Tanzania’s Kabanga Nickel Project is set to open up thousands of employment opportunities as it moves closer to production, following a fresh boost of USD 60 million from Taurus Mining Finance Fund for early works and infrastructure.
The project, jointly owned by Lifezone Metals (84 percent) and the Government of Tanzania (16 percent), is expected to produce more than 30,000 tonnes of nickel each year under the leadership of President Samia Suluhu Hassan.
Over its 18-year life span, the mine will process 52.2 million tonnes of ore containing nickel, copper, and cobalt.
A modern processing plant will generate 3.4 million tonnes of concentrate annually, with officials projecting an average production cost of USD 3.36 per pound of nickel.
Beyond the figures, the project is expected to create 800 direct jobs and more than 3,000 indirect ones, benefitting communities through services, supply chains, and support industries.
The government says the investment is not only a step forward in unlocking Tanzania’s mineral wealth but also a contribution to improving livelihoods by expanding job opportunities and boosting local economic activities.
Communities in Ngara District, where the project is located, are expected to benefit from better infrastructure and opportunities for small businesses that will serve the mine and its workforce.
By increasing value addition and strengthening the mining sector, the Kabanga Nickel Project positions Tanzania as a key player in the global demand for battery minerals while ensuring citizens gain from the country’s natural resources.