USD 942M Kabanga Nickel Project Moves Closer to Implementation, FID Expected in 2026

The Kabanga Nickel Project has moved closer to implementation after Lifezone Metals (NYSE: LZM) Executive Chairman Keith Liddell and Treasury Registrar Nehemiah Mchechu briefed President Samia Suluhu Hassan on 8 June 2026, with both sides confirming an agreed project structure and turning to finalise the refinery and beneficiation component. The USD 942 million project is targeting a final investment decision in 2026 and is expected to generate USD 2.4 billion in corporate income taxes and around 1,090 jobs.