Chinese invest in Douglas Lake Minerals' Tanzanian properties
The Northern Miner, June 4, 2008
China's footprint in Africa just went up a size with the announcement that a Chinese consortium has invested US$6 million in Douglas Lake Minerals (DLKM-O). The equity investment will be used for project financing as well as exploration and development at Douglas Lake's properties in Tanzania and give the consortium a 20% stake in the Vancouver-based company.
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Chinese group takes 20% stake in Douglas Lake Minerals
Report On Business, June 2, 2008
VANCOUVER — Douglas Lake Minerals Inc. said Monday that a group led by Tianjin Institute of Geology and Mineral Resources, a department of the Chinese Ministry of Land and Resources, is investing $6-million to take a 20 per cent equity stake in the company.
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Douglas Lake Minerals acquires massive 430 sq km alluvial gold deposit
Fox News Network, Friday, May 09, 2008
The company announced it has concluded an agreement to buy the mineral rights to four Prospecting Licenses (PL's) covering an area of 430 square kilometers in Mkuvia in the Lindi Region in Southeastern Tanzania.
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Anglo American's Carroll says Anglo will continue to invest in Africa
Reported by Tessa Kruger, Mineweb, February 5, 2008
CAPE TOWN – Anglo American CEO Carroll says exploration spend on the continent will total $485 million in 2008, while the company has a project pipeline of $12 billion. Anglo American intends to remain a major investor in Africa, home to more than 40% of the company's assets, as the continent offers unparalleled opportunities for mining-related industries.
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Canadians in Diamond Hunt in Shinyanga
Reported by All Africa News, November 20, 2007
NAIROBI – A Canadian mining giant has started exploring for diamonds in the mineral-rich Shinyanga district in northwestern Tanzania. The firm, Douglas Lake Minerals, announced last week that its partner, Canaco Resources, has initiated Phase One Exploration of the Magembe Diamond Project in Shinyanga.
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China's march on resources continues with four new foreign deals
Times Online, February 5, 2008
by Christian Gradley-Minesite.com
Any doubt that the first shots in a new economic war have been fired were removed yesterday as Chinese companies announced four deals in the resources sector. China's rush for resources comes as the Government seeks access to the metals, minerals and energy needed to feed its rapidly growing economy.
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Douglas Lake Minerals Stays the Course Through A Tough Year
Minesite, January 03, 2008
by Christian Gradley
With its share price near an all-time low, Canadian listed Douglas Lake Minerals keeps to the game plan – actively seeking new joint ventures and sourcing out more properties. Since our last article in February 2007, Douglas Lake added more concessions to its already impressive list of 51 gold, base metals, coal, uranium, platinum group metal and diamond properties in Tanzania.
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African Mining: Tanzania – No Longer a Sleeping Giant
From Engineering and Mining Journal, May 2007
Touted as one of the most amenable investment environments for mining on the African continent, the “sleeping giant” has recently benefited hugely from the boom in commodity prices, and consequent gold exploration discoveries on Tanzanian soil.
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Douglas Lake plans big bulk test
From Stockwatch 2007-03-12 15:20 ET – Street Wire  
by Will Purcell
Byron Hampton and Harp Sangha's Douglas Lake Minerals Inc. plans a huge bulk sample of alluvial gravels on the Magembe diamond project in Tanzania that it acquired last year. The project lies near the big Williamson mine that De Beers has been running for over 40 years. Douglas Lake thinks and hopes a portion of that huge kimberlite extends onto its Magembe play.
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Bye-Bye Poverty – An African country that deserves the money it gets
From The Economist print edition
September 28, 2006 | DAR ES SALAAM
Read how the Economist Magazine is impressed by Tanzania's new leader.
“For the moment, Tanzania is one of east Africa's few good-news stories. That isn't saying much... But donors, disillusioned by the corruption and/or brutality that goes on elsewhere, are happy to pour money into somewhere that is, at least, both peaceful and stable.”
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Tanzania’s outstanding civil servant honoured
Daily News
He was once quoted as saying: "In order to incresase quality services delivery and higher integrity in public service, there should be lots of effort in investing in capacity building and particularly training and application of the imparted knowledge." This is exactly what he has been doing throughout his career.
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Tanzania’s success due to stability, ex-leader says
By Hugh Winsor, The Globe and Mail
A candidate for the priesthood who switched to journalism may seem an unlikely talisman for hope in Africa, but Benjamin Mkapa, now approaching his 68th birthday, has emerged from 10 years as president of Tanzania as one of the unique leaders on the continent.
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Canaco and Douglas Lake Exploration Team Hire Local Geologist
Guardian Reporter
CANACO Resources Inc. of Vancouver, British Columbia has announced the engagement of Denis Dillip as the consulting geologist to act as project geologist for the company’s exploration initiative in Tanzania under the strategic alliance with Douglas Lake Minerals.
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High gold prices set off scramble for new sources
By Danielle Rossingh, Vancouver Sun
"Billions of dollars of new exploration and a surge in takeover bids and partnership proposals are another result."
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Tanzania's pot of gold
By Roger Dean in Dar es Salaam, BBC News
"A huge new gold mine has been opened in Tanzania, making the country Africa's third largest producer of gold."
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Mining: Boosting Tanzania’s economic achievements
By Ernest C. Ambali, The Guardian
"Tanzania’s minerals boom continues to grow fast, with gold production leading, moving the country towards a place in the world league of gold producers."
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Tanzania – A New Lodestar for Africa?
If Nyerere was Tanzania's headmaster and Mkapa was its management guru, Kikwete is its font of youthful energy - but a thoughtful one. He is Africa's Bill Clinton - driven by ideas, charismatic, clear minded, a communicator who likes nothing more than to step into a crowd and parley with it. A moderate Muslim in a dangerous neighborhood, he has become a favorite of President George W. Bush who has granted him the kind of access once reserved solely for Africa's big economic powers, Nigeria and South Africa.
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