BHP to invest $50m to advance Tanzania nickel project

Image: Kabanga Nickel

BHP Group would make an investment of $40 million to develop a nickel project in Tanzania, Kabanga Nickel said on Monday, and $10 million for cleaner production technology, as the global miner, seeks to reduce its carbon footprint.

BHP will invest $40 million in privately-owned Kabanga Nickel, which is developing the nickel project, and $10 million in Lifezone Ltd, whose ore refining technology is considered more cost-efficient and environmentally friendly.

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