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Kabanga’s Tanzania Mine May Answer Elon Musk’s Nickel Plea
- Miner says it is holding talks with potential investors
- Company aims to supply nickel, cobalt cathodes from 2024
Elon Musk
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Kabanga Nickel Ltd. is seeking to raise $1.3 billion for a massive mining project in Tanzania that the company says could help ease electric-vehicle manufacturers’ insatiable demand for nickel.
“We are accelerating these kind of discussions as quickly as possible,” Chief Executive Officer Chris Showalter, a former investment banker, said in an interview. “Because of the quality of the project, we have developed substantial interest.”