Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • Business Mint is proud to announce the Nationwide Design & Architecture Awards – 2022 Business
  • Matrix eSIM Solutions, Built on Military Values: Choose Security Over Uncertainty Business
  • Fastag Recharge Online: How to Recharge Fastag Lifestyle
  • Vidhyadeep University and SGCCI Launch South Gujarat’s Largest Skill Acquisition Center Education
  • Anukriti Dixit: A Pioneer Recognized by the World Designing Forum Lifestyle
  • NAREDCO Maharashtra organises one of a kind Homethon Property Expo in Mumbai Business
  • Money Mileage Ropes in Funding from Startup India through AIC-SMUTBI Business
  • MBDH Wellness, A Leading Ayurvedic Brand, Has Launched IGNITE D CAPSULES Business

Mkwamba Minerals Advances Gold Project with New Processing and Refining Plans

Posted on December 29, 2025 By

Venkat Ashok Reddy and Associates outline the next phase of Mkwamba Minerals Mining Company’s growth, focused on expanding production capacity and establishing on-site processing and refining capabilities.

New Delhi [India], December 29: In November 2011, Venkat Ashok Reddy and Associates acquired Mkwamba Minerals Mining Company, a gold mining enterprise in Mpanda of the Katavi region in Tanzania with an artisanal mining background and promising geology.

Prior to the acquisition, artisanal miners operated on approximately 36.3 hectares using traditional methods with limited mechanisation. Mr Reddy commissioned due diligence from Dollebera Mining Consultants, London, which confirmed viable geological and economic potential. Acting on the findings, the team acquired two additional Primary Mining Licenses (PMLs) from local artisanal miners, expanding the total operational area to 66.9 hectares.

Following the takeover, the company initiated a large-scale exploration program to define resources and ore-body geometry. Work included geophysical surveys, core and diamond drilling, and geochemical and metallurgical testing to confirm grade continuity, ore depth, gold concentration, and extraction feasibility. Results exceeded expectations, confirming an average yield of 8 grams per tonne (g/t), commercially viable by global standards.

Mkwamba Minerals ensured compliance with mining regulations and secured required mining leases, environmental impact assessments (EIAs), and operational permits.

“From day one, our focus has been to transition this asset from legacy artisanal operations into a technically governed, compliant, and value-addition-led gold mining enterprise. The exploration outcomes have validated the strength of the ore body, and the next phase is about building the right processing and refining infrastructure on-site, so we can improve recovery, standardise quality, and create stronger downstream value before export. We are committed to executing this expansion responsibly, with full regulatory alignment and an approach that reflects long-term sustainability for the Katavi region and Tanzania’s mining sector,” said Venkat Ashok Reddy, on behalf of Mkwamba Minerals Mining Company.

Building on these outcomes, Mkwamba Minerals is entering an expansion phase to enhance production and refining capabilities. The company plans to establish a Carbon-in-Leach (CIL) processing plant to improve gold recovery efficiency using activated carbon. In parallel, an on-site refinery is being planned to process mined gold into Dore bars (semi-pure gold) and bullion (refined gold), enabling value addition before export. The engineering and procurement team is currently finalising plant and machinery specifications with manufacturers in China and South Africa, known for advanced mining equipment. Simultaneously, in-depth geotechnical and soil testing is being conducted at the mining site to optimise plant design and ore processing parameters.

The operational goal is to achieve a production rate of 100 to 130 tonnes of ore per day. Based on current assay data, this capacity is projected to yield approximately 80 grams to 1 kilogram of gold per day, post-process optimisation.

The refinery will enable downstream value capture and reduce reliance on external tolling or third-party processors. Refined products are intended for shipment to international clients in the UAE (Dubai) and other established markets, leveraging commercial relationships cultivated over several years.

With a strong foundation of technical expertise, regulatory compliance, and strategic foresight, Mkwamba Minerals, led by Venkat Ashok Reddy and Associates, continues to position itself as a rising force in sustainable gold mining and refining in the Katavi regions of Tanzania, East Africa, combining modern technology, ethical practices, and a global outlook for long-term value creation.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Business Tags:Business

Post navigation

Previous Post: Parul University Celebrates Its 9th Convocation, Honouring the Achievements of Its Graduates in the Presence of National Icons
Next Post: Brainiac IP Solutions Announces Successful Conclusion of the Innovation and IP Leadership Summit 2025

Related Posts

  • 360Hub.AI: Redefining Storytelling through AI’s Creative Lens Business
  • Snehaa Organics Limited Announces Opening Of Initial Public Offering (IPO) On August 29, 2025 Business
  • Founders Under 40 Who Are Building the Next Big Thing Business
  • 15 Remarkable Startups Set to Make a Mark in the Business Landscape of 2023 Business
  • Future Leaders: Companies Evolving for Tomorrow Business
  • Kuche7 at India Design 2025: A Fusion of Heritage and Innovation Business

Recent Posts

  • Investment Migration Draws A Wider Pool Of Indian Applicants
  • OPPO Gujarat Hosts ‘Diwali Unplugged’ – Celebrating Creativity, Connections and Festivity along with Oppo FindX 10 Series
  • GYFTR: India’s Gift Card King Is Just Getting Started
  • HOAC Foods India Limited Reports Strong H1 FY27 Results
  • Captain Polyplast Limited Reports Robust Q2 & H1 FY27 Growth, with Total Income Rising 32.89% & 25.14%, Respectively

Recent Comments

  • Unknown on Participants Reap Rewards in Wellman’s 8-Week Digital Campaign: IPL Tickets, Autographed Virat Kohli Merchandise, and More!
  • A Man of Many Hats, Sarvesh Goel Brings Cinematic Brilliance to Lucknow with AND Productions Entertainment
  • AVG Logistics Secures Major Contract with Top Appliance Manufacturer, Leveraging Extensive Multi-Modal Connectivity Business
  • ‘The Tenth Riddle’ by Sapan Saxena garners rave reviews from critics across Press Release
  • Sheth Realty unveils ambitious redevelopment project in Sion targeting INR 1000Cr revenue Business
  • The book “Woh 17 Din” narrates the story of the Sikyara Tunnel accident Lifestyle
  • Mehul Purohit: A Young Entrepreneur Making Waves in Digital Branding Business
  • Viza International Celebrates a Milestone Achievement: 100,000 Visas Secured and Counting! Business
  • Travel News Services and TNSI Retail Expansion Plan Targets 100 Stores Across India by 2027 Business

Copyright © 2026 Daily News India.

Powered by PressBook News WordPress theme