Tanzania: Bhp Buys Stake in Tanzanian Nickel Deposit

BHP will buy a minority stake in a Tanzanian nickel project, as the world's biggest miner seeks to expand in commodities that will be central to the green-energy transition. Kabanga is a development-ready, high-grade nickel sulphide deposit located in the Ngara District in Kagera Region.

It is estimated to have more than 1.52 million tonnes of nickel. BHP, a global resources company and producer of various commodities, including copper and uranium, copper smelter, copper refinery and precious metals will initially invest 40 million US dollars (about 92bn/-) in Kabanga Nickel and 10 million US dollars (about 23bn/-) in Lifezone, which owns the processing technology, the smaller company said in a statement.

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