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Glencore, Barrick expect prospecting licence for Tanzania nickel project

Glencore, Barrick expect prospecting licence for Tanzania nickel project

Glencore, Barrick expect prospecting licence for Tanzania nickel project LONDON, May 14 (Reuters) – Global miners Glencore and Barrick Gold expect to receive a prospecting licence for a nickel joint venture in Tanzania after the government cancelled its retention licence, Barrick said. The retention licence of the undeveloped Kabanga nickel project was one of 11 licences cancelled as part of enforcement of a new mining regulations which were approved in January. Retention licences are granted to mining companies that want to hold the rights to a deposit, but cannot develop that area immediately due to technical constraints, adverse m...

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