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Lake Victoria Gold appoints Tanzanian-led EPCM team for Imwelo Gold Project, advancing construction plans.

Company Fundamentals
02 Jul 2026
Newsfile Corp
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Bullish
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Lake Victoria Gold's Tanzanian subsidiary has appointed City Engineering Company Ltd. (CECL) as the primary EPCM contractor for the Imwelo Gold Project, with Sutton Consulting International providing international technical support. This Tanzanian-led structure, approved by the Mining Commission, consolidates engineering and development under local leadership, aligning with Tanzania's Mining Local Content Regulations. The move marks a key step toward final engineering, procurement, and construction preparation, supporting local participation and knowledge transfer. Financing efforts continue, including a potential $25 million gold loan facility, as the company advances toward mine construction readiness.

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