A recent report by Mining Weekly has indicated that African Eagle is currently planning to begin the process of raising GBP 3.8 million in order to start work on a feasibility study of Tanzania’s Dutwa nickel laterite project.
According to a recent report by Mining Weekly Online, the African Eagle operations director, Chris Davies, has said that based on the results of the latest discovery of nickel in the Tanzania mining area of Dutwa, analysts have predicted that the area will develop into a low-cost mine by 2012 and have the capacity of producing nickel at a price of USD 8 per pound.
A conceptual study and an environmental and social impact assessment (ESIA) for the proposed Chunya project in the southern Tanzania mining sector has been commissioned by Shanta Gold, a gold exploration and development company that works in the green fields in order to further develop the exploration prospects in the under-exploited areas in the country.
A recent report by The Citizen has indicated that the Tanzania Electricity Supply Company (Tanesco) is currently seeking USD 1.6 billion in order to rehabilitate its infrastructure and enhance the Tanzania power sector by enhancing the overall supply of its resources.
A discussion on investment opportunities in the Tanzania energy sector was the major topic on the table at a recent meeting in Dar es Salaam between investors, financial institutions and policy makers for the sector.
According to a recent report by This Day, TANCOAL Energy is currently sponsoring a feasibility study for a project that is seeking to construct a 400-megawatt coal-fired station as a means of support to the Tanzania energy sector and generate approximately USD 300 million in annual gross returns.
Tanzania Electric Supply Company (TANESCO) has released plans to invest USD 33.4 million in order to add a 134–kilometer high-voltage power transmission line to its current network, thus making it possible for the company to serve as many as 25,000 new customers.
The shares of a major Tanzania gold mining company, African Eagle Resources (AFE), have increased by as much as 29 percent following an announcement earlier this week that exploration data from its Igurubi project have indicated the presence of significant gold deposits.