Tanzanian Royalty Concludes Definitive Agreement for Mwadui Diamond Project With Kazakh-Funded Company
Tanzanian Royalty (Toronto:TNX) (AMEX:TRE) is pleased to announce the signing of a Royalty Agreement with Kazakh Africa Mining Ltd. for its 21 Mwadui Project Area diamond licenses in the Lake Victoria Greenstone Belt of Tanzania.
Two of Kazakh Africa's directors hold prominent positions with the Almatyenergoservice Ltd., a Kazakhstan-based energy company. Kazakhstan is the largest of the former Soviet republics after Russia and it possesses enormous fossil fuel reserves. Its industrial sector relies heavily on the extraction and processing of natural resources.
- Published: 29 January 2009
- Written by Editor