Tanzanian Royalty Exploration and China-based Jinchuan Mining have entered into a JV to explore and develop Kabanga nickel properties in Ngara district of Kigoma region. Tanzanian Royalty Exploration said that following conclusions of an optional agreement with Beijing Songshanheli Mining Investment Co. Ltd, which previously held the properties under an exclusive agreement with Tanzanian Royalty, Jinchuan Mining has agreed to act as operator and hold complete financial responsibility for all exploration activities on the nickel exploration licenses. Tanzanian Royalty will facilitate the entry of the two Chinese companies into the Tanzanian economy, which ranks among the fastest growing on the African continent.
