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Tanzanian Royalty Exploration
Tanzanian Royalty Announces Participation of Jinchuan Mining In Program to Explore and Develop Kabanga Nickel Licenses
February 9th, 2010
Tanzanian Royalty Exploration is pleased to announce that a major Chinese metals company, Jinchuan Mining, has agreed to participate in the exploration and development of the Company's Kabanga nickel properties in northwestern Tanzania.
Following the recent conclusion of an option 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.
Jinchuan Group Limited (JNMC), the parent company of Jinchuan Mining,...
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Source: China Business Newsweekly (2010-02-09)