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.
Govt, investors agree on 50/50 nickel mining joint venture
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Govt, investors agree on 50/50 nickel mining joint venture
THE government and investors from three countries yesterday signed a joint venture agreement for the extraction of nickel, kobellite and copper at Kabanga in Kagera Region.
President John Magufuli.
President John Magufuli witnessed the signing in Bukoba municipality in a deal that will see the government get 50 per cent of the proceeds and another 50 will go to investors from the United States, the United Kingdom and Australia.
The mining will be carried out under the newly established Tembo Nickel, to oversee production of the mineral, he said, commending negotiating teams of both sides for reaching this accord, expressing confidence that Tanzania will continue to be a great place for investment.