trending Market Intelligence /marketintelligence/en/news-insights/trending/zvsTk--8q2cwQMv3mNuezQ2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Barrick, Glencore executives expect new license for Kabanga nickel JV


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021


Q&A: Data That Delivers - Automating the Credit Risk Workflow


Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1

Barrick, Glencore executives expect new license for Kabanga nickel JV

Executives from Glencore PLC and Barrick Gold Corp. still expect the Tanzanian government to issue a new license for the companies' Kabanga nickel joint venture, despite earlier reports that the current license was revoked as part of a new mining regime in the country, Bloomberg News reported May 13, citing a Barrick spokesman.

Reuters recently reported that the retention license for Kabanga was one of 11 the government canceled under 2018 mining regulations. Retention licenses are granted to holders of a prospecting license after they identify a mineral deposit of potential commercial significance that cannot be immediately developed.

"Glencore and Barrick expect to receive a prospecting license and look forward to continuing the constructive relationship that exists with both the Government of Tanzania and the communities in the area of the project," Barrick spokesman Andy Lloyd told Bloomberg.

The companies applied for a prospecting license to replace Kabanga's retention license, which was set to expire in 2019. Lloyd said the new license will be valid for four years.