubic feet (bcf) of helium reserves, positioning the country as a future player in the helium market. This discovery comes as global helium supplies continue to decline, affecting industries ranging from healthcare to aerospace. With helium essential for applications in medical…
CAPE TOWN, SOUTH AFRICA – November 5, 2024Tanzania has announced that it will auction 26 petroleum exploration blocks in its fifth licensing round, set to open on March 5, 2025. The announcement was made by Dr. James Mataragio, Deputy Permanent Secretary of the Ministry of Energy (Gas and Oil), during the African Energy Week conference…
Key Takeaways: MWANZA – Tanzania’s government has achieved a significant milestone in its benefit-sharing model for the extractive industry, as its free carried interest in Sotta Mining Corporation Limited (SMCL) has risen from 16% to 20%. This marks the first instance in which the government, through the Office of the Treasury Registrar (OTR), has successfully…
SIMIYU: The ongoing oil and gas exploration project in the Eyasi-Wembere Basin, which spans five regions in Tanzania, has reached 20% completion, according to recent updates from the Tanzania Petroleum Development Corporation (TPDC). The exploration, conducted using 2D seismic data technology, aims to identify potential oil and gas reserves in this region. The project’s team,…
The Ministry of Minerals has officially reinstated domestic and international gemstone auctions, a move aimed at boosting Tanzania’s standing in the global gemstone market. Auctions will be held in key production regions, including Mirerani, Mahenge, Tunduru, Dar es Salaam, Arusha, and Tanga. Internationally, auctions will take place in prominent gemstone hubs like Bangkok, Thailand, and…
Tanzania Launches Major Gold Purchase Initiative to Strengthen Reserves, Boost Mining Sector GEITA, Tanzania — President Samia Suluhu Hassan announced on Saturday that the Bank of Tanzania (BoT) has set aside one trillion shillings ($400 million) for a domestic gold purchasing program, a significant step in bolstering the nation’s gold reserves and addressing foreign currency…
CAPE TOWN, SOUTH AFRICA – October 12, 2024Tanzania has announced its fifth oil and gas licensing round, offering 24 offshore and onshore exploration blocks in a bid to attract global investors. The announcement was made by the Deputy Minister for Energy, Ms. Judith Kapinga, during the Africa Oil Week: Investing in African Energy Conference held…
The highly anticipated Nyanzaga-Sengerema gold mining project in Tanzania is set to break ground in January 2025. This major development, which was confirmed by the Minister of Minerals, Anthony Mavunde, is expected to create more than 1,500 new jobs, significantly boosting economic growth in the Sengerema region. During a visit to the district, Minister Mavunde…
In a historic moment for the Federation of Tanzanian Miners’ Associations (FEMATA), John Bina was re-elected as President during the general meeting held on October 10 in Tanga. Marking a unique family achievement, his son, Elmino Bina, was also elected as Youth Vice-Chairman, solidifying the Bina family’s influence in shaping the future of Tanzania’s mining…
