The Latest

Tanzania Royalty Exploration Company Initiated Production On Buckreef Re Mining Gold Project

April 26, 2015
1 minute read

Tanzania Royalty Exploration Company (TSX:TNX, NYSE MKT:TRX), has announced the initiation of the process of production at the initial target on the Buck reef prospect.

The Buckreef re mining gold project, located in north-central Tanzania, comprises the dormant Buckreef Gold Mine and four prospects with known mineralization: Buckreef, Buziba, Tembo and Bingwa.

“I cannot over-state the importance of this project. The transition from just an exploration firm also to a producing enterprise is one of those rare events in our industry of late. From this day forward we are progressing to a production operation; as well as, of course, an exploration one“ explained Tanzania Royalty President and CEO James Sinclair.

The Buckreef Project is a joint venture between Tanzanian Royalty with 55% shares and State Mine Corporation (Stamico) holding the remaining 45%.

Want to know more about Mining in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers Mining, plus regulations, key sectors, and investment opportunities—all in one place.

Download Free Guide
Tweet
Share
Share
Share
Related Posts
Tanzania steel plant Dodoma
Read More

TZS 600 Billion Steel Plant Using Local Iron Ore to Be Developed in Dodoma, Work Starts in July 2026

A1 Iron & Steel Tanzania Ltd plans to invest TZS 600 billion in a new steel manufacturing plant in Nala, Dodoma. The project will use iron ore as its main raw material, and support Tanzania's strategy to increase mineral value addition and reduce dependence on imported steel products. Construction is scheduled to begin in July 2026 and is expected to be completed within 15 months.
Tanzania Anthony Mavunde Kitila Mkumbo Small-Scale Miners Recommendations Report
Read More

Tanzania Plans Mining Fund and Credit Guarantees to Support Small-Scale Miners

The Government of Tanzania has received recommendations aimed at strengthening the small-scale mining sector through improved access to finance, technology, and geological information. The proposals include establishing a mining fund, expanding credit guarantees, and supporting mineral research to increase employment, reduce poverty, and boost economic growth.
Kabanga Nickel Deposit
Read More

USD 942M Kabanga Nickel Project Moves Closer to Implementation, FID Expected in 2026

The Kabanga Nickel Project has moved closer to implementation after Lifezone Metals (NYSE: LZM) Executive Chairman Keith Liddell and Treasury Registrar Nehemiah Mchechu briefed President Samia Suluhu Hassan on 8 June 2026, with both sides confirming an agreed project structure and turning to finalise the refinery and beneficiation component. The USD 942 million project is targeting a final investment decision in 2026 and is expected to generate USD 2.4 billion in corporate income taxes and around 1,090 jobs.
Lindi Jumbo and Tanzanian government sign graphite joint venture in Ruangwa, Lindi
Read More

Tanzania Government Secures 16% Stake in Lindi Jumbo Graphite Mine Through Ndovu Graphite Joint Venture

The Tanzanian government has formalized its statutory 16% non-dilutable equity stake in the Lindi Jumbo graphite mine in Lindi Region through a joint venture agreement that creates Ndovu Graphite Limited, with Lindi Jumbo Limited retaining an 84% stake. The mine produces 40,000 tonnes of graphite per year over a 24-year mine life, and Tanzania currently ranks sixth globally in graphite production, with an annual output of 25,000 tonnes from two large-scale operating mines, Lindi Jumbo and God Mwanga, in Tanga.

Want to know more about investing in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers key sectors, regulations, and investment opportunities—all in one place.

Download Free Guide