Volt Resources Limited, a leading player in the critical minerals and battery materials sector, has secured a significant financial boost, receiving a second funding advance of AUD 500,000. This funding comes through a deal with RiverFort Global Opportunities PCC Limited. Volt Resources, known for its cutting-edge work in graphite production and development of natural graphite […]
TGS, a global leader in energy data and intelligence, has entered into an agreement with Tanzania’s Petroleum Upstream Regulatory Authority (PURA) to manage and license over 132,000 square kilometers of the country’s offshore subsurface data. This dataset, crucial for understanding the geological underpinnings of the region, includes comprehensive 2D and 3D seismic data. Tanzania’s offshore […]
TVS Motor Company (TVSM), a prominent global manufacturer in the two and three-wheeler segments, has officially launched its latest model, the TVS HLX 125 with 5-gears, in Tanzania. This new motorcycle is engineered to offer a combination of power, efficiency, and durability, ideally suited for diverse terrains. Powerful Features and Enhanced Durability The TVS HLX […]
Helium One Global (AIM: HE1), the premier helium explorer in Tanzania, has announced the successful completion of the Itumbula West-1 well, marking a pivotal development in the field of helium exploration. This milestone is underscored by the remarkable flow of high concentration helium to the surface, positioning the Rukwa Rift Basin as a significant producing […]
Silvercorp Metals Inc. (“Silvercorp”) (TSX: SVM) (NYSE American: SVM) and OreCorp Limited (“OreCorp”) (ASX: ORR) have entered into a landmark Bid Implementation Deed (“BID”), under which Silvercorp will acquire all OreCorp Shares not already owned by them. The deal comprises 0.0967 common shares of Silvercorp and A$0.19 cash per OreCorp Share, valuing each OreCorp Share […]
Etablissements Maurel & Prom S.A. (“M&P”) has recently updated on its significant acquisition of Wentworth Resources Plc (“Wentworth”), a pivotal move in the energy sector. Announced on 5 December 2022, the acquisition has now taken a positive step forward with M&P’s signing of a crucial agreement with the Tanzania Petroleum Development Corporation (“TPDC”), facilitating the […]
Helium One Global (AIM: HE1), a primary explorer of helium in Tanzania, has shared an exciting update on the drilling progress of the Tai-3 well. The well has successfully reached a measured depth (MD) of 1,448 meters, having encountered weathered crystalline Basement, marking a significant milestone in the company’s exploration efforts. Discovery of Elevated Helium […]
Cupid Limited has secured an order from Medical Stores Department, Government of Tanzania for the supply of male condoms worth around INR 65.84 crores. Omprakash Garg — CMD of Cupid Limited said: “We are excited to receive this valuable order.”
TATA Projects has won contracts worth around $323 million to execute multiple transmission and distribution (T&D) projects across the African continent. In the East Africa region, the Indian infrastructure company has bagged a $79 million project funded by the African Development Bank (AfDB) for 280km 400kV D/C overhead transmission line between Nyakanazi and Kigoma in […]
Tech Mahindra has been selected by Tanzania Electric Supply Company (TANESCO), an integrated electricity utility, for helping the latter in its digital transformation. In this connection, Tech Mahindra will help TANESCO to reach a position to support future ready applications such as geo information system, IT infra/network, while boosting agility and returns on investment with […]