French energy company Total SA currently Europe's third biggest oil company, won the bid in 2011 and has been awarded with Oil and Gas Exploration Rights for the northern side of Lake Tanganyika.
The Tanzania government announced that licensing of uranium mining will be made only after a Mining Development Agreement (MDA) is signed later this year. Hench allowing mining companies already on site to be fully operational.
Tanzania Electric Supply Company Ltd (Tanesco) and US-based Energy Firm; Symbion Power signed on 13 February 2013 a memorandum of understanding(MoU). The MoU is for the implementation of a 400 MW gas-fired power plant in Mtwara Region, in the south of Tanzania.
Shanta Gold, the East African focused gold mining company listed at AIM, the London Stock Exchange’s international market for smaller growing companies, published its latest update on Tanzania operations.
The Norwegian oil & gas energy company Statoil announced that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania.
Ophir Energy, the oil and gas exploration company operating in Africa announced positive results for its three-well appraisal programs on the Jodari field, Block 1 in Tanzania.
Diamond International, the world largest tanzanite buyer and one of the largest jewelry retailers in the world, will create a state of the art gemstone processing plant in Tanzania.
Prof. Sospeter Muhongo, Tanzania’s Minister for Energy and Minerals announced that the Government issued 20 Bn TSZ for the construction of pipeline network for the distribution of natural gas form the Mtwara region to Dar es Salaam for domestic and industrial purposes.