Tanzanian nickel deposit project is world’s largest
Published by: Sandy Bhadare at 08/02/2021 United Kingdom mining company Kabanga Nickel has taken advice from Clyde & Co on an agreement with th.
United Kingdom mining company Kabanga Nickel has taken advice from Clyde & Co on an agreement with the Government of Tanzania for the development of the world’s largest nickel deposit project.
Based in Northwest Tanzania, the multi-billion-dollar nickel deposit project comprises an on-site mineral resource of 58 million tonnes including over 1.52 million tonnes of nickel, a crucial material used in the manufacture of electric vehicles.
As part of the transaction,
Kabanga Nickel also acquired various historic project assets.
Green technology boost for African mining
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Lower-cost green technology project. 26th January 2021
JOHANNESBURG (miningweekly.com) – The key to unlocking value of Kabanga Nickel and enabling the full beneficiation of new era metals in Tanzania is an environment-friendly hydrometallurgy process that eliminates smelting and thus slashes the need for electricity.
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DAR ES SALAAM (Reuters) - Tanzania and UK-based mining firm Kabanga Nickel Limited signed a framework agreement on Tuesday to jointly develop the Kabanga nickel project formerly owned by Barrick Gold and Glencore.
Foreign minister Palamagamba Kabudi said during a signing ceremony in Bukoba that the government would own a 16% undiluted free-carried interest in the nickel project through a new joint venture company, Tembo Nickel Corporation, 84% owned by Kabanga Nickel.
By law, Tanzania’s government gets a 16% stake in all mining projects in the country.
Nickel is a key electric car battery material and Kabanga - in Tanzania’s northwest - is the world’s largest development-ready, high-grade nickel sulfide deposit, according to Kabanga Nickel. It is estimated to contain more than 1.52 million tonnes of nickel.