Tanzania nickel producer Lifezone Metals to list in New York

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Tanzania nickel producer Lifezone Metals to list in New York
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Lifezone Metals, which plans to mine nickel in Tanzania with a low carbon footprint, will list in New York in a deal with blank-check acquisition firm GoGreen Investments.

Lifezone Metals, which plans to mine nickel in Tanzania with a low carbon footprint, will list in New York in a deal with blank-check acquisition firm GoGreen Investments, the companies said on Tuesday.

The Kabanga refinery will use hydrometallurgical technology developed by Lifezone that employs water-based solutions to separate metal from waste rock more efficiently than the traditional energy-intensive smelting process of heating ore at extremely high temperatures. The mine was previously owned by Barrick Gold and Glencore until Tanzanian President John Magufuli’s administration revoked their retention licence in 2018.

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