The Government and investors from three countries on Tuesday signed a joint venture agreement for the extraction of nickel, kobellite and copper at Kabanga in Kagera Region.
President John Magufuli witnessed the signing in Bukoba Municipality in a deal that will see the Government get 50 per cent of the proceeds and another 50 per cent will go to investors from the United States, the United Kingdom and Australia.
The mining will be carried out under the newly established Tembo Nickel, to oversee production of the mineral.
No comments:
Post a Comment