Tanzanian Royalty Exploration announces the formation of a new company to explore the Kabanga Nickel, Cobalt and Platinum Group Metals belt
Tanzanian Royalty Exploration Corporation is pleased to announce the formation of a
new company to explore the Kabanga nickel, cobalt and platinum group metals belt in
Tanzania. The name of this company is Northwestern Basemetals Company Limited. It
will be owned 75% by Tanzanian Royalty Exploration Corporation, 15% by Stamico, the
State Mining Corporation of Tanzania, and 10% by Beijing Songshanheli Mining
Investment Co., a Beijing mining company. Jinchuan Mining will not participate.