Tanzania has officially announced a list of 20 mining goods and services reserved exclusively for companies fully owned by Tanzanians following amendments to local content regulations. The move aims to increase local procurement, employment, and industrial participation in the mining sector.
Indiana Resources has confirmed the final settlement of its arbitration dispute with the Government of Tanzania concerning the Ntaka Hill Nickel Project. The resolution closes all legal proceedings, with no taxes, penalties, or other financial obligations due by the company in Tanzania.
EcoGraf has received three Prospecting Licences covering 575.23 square kilometres for the Golden Eagle gold project in Tanzania, allowing the commencement of a USD 9.0 million farm-in agreement with AngloGold Ashanti to earn a 70% interest through exploration spending over five years. The project is located on the eastern margin of the Lake Victoria Goldfields and covers banded iron formations hosting high-grade gold mineralisation.
Tanzania has unveiled a strategy to reposition Tanzanite in global markets as it finalises the Tanzanite Exchange Centre in Mirerani. The project aims to boost transparency, value, and the international gemstone trade.
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