Kibo inches closer to completion of gold assets sale to Opera

Imeandikwa na -


JOHANNESBURG (miningweekly.com) – The proposed sale of dual-listed Kibo Mining’s northern Tanzania-based gold assets, Imweru and Lubando, to London-listed Opera Investment, is one step closer to completion, after the projects’ resources were upgraded.
The two companies in September signed a heads of agreement for the unloading of Kibo’s wholly-owned UK subsidiary Sloane Developments for 61-million Opera shares of 1p issued at a price of 6p apiece.

Opera then commissioned Minxcon to undertake a competent person's report on the projects, which included an evaluation of the geological assets.
The evaluation showed that Imweru hosted 2.36-million tonnes of indicated resource, at 1.19 g/t and 90 800 oz, while its inferred resource measured 9.24-million tonnes, at 1.43 g/t and 424 310 oz for a total resource of 515 110 oz.
At Lubando, the study confirmed 6.78-million tonnes, grading 1.10 g/t and containing 293 870 oz

Maoni

Chapisha Maoni

Machapisho maarufu kutoka blogu hii

Tanzania intra-SADC trade decline by 15 pc

Imeandikwa na -
Picha
Zambian President Edgar Lungu with Magufuli By Mnaku Mbani Tanzania’s intra-SADC trade declined by 15.5 percent to USD 1,697.3 million in 2015 from the amount recorded in preceding year. The Bank of Tanzania Economic Operations and annual report for the year ended in June 2015 published mid this month this development was attributed to a decrease in both exports and imports.
Endelea kusoma

DSE all share index down

Imeandikwa na -
By Mnaku Mbani The Dar es Salaam Stock Exchange (DSE) All Shares Index (DSEI) closed at 2,273.06 yesterday, down by 18.60 per cent when compared with Wednesday. The fall of the DSEI, which calculate the performance of all locally listed and cross listed companies was a result of fall of some share prices including East African Breweries Limited which dropped by 3.39 per cent, KCB Limited by 3.70 per cent and NMG price which fell by 2.14 per cent.
Endelea kusoma

The beauty queen from Tanzania who is building a furniture empire

Imeandikwa na -
Picha
Jacquiline Ntuyabaliwe MFONOBONG NSEHE , Forbes Magazine : Weaving in and out of Dar es Salaam’s grating midday traffic in her chauffeured white Mercedes S550, Jacqueline Ntuyabaliwe, a svelte 38-year-old beauty, is transfixed by an image of a dining set on her phone. With a slim, elegant finger, she prods her cellphone screen to show me the picture she’s looking at. “This is one of our pieces,” she says, pointing to the picture of a 5-piece dining set. It’s one of the items produced by Molocaho by Amorette , the furniture-manufacturing firm she recently founded. “This set was handcrafted from timber which was reclaimed from old cargo boats from the Indian Ocean along Tanzania’s coastline,” says the entrepreneur earnestly.
Endelea kusoma