Home » Archives by category » Business » Mining (Page 3)

South Africa, Botswana Clash Over Diamonds

South Africa, Botswana Clash Over Diamonds

Diamond production behemoth De Beers Group of Companies will hold a Sight next week at Diamond Trading Company Botswana (DTCB) in Gaborone where they will auction stones without rough diamonds from neighbouring South Africa. This follows a shocking decision last week by South Africa’s minerals minister, Mosebenzi Zwane, of refusing to grant an exemption to […]

We’re in Process of Retrenching Workers – Acacia Mining

We’re in Process of Retrenching Workers – Acacia Mining

Acacia Mining has confirmed that it is in the process of retrenching its workers mostly in the security section. Acacia communications and public relations manager Nectar Foya informed The Citizen in an email that the company will be outsourcing its security function at all three of its mines to a specialist security provider. Acacia owns […]

Where Pupils, Teachers, Parents Prefer Gold Mining to Schooling

Where Pupils, Teachers, Parents Prefer Gold Mining to Schooling

As early as 10am, seven-year-old Joseph Ouma is standing in a muddy stream, filtering gold from the water channels connecting to River Okame in Amonikanine village, Buteba sub-county in Busia district. As ZURAH NAKABUGO reports, Ouma is just one of many children who have all but abandoned school in favour of more ‘lucrative’ activities. Asked […]

Why Mineral Wealth Not a Blessing for Africa

Why Mineral Wealth Not a Blessing for Africa

Tanzania is one of the most abundantly endowed with natural resources just like most of other African countries, but is still ranked high amongst the 25 poorest countries in the world. Private investment in mineral sector in Tanzania is in place for almost 20 years since the country opened its doors for foreign direct investment […]

President John Magufuli’s Mineral Sands Probe Findings Shake Tanzania

President John Magufuli’s Mineral Sands Probe Findings Shake Tanzania

A day after President John Magufuli ordered security organs to investigate parties involved in the mineral sand saga, the Prevention and Combating of Corruption Bureau (PCCB) and the Police are already on their toes implementing the directive. President Magufuli issued the instruction on Wednesday following revelations of massive thieving within the mining sector, apparently engineered […]

Tanzania’s John Magufuli Fires Energy Minister

Tanzania’s John Magufuli Fires Energy Minister

President John Magufuli wants energy and mineral minister Prof Sospeter Muhongo to reconsider his position after he was implicated in the mineral sand saga report. The president was responding to recommendations made to him in the report by a special committee he formed to investigate gold and cooper consentrate in mineral sand. “The minister is […]

How President John Magufuli Opened Eyes of Academicians And Legislators in Tanzania

How President John Magufuli Opened Eyes of Academicians And Legislators in Tanzania

Academicians and legislators have described the probe report on copper concentrate exports presented to President John Magufuli as an eye-opener, on how Tanzania has been losing billions of shillings in the mining sector, calling for transparency in contracts between the government and investors. Soon after findings of the scathing report were unveiled yesterday, share prices […]

Minister Chinamasa Says Thanks to Mining, Sleepless Nights Are Now a Thing of the Past

Minister Chinamasa Says Thanks to Mining, Sleepless Nights Are Now a Thing of the Past

FINANCE minister Patrick Chinamasa says he no longer has sleepless nights over the country’s economy as key performers such as mining and agriculture are showing good results. Chinamasa said this as he praised the mining industry on Friday at the just ended 78th Chamber of Mines of Zimbabwe annual general meeting and conference in Victoria […]

Tanzania’s Mining Giant Acacia to Lay Off Workers – Report

Tanzania’s Mining Giant Acacia to Lay Off Workers – Report

Acacia Mining is laying off about 100 people before the end of this year. That is happening at a time when the company is planning to close down its Buzwagi Gold Mine. An internal memo, released on May 15 (a copy of which The Citizen has obtained), quotes Buzwagi Gold Mine general manager Stewart Hamilton […]

Rwanda Produces a Third of World’s Tantalum – Report

Rwanda Produces a Third of World’s Tantalum – Report

Rwanda is the world’s largest producer of tantalum, accounting for over one-third of the mineral traded on the international market, according to the latest Minerals Commodity Summaries published by the United States Geological Survey. Rwanda accounted for about 37 per cent of the global tantalum production while DR Congo accounted for about 32 per cent […]

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone