CAPITAL MARKETS

Xstrata, Barrick inject more cash into Tanzania project

SWISS major Xstrata will invest a further $US95 million ($A121.3 million) into its Kabanga nickel joint venture with Barrick Gold in Tanzania, which has received a dose of good news with a 37.5% upgrade to its resource estimate and the start of a pre-feasibility study.

Rebecca Lawson

Xstrata, Barrick inject more cash into Tanzania project

Kabanga’s total estimated inferred resource for the North, MNB and the new Tembo zone was responsible for the notable increase, climbing from 26.4 million tonnes at 2.6% nickel to 36.3Mt grading 2.8% nickel....

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Equinox signs first Lumwana deal
PREVIOUS: Magnesium play pulls stumps on Egypt, AIM

MOST POPULAR

1

CAPITAL MARKETS

Executive Outcomes: Toubani, Stellar and more

2

CAPITAL MARKETS

The long-term case for gold: Gold Forum Americas 2024

3

MINERS

Regis re-jigs McPhillamys-less growth plans: Gold Forum Americas 2024

4

PRECIOUS METALS

The rise and rise of gold

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902