Sinclair boots up nickel-cobalt-PGM focused company in Tanzania

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Jim Sinclair to focus on Kabanga metal belt in Tanzania with new exploration company owned by TNX. SEATTLE, WA, 30 Nov 2012 (MINEWEB) – Tanzanian Royalty Exploration (TSX: TNX), headed up by mineral exploration entrepreneur Jim Sinclair, said it was creating a new company that would explore Tanzania’s Kabanga metal belt for nickel, cobalt and platinum group metals (PGM).

First Quantum ‘surprised and disappointed’ at Inmet Mining’s rejection of C$4.86b offer

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While some suggest First Quantum Minerals may not want to engage in a hostile takeover of Canadian copper miner Inmet, additional offers could be forthcoming from other companies. First Quantum Minerals confirmed Thursday that it had approached Inmet Mining on October 28th “on a friendly basis to discuss a possible combination of the two mining companies.