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STAMIGOLD

Biharamulo Gold Mine formally known as Tulawaka Gold Mine is currently operated by STAMIGOLD Company Limited a subsidiary of the State Mining Corporation (STAMICO). It is located 160km south-west of Mwanza in the western part of the Lake Victoria Goldfield, in Biharamulo District, Kagera Region.

STAMIGOLD was incorporated on 28th October 2013 mandated to engage in prospecting, exploration, development, production, processing of gold and market gold within the country and foreign markets.

Initially the mine was known as Tulawaka Gold Mine and owned by African Barrick Gold (ABG). Due to gradual decrease of reserves, ABG ceased its operation in 2013 and transferred ownership of the mine and its surrounding exploration licenses to STAMICO so that the Corporation could operate it profitably as a medium scale for a period of not less than two years.

The Tulawaka Gold Mine was initially developed as an open-pit operation in 2005 whereby the East Zone deposit was mined and it was converted to underground mine operation in 2008. As the result of reserve decrease and high operating cost the operation ended by ABG in 2013.

STAMIGOLD Company Limited is a growing gold company having estimated resource of more than 200,000 troy ounces. The main ore body is located in the Western Zone and Moja Moja areas; with potential for near plant mining around the mineralized Eastern Zone.

Adjacent to the special mining licence there are a number of highly prospective grounds owned by STAMIGOLD Company Limited through a number of Prospecting Licenses (PLs).  Basing on the available resources, the STAMIGOLD Company Limited is expected to be operational for at least three years. This life of mine is expected to increase as more exploratory work is conducted in the area.

Please contact us for further information:

Managing Director
State Mining Corporation,
Plot No: 417/418 United Nations Road
P.O. Box 4958,
Dar es Salaam,
Tanzania.
Tel: +255 22 2150029
E-mail: info@stamico.co.tz
Twitter: @STAMICOTZ


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