Mining in Tanzania

Tanzanian Gold Enhances and Expands its Relationship with Tanzania to Advance the Buckreef Gold Project

Retrieved on: 
Friday, January 8, 2021

STAMICO, which is 100% owned by the United Republic of Tanzania (the Government), owns a 45% non-dilutable equity interest in Buckreef Gold Company Limited, which wholly-owns the Project.

Key Points: 
  • STAMICO, which is 100% owned by the United Republic of Tanzania (the Government), owns a 45% non-dilutable equity interest in Buckreef Gold Company Limited, which wholly-owns the Project.
  • An update of a mine plan is a normal procedure under the provisions of the Tanzanian mining laws.
  • Mr. Stephen Mullowney, Chief Executive Officer (TanGold), commented, This is an important step forward in the development of Buckreef.
  • Tanzanian Gold Corporation is advancing on three value-creation tracks:
    Strengthening its balance sheet from expanding near-term production to 15,000 - 20,000 oz.

PwC to assist project financing for gold mining at Buckreef

Retrieved on: 
Tuesday, May 5, 2020

VANCOUVER, British Columbia, May 05, 2020 (GLOBE NEWSWIRE) -- Tanzanian Gold Corp. (TSX:TNX) (NYSE American: TRX) with gold mining projects at Buckreef in Tanzania, is pleased to announce the engagement of PricewaterhouseCoopers Corporate Finance Inc.("PwCCF") to assist in securing project financing for construction of two gold mining projects at Buckreef.

Key Points: 
  • VANCOUVER, British Columbia, May 05, 2020 (GLOBE NEWSWIRE) -- Tanzanian Gold Corp. (TSX:TNX) (NYSE American: TRX) with gold mining projects at Buckreef in Tanzania, is pleased to announce the engagement of PricewaterhouseCoopers Corporate Finance Inc.("PwCCF") to assist in securing project financing for construction of two gold mining projects at Buckreef.
  • Mr. Stephen Mullowney,PwCCF'sManaging Director of Corporate Finance commented, "We are pleased to be working with Tanzanian Gold to arrange project mining financing of two gold mining operations.
  • Tanzanian Gold Corporation is building a world class gold mine at the Buckreef Project in Tanzania.
  • NI 43-101 compliant exploration mining targets contain the potential to add up to another 2 million ounces of gold to the Buckreef resources.