FDI

FDIGoldTanzania

Tanzania gold refinery starts producing in drive to boost gold revenues

A new gold refinery set to be the biggest in Tanzania has begun production in a step towards the government's aim of processing more of the precious metal domestically. Africa's fourth-biggest gold producer and home to industrial gold mines run by Barrick, AngloGold Ashanti and others, Tanzania has been trying to formalise subsistence gold mining and develop refineries to generate more revenue from the sector. The refinery in Mwanza, a city on Lake Victoria, is processing gold from sources including subsistence or "artisanal" miners, Tanzania's State Mining Corporation (Stamico), a...
FDIGreenland

UPDATE 1-Greenland holds election closely watched by global mining industry

* Election watched closely by global mining industry * Greenland has vast deposits of rare earth metals * Long-dominant ruling party behind in opinion polls (Updates with start of voting) COPENHAGEN, April 6 (Reuters) - Greenlanders began voting in a parliamentary election on Tuesday that could unseat the ruling political party and help decide the fate of vast deposits of rare earth metals which international companies want to exploit. The Arctic island of 56,000 people, which former U.S. President Donald Trump offered to buy in 2019 only to be told...
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