{"id":78424,"date":"2023-02-20T08:07:46","date_gmt":"2023-02-20T08:07:46","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested"},"modified":"2023-02-20T08:30:18","modified_gmt":"2023-02-20T08:30:18","slug":"kabanga-nickel-project-on-course-as-additional-120bn-invested","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested","title":{"rendered":"Kabanga nickel project on course as additional 120bn\/- invested"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>ONE of the world\u2019s leading resource companies, BHP has completed the investment of additional 50 million US dollars (about 120bn\/-) for Kabanga Nickel project in Ngara District, Kagera Region.<\/p>\n

According to a statement on Sunday by Tembo Nickel Limited, this additional amount brings BHP\u2019s total investment for the project to 100 million US dollars (about 240bn\/-).<\/p>\n

This also increases BHP\u2019s interest in Kabanga Nickel Limited to 17 per cent and will accelerate the project development. On January 10th last year, BHP invested initial 50 million US dollars in Tembo Nickel\u2019s Kabanga Nickel project in Ngara. This initial tranche of funding included 40 million US dollars for Kabanga Nickel and 10 million for Lifezone Limited.<\/p>\n

The Kabanga Project will be using Lifezone Limited\u2019s hydrometallurgy technology (“Hydromet\u201d that replaces smelting) at the Multi Metals Processing Facility to be installed in Kahama. This initial investment gave the giant miner an initial 8.9 per cent stake in Kabanga.<\/p>\n

BHP\u2019s return to Africa after a long absence (2015) and through Tanzania was a clear signal to the world and mining community that Tanzania has not only much sought after mineral resources but that it has garnered investor confidence for a fair return and win \u2013 win agreements with government.<\/p>\n

Towards the end of 2022 in mid-December, Lifezone Metals, Tembo Nickel\u2019s ultimate parent company that comprises Kabanga Nickel Limited and Lifezone Limited announced its intention to list on the New York Stock Exchange.<\/p>\n

This listing will give Lifezone Metals access to one of the world\u2019s largest sources of funds, adding more momentum to the further development of the Kabanga Nickel project. This proposed listing will not result in any change in control of Tembo Nickel.<\/p>\n

Tembo Nickel, a subsidiary of Lifezone Metals was formed in a framework agreement in January 2021 by Kabanga Nickel Limited and the government of Tanzania. The government has a 16 per cent shareholding.<\/p>\n

Tembo Nickel will benefit from the metal expertise of Lifezone Metals using its Hydromet technology to refine the high purity nickel in a much more economic and environmentally friendly manner. It will also gain considerably from the financial and technical expertise of BHP.<\/p>\n

\u201cTembo Nickel will definitely be a game changer in terms of skills transfer for the Tanzanian job market and introduction of a new refinery technology in Tanzania, which will also serve as a metal refining hub for the region.\u201d says Tembo Nickel Country Manager Benedict Busunzu.<\/p>\n

Recent test results show Kabanga Nickel\u2019s concentrate is amenable to the Hydromet technology, further supporting the refining technology that will mean in-country beneficiation of metals.<\/p>\n

The investment of the additional 50 million US dollars will see the second tranche go towards further resource definition drilling and the definitive feasibility study.<\/p>\n

\u201cOur partnership with BHP provides additional funding and enhances our engineering expertise.\u201d Lifezone Metals CEO Chris Showalter has stated. DRA Global Limited has been appointed lead for the definitive feasibility study- consulting engineer with Orewin as the lead mining consultant.<\/p>\n

The Tembo Nickel valuation and asset survey is now 98 per cent completed, paving way for the next steps in the process towards compensation and early works.<\/p>\n

The Kabanga Nickel project is believed to be the largest and highest quality development-ready nickel sulphide deposit in the world and is expected to start production in 2026. Production estimates are in the order of 65,000 tonnes a year over 30 years, of which 40,000 tonnes will be nickel and 25,000 tonnes copper and cobalt by products.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. ONE of the world\u2019s leading resource companies, BHP has completed the investment of additional 50 million US dollars (about 120bn\/-) for Kabanga Nickel project in Ngara District, Kagera Region. According to a statement on Sunday by Tembo Nickel Limited, this additional amount brings BHP\u2019s total investment for the project to 100 million […]<\/p>\n","protected":false},"author":84,"featured_media":78423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6990,6991,711],"class_list":["post-78424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nKabanga nickel project on course as additional 120bn\/- invested - Tanzania<\/title>\n<meta name=\"description\" content=\"ONE of the world\u2019s leading resource companies, BHP has completed the investment of additional 50 million US dollars (abo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kabanga nickel project on course as additional 120bn\/- invested\" \/>\n<meta property=\"og:description\" content=\"ONE of the world\u2019s leading resource companies, BHP has completed the investment of additional 50 million US dollars (abo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-20T08:07:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-20T08:30:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kabanga nickel project on course as additional 120bn\/- invested\",\"datePublished\":\"2023-02-20T08:07:46+00:00\",\"dateModified\":\"2023-02-20T08:30:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested\"},\"wordCount\":589,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested\",\"name\":\"Kabanga nickel project on course as additional 120bn\/- invested - Tanzania\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg\",\"datePublished\":\"2023-02-20T08:07:46+00:00\",\"dateModified\":\"2023-02-20T08:30:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"ONE of the world\u2019s leading resource companies, BHP has completed the investment of additional 50 million US dollars (abo ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg\",\"width\":1900,\"height\":900,\"caption\":\"Kabanga nickel project on course as additional 120bn\/- invested\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/tanzania\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kabanga nickel project on course as additional 120bn\/- invested\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/\",\"name\":\"Tanzania\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kabanga nickel project on course as additional 120bn\/- invested - Tanzania","description":"ONE of the world\u2019s leading resource companies, BHP has completed the investment of additional 50 million US dollars (abo ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested","og_locale":"en_US","og_type":"article","og_title":"Kabanga nickel project on course as additional 120bn\/- invested","og_description":"ONE of the world\u2019s leading resource companies, BHP has completed the investment of additional 50 million US dollars (abo ...","og_url":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested","og_site_name":"Tanzania","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-02-20T08:07:46+00:00","article_modified_time":"2023-02-20T08:30:18+00:00","og_image":[{"width":1900,"height":900,"url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Kabanga nickel project on course as additional 120bn\/- invested","datePublished":"2023-02-20T08:07:46+00:00","dateModified":"2023-02-20T08:30:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested"},"wordCount":589,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg","keywords":["Africa Press","Africa Press-Tanzania","tanzania"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested","url":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested","name":"Kabanga nickel project on course as additional 120bn\/- invested - Tanzania","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg","datePublished":"2023-02-20T08:07:46+00:00","dateModified":"2023-02-20T08:30:18+00:00","author":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"ONE of the world\u2019s leading resource companies, BHP has completed the investment of additional 50 million US dollars (abo ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#primaryimage","url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg","contentUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2023\/02\/postQueueImg_1676867910.23.jpg","width":1900,"height":900,"caption":"Kabanga nickel project on course as additional 120bn\/- invested"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/kabanga-nickel-project-on-course-as-additional-120bn-invested#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/tanzania\/"},{"@type":"ListItem","position":2,"name":"Kabanga nickel project on course as additional 120bn\/- invested"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/tanzania\/#website","url":"https:\/\/www.africa-press.net\/tanzania\/","name":"Tanzania","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/78424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/comments?post=78424"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/78424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media\/78423"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media?parent=78424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/categories?post=78424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/tags?post=78424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}