According to a recently released statement from the Bank of Tanzania (BoT), between October 2010 and October 2011 Tanzania gold exports have witnessed a 33 percent increase as a result of an increase in the price of gold on the world market.

The International Finance Corporation (IFC), the private sector branch of the World Bank Group, has agreed to provide USD 5 million in funds to be used in the completion of a bankable feasibility study for a Tanzania nickel exploitation project in the Dutwa nickel oxide project located in the northern part of the country.

Ophir Energy has announced the launch of its 2012 Tanzania drilling program, for which it will use the state-of-the-art drillship Odfjell rig Deep-sea Metro-1 (UDW drillship) as it begins the year with its first three wells: Jodari-1, Mzia-1, and Papa-1.

According to recent reports, the World Bank is planning to invest USD 290 million into mineral governance projects across seven different African countries, including the Tanzania mineral sector.

In an effort to reduce corruption in the Tanzania oil sector, the government of Tanzania has recently announced a decision to increase excise duty on the country’s kerosene supply.