Arusha, Tanzania — 25 October 2012 – African Eagle Resources plc says it plans to start construction of a nickel mine in Tanzania in 2014, with first production of the metal expected to begin in 2016.
The company reiterated that its Dutwa project, located around 100 km east of the gold-rich Mwanza region, had a resource of 110Mt at 0.9% nickel, reports Reuters.
“This represents around 1Mt of nickel metal,” said Aidan Schoonbee, project director of African Eagle’s Dutwa resource in a presentation to an energy and mining conference in the northern Tanzanian town of Arusha. “The anticipated life of mine is over 20 years,” he added.
Schoonbee said the company expected to apply for a mining licence next year, after conclusion of the environmental and social impact assessment of the project.
The AIM-listed exploration company says on its website that it plans to build an open pit mine to produce around 27,000tpa of nickel.
Source: Reuters Africa. For more information, click here.