milele amina
JF-Expert Member
- Aug 16, 2024
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Watanganyoka tunapigwa na kitu kizito.
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Yulho announced on the 12th that its global mining development and trading subsidiary "Yulho Tanzania" has established a joint venture "LOK Mining Company" with a local partner.
After securing the right to explore local nickel and graphite mines, LOK is in the process of acquiring additional exploration rights. Starting with the establishment of the joint venture, the project is expected to accelerate further.
In order to conduct mining development and trading business in Tanzania, a 'exploration license' and a 'mining license' granted by the Tanzanian government are required. It is efficient to conduct business in the form of joint ventures with Tanzanian companies because it is not easy for foreign companies to obtain licenses under the law and takes a lot of time.
The nickel mines that LOK first secured exploration rights are four mines near Lindy, covering an area of 7,488 hectares.
It has also secured graphite mines and is registering exploration rights. It is a total of 4,5407 hectares. "In particular, nickel mines plan to acquire additional exploration rights and mining operations rights with the aim of securing raw mines for sun and concentration," a company official said.
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Yulho announced on the 12th that its global mining development and trading subsidiary "Yulho Tanzania" has established a joint venture "LOK Mining Company" with a local partner.
After securing the right to explore local nickel and graphite mines, LOK is in the process of acquiring additional exploration rights. Starting with the establishment of the joint venture, the project is expected to accelerate further.
In order to conduct mining development and trading business in Tanzania, a 'exploration license' and a 'mining license' granted by the Tanzanian government are required. It is efficient to conduct business in the form of joint ventures with Tanzanian companies because it is not easy for foreign companies to obtain licenses under the law and takes a lot of time.
The nickel mines that LOK first secured exploration rights are four mines near Lindy, covering an area of 7,488 hectares.
It has also secured graphite mines and is registering exploration rights. It is a total of 4,5407 hectares. "In particular, nickel mines plan to acquire additional exploration rights and mining operations rights with the aim of securing raw mines for sun and concentration," a company official said.
