Lifezone Metals secures $60 million loan for Tanzania’s Kabanga Nickel Project

Dar es Salaam. The highly anticipated Kabanga Nickel Project in Tanzania has received a major financial boost, with UK mining firm Lifezone Metals securing a $60 million loan from Australian investment company Taurus Mining Finance Fund.

According to the firm, the loan will support initial groundwork, including site preparation and infrastructure enhancements, crucial steps toward a final investment decision expected by mid-2026.