Lifezone Metals, an American company, has secured a license to operate a multi-metal processing plant in Tanzania, announced its president Chris Showalter in a recent press release.
Situated in the special economic zone of the Kahama district, the factory aims to refine the future production of the Kabanga nickel project, catering to the rising demand in the global electric battery market.
Meanwhile Tanzanian Minister of Mines, Anthony Mavunde, highlighted the refinery’s significance, stating that it will provide a crucial avenue for other mining companies in Tanzania. Presently, these companies are compelled to export their metal concentrates abroad for refining.
Regional commissioner of Shinyanga, Anamringi Macha, emphasized the positive impact of the initiative on the local economy.
He noted that the investment in the multi-metal refinery will create new employment opportunities, both formal and informal, for citizens in the Kahama district and Shinyanga region.
Lifezone Metals also revealed that a definitive feasibility study for the future mine is on track to be completed by the third quarter of 2024. This development sets the stage for a new era of mining advancement in Tanzania.
It is noteworthy that the Tanzanian government holds a 16% stake in the Kabanga nickel project and the forthcoming multi-metals refinery, which will be jointly managed with Lifezone Metals holding the majority share of 84%.
