Partner #BHP’s exit will not affect #Kabanga project, says #Tembo #Nickel

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A group of construction workers in safety vests and helmets gathered at a mining site, with a large 'Ni' sign in the background, signifying nickel mining activities.

Dar es Salaam. The planned groundbreaking ceremony for the Kabanga Nickel Project, set for October this year, will go ahead as scheduled despite BHP Group’s decision t sell its 17 percent stake in Kabanga Nickel Limited (KNL) to Lifezone Metals Limited.

Lifzone, the parent company of KNL, announced on July 18 that it had completed a definitive agreement with BHP Billiton (UK) DDS Limited to acquire the mining giant’s entire equity interest in KNL. As a result, Lifezone now owns 100 percent of KNL, which in turn holds an 84 percent stake in Tembo Nickel Corporation Limited (TNCL) – the operating equity for the Kabanga project.

Read more at: https://www.thecitizen.co.tz/tanzania/news/national/partner-s-exit-will-not-affect-kabanga-project-says-tembo-nickel-5128920

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