(3 Minutes Read)
Washington spoke of the importance of Tanzania in helping to link the corridor from the Atlantic to the Indian Ocean, making it easier for investments in natural resources lying in Angola, the Democratic Republic of Congo, Zambia and Tanzania.
The US is roping Tanzania into the mooted Lobito Corridor project to tap the Kabanga nickel deposit but with a wider focus on rivalry with China in areas where development will take place.
Washington spoke of the importance of Tanzania in helping to link the corridor from the Atlantic to the Indian Ocean, making it easier for investments in natural resources lying in Angola, the Democratic Republic of Congo, Zambia and Tanzania.
In Tanzania, however, Washington wants to tap into the country’s minerals, particularly its nickel mines. Located in north-western Tanzania, some 120km south-west of Lake Victoria and near the border with Burundi, the Kabanga deposit is considered to be one of the largest and richest undeveloped nickel sulphide deposits known at present, of unrivalled scale and grade.
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Mining companies have explored and delineated these deposits, but they remain undeveloped due to their distance to the Indian Ocean coast and a lack of transport and energy infrastructure. Nickel, a silvery metal that resists corrosion even at high temperatures, coats other metals to protect them. But it is most commonly used to make alloys such as stainless steel.
