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BHP-backed Tanzania nickel miner in talks for offtake contracts
BHP Group-backed Lifezone Metals, which is developing a nickel mine in Tanzania, is negotiating supply deals with several electric vehicle manufacturers and battery makers as the race for energy transition metals intensifies, its CEO said.
The process run by RBC Capital Markets to sell yet-to-be-produced metal from Lifezone’s Kabanga Nickel project has attracted strong interest from EV and battery companies, some of which have been to the mine site, CEO Chris Showalter said.
Via the deals currently under discussion, Lifezone could sell its share of output, equivalent to 40% of the metal produced at the facility, to help raise the capital it requires for the mine’s development, Showalter said.
With BHP’s backing, there is potential to expand on plans to produce about 60,000 tons of refined nickel from initial expectations of about 40,000 tons, Showalter said.
Mining is expected to start toward end of 2026.
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- [Editor:邢亚敏]
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