Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Wednesday 27th of August 2014
Monday, July 16, 2007

Xstrata Nickel proceeds with Tanzanian project

Xstrata Nickel proceeds with Tanzanian project

Xstrata Nickel has reported that it expects its Kganga project in Tanzania to become operational in 2011.

The mine, which is located in the western region of Kagera, is a joint venture with Barrick Gold.

Construction is expected to begin in 2009 after the completion of feasibility studies being undertaken by Xstrata and Barrick Gold Tanzania, which already has a number of projects in the country.

Xstrata, which has invested US$95 million in the pre-feasibility stage of the development, believes that the Kabanga nickel project is one of the world’s most attractive undeveloped nickel sulphide deposits.

It has a total estimated indicated resource of 9.7 million tonnes grading 2.37 percent nickel and a total estimated inferred resource of 36.3 million tonnes grading 2.8 percent nickel.

However, recent reports in the Tanzanian press indicated that Kabanga is among the many areas in the country which have been heavily affected by illegal mining.

These allegations have been refuted by Tanzania’s Minerals Commissioner who has stated that activity at the Kabanga mine has been in connection with metallurgical testing.

When fully operational, the Kabanga nickel project could provide employment for over 2,000 people.

 


Related posts to: Xstrata Nickel proceeds with Tanzanian project

Xstrata approves New Caledonia nickel project ...

Xstrata increases stake in Indophil ...

Vale takeover of Xstrata reaches impasse ...

Lonmin rejects £5bn Xstrata bid ...

Hawthorne Gold closes first tranche of financing ...

Latest Metals News:

Latest News  Gold ends session lower in New York, but gains on week

Latest News  Gold prices retreat after setting new intraday high

Latest News  Gold closes at $1,666 per ounce in New York trade

Latest News  Gold prices at new records on disappointing US data

Latest News  Gold prices lower but comes off session lows on manufacturing data

Latest News  Gold sets new intraday, closing highs to end trading week in New York

Latest News  Copper rises; precious metals prices see declines

Latest News  Gold prices drop on profit-taking, stronger US dollar

Latest News  $1,616.80 per troy ounce: Another record high for gold

Latest News  Gold trades as high as $1,624.30 per ounce in New York


Previous: «
Next: »

Visited 5377 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):