Tanzania: ARA Petroleum Receives Licence for Ntorya Gas Development
The license will enable ARA Petroleum to advance the development of the Ntorya Gas discovery, with first gas anticipated for 2025.
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The license will enable ARA Petroleum to advance the development of the Ntorya Gas discovery, with first gas anticipated for 2025.
Black Rock Mining has secured a $179 million facilities agreement with three African banks to develop the Mahenge graphite project in Tanzania.
Tanzania Chamber of Mines CEO Benjamin Mchwampaka will participate in high-level discussions at the Critical Minerals Africa Summit, as the country accelerates current exploration and development projects.
Tanzania, Zambia and China have pledged to modernize the railway to facilitate the transport of goods and services, including critical minerals, among the three countries.
The investment by POSCO will enable the development of Tanzania’s Mahenge Graphite Project led by Black Rock Mining.
Ethiopian Electric Power will begin exporting electricity to Tanzania in mid-September to boost export revenue and regional energy security.
The project will utilize Tanzania’s natural gas resources for local fertilizer production.
According to the term sheet signed with Peak Rare Earths, Shenghe will fully fund the project by acquiring a 50% stake in Ngualla Group UK for approximately $63 million.
The connection of three turbine units to Tanzania’s grid marks a significant increase to the country’s electricity supply.
TGS will undertake future acquisition of new seismic data, reprocess existing data and support Tanzania’s upcoming licensing rounds set to launch in 2025.