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BHP To Make A $50 Million Investment In Tanzania's Kabanga Nickel Mine

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BHP is one of the companies heeding the call to accelerate the mining of nickel and extending its reach by making an initial $50 million investment in Kabanga Nickel (northwestern Tanzania) and Lifezone, with further investments to be agreed.

Kabanga is the largest development-ready nickel sulphide deposit in the world. Located in western Tanzania, it has contained in-situ nickel equivalent resources estimated at 1.86 million tonnes and an in-situ nickel equivalent grade of 3.44%.

Further US$10 million investment from BHP to progress Lifezone’s low-carbon hydrometallurgical processing technology which is more cost-efficient than smelting and has a significantly lower environmental impact. Kabanga Nickel Limited is a UK registered private company. Chris Showalter, Kabanga Nickel CEO, said: “We are delighted to announce this partnership with BHP. It highlights the world-class nature of the Kabanga deposit and its importance in helping meet the crucial decarbonisation challenge facing the world today. BHP is the ideal partner for Kabanga Nickel, bringing significant advantages and expertise that will enable us to move ahead with the project.

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