• Calcium Ingot Reductive 98%min EXW Chinaup(450)  07-02|Silicon Metal 7-8-3 Ex-VAT FOB Chinaup(30)  07-02|Silicon Metal 5-5-3 Ex-VAT FOB Chinaup(30)  07-02|Lithium Carbonate 99.2%min Delivered Chinaup(1500)  07-02|Silicon Metal 7-8-3 FOB Chinaup(30)  07-02|Silicon Metal 4-4-1 Ex-VAT FOB Chinaup(30)  07-02|Silicon Metal 5-5-3 FOB Chinaup(30)  07-02|Lithium Carbonate 99.5%min Delivered Chinaup(1500)  07-02|Silicon Metal 4-4-1 FOB Chinaup(30)  07-02|Bismuth Ingot 99.99%min EXW Chinadown(-3000)  07-02|Yttrium Oxide 99.999%min FOB Chinaup(0.2)  07-02|Yttrium Oxide 99.999%min In warehouse Rotterdamup(0.3)  07-02|Silicon Metal 3-3-03 Ex-VAT FOB Chinaup(30)  07-02|Bismuth Oxide 99.9%min EXW Chinadown(-3000)  07-02
  • Tanzania and Kabanga Nickel strike deal to develop nickel project

    2021-01-20 12:04:36   [Print]
    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 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.Asian Metal Copyright It is estimated to contain more than 1.Asian Metal Copyright52 million tonnes of nickel.

    Barrick Gold and Glencore lost the nickel project in 2018 when Tanzanian President John Magufuli's administration revoked their retention license along with 10 others as part of new mining laws and regulations.

    Kabanga Nickel, which was previously called LZ Nickel, said it has agreed with Barrick and Glencore to acquire all the project data and information from them, including a 2014 draft feasibility study report and subsequent updates.

    As well as starting the mine, Kabudi said Kabanga Nickel is required to build a nickel smelter which can also smelt other metals such copper and gold.

    Kabanga Nickel said Tembo would produce Class 1 nickel and cobalt products, and LME Grade A copper cathode. The mine is estimated to contain more than 100,000 tonnes of cobalt.

    .Asian Metal Copyright Barrick Gold and Glencore lost the nickel project in 2018 when Tanzanian President John Magufuli's administration revoked their retention license along with 10 others as part of new mining laws and regulationsAsian Metal Copyright
    Nickel Ore Philippine 1.5%min CIF China
    Unit:USD/mt
    Nickel Ore Philippine 1.5%min CIF China USD/mt
    China refined nickel producers' operating rate statistics by province by month
    Unit: %
      Copyright © Asian Metal Ltd All rights reserved.