In a move that is expected to save the government TZS 1.6 trillion annually, all emergency power generation plants that were hired by the government will be closed by January 2015 with the focus shifting to the generation of electricity through locally sourced Tanzania natural gas under the national Tanzania power utility organization, TANESCO.
State-owned Tanzania gold mine, Stamigold Biharamulo, has announced plans to expand production in their Lake Victoria area mine to reach 40,000 ounces of gold in 2015, representing an increase of four times the company's expected production capacity for the current year.
French oil producer Maurel & Prom has signed a Tanzania gas sales and purchase agreement alongside Wentworth and the Tanzania Petroleum Development Corporation (TPDC) that will facilitate the sale of natural gas from the Mnazi Bay and Msimbati fields to a 532 km government-owned pipeline scheduled to launch in 2015.
UK-based Kibo Mining PLC has released the results from a definitive mining feasibility study (DMFS) for the Rukwa coal project which indicate that the Tanzania mining project can support a 300MW mine-mouth power station.
In an effort to meet the rising demands, officials from the Tanzania Electric Supply Company (TANESCO) have indicated plans to double the country’s power production by 2016 to reach 3,000 megawatts at a cost of approximately USD 1.21 billion.
Tanzanian Royalty Exploration Corporation (TRX) has announced the completion of four heap leach cells, each measuring 100 meters by 30 meters, to support the processing of stacked ore at the Tanzania gold development project in Lake Victoria.
UK-based BG Group plc has reported results from a second drillstem test (DST) offshore in the Southern Tanzania Mzia discovery, which shows higher than expected flows of gas and provides additional support for the construction of a hub to supply the onshore Tanzania liquefied natural gas (LNG) project.
The Tanzania Petroleum Development Corporation (TPDC) launched a project in July 2014 to bring the natural gas discovered off the coast of Tanzania to consumers and residents in the commercial capital of Dar es Salaam.