Ore Corp increases shareholding

Australian development company Ore Corp received approval from the Tanzanian Fair Competition Commission (FCC) to increase its interest in the Nyanzaga Mining Company Limited (NMCL) to 51%. However, the move remains subject to the approval of the newly established Mining Commission. The application for approval from the Mining Commission was lodged at the same time as the application was lodged at the FCC. The move is also dependent on the payment of $3-million to global investment company Acacia Group.