We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Dar es Salaam — Tanzania has revoked a retention licence for an undeveloped nickel project jointly owned by Barrick Gold and London-listed miner Glencore as part of enforcement of a new mining regime. The licence for the Kabanga nickel project in northwestern Tanzania was among 11 retention licences cancelled by the government under the Mining (Mineral Rights) Regulations of 2018 approved in January. A retention licence is granted to holders of a prospecting licence after they identify a mineral deposit within an area that is potentially of commercial significance but cannot be immediately developed due to technical constraints, adverse market conditions or other factors. "The mining commission would like to inform all owners of retention licences that the licences have been cancelled," commissions chairman Idris Kikula said in a statement. Under legislation passed in July 2017, the mining commission has been given extensive powers to regulate and monitor mining in Tanzania. Barrick...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.