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Tanzanian Royalty Exploration Corp Forms New Subsidiary To Explore Kabanga Nickel, Cobalt And Platinum Group Metals Belt-China Weekly News


Sunday, 9 Dec 2012 07:00pm EST 

China Weekly News reported that Tanzanian Royalty Exploration Corp announced the formation of a new subsidiary to explore the Kabanga nickel, cobalt and platinum group metals belt in Tanzania. The name of this company is Northwestern Basemetals Company Limited. It will be owned 75% by Tanzanian Royalty Exploration Corp, 15% by Stamico, the State Mining Corporation of Tanzania, and 10% by Beijing Songshanheli Mining Investment Co., a Beijing mining company. 

Company Quote

2.55
0.07 +2.82%
1:28pm EDT