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AB Minerals Corp. Team Meets with the Tanzanian Minister of Minerals

The Minister was updated on the progress of the ABM/African Minerals & Geosciences Centre (AMGC) Joint Venture, which is the basis of how the parties will work together on the installation and operation of the Dar es Salaam smelter. In September, the companies signed an initial Memorandum of Understanding which is now advancing to an Operating Agreement. In a meeting yesterday at AMGC and chaired by Assa Mwakilembe, Tanzania Ministry of Energy & Minerals - Mines Inspector, final terms were concluded, and the parties are now drafting the final contract.

For Further Information Contact

Frank Balestra, CEO or

Curt Huber, Business Development 

 info@abmineralscorp.com

November 16, 2017 – Office of the Ministry of Minerals, Dar es Salaam, Tanzania – The AB Minerals (ABM) team, that included Frank Balestra, CEO, its Africa Development Advisor Frank Mugyenyi from the African Union Commission and investment bankers from Destiny Mineral and Agricultural Consultants in Dubai, Vimbai Chakanetsa and Dr. Silas Karambwe, met with the Honorable Angellah Kairuki, the Tanzanian Minister of Minerals to discuss ABM’s new 3,000 tonne per year coltan smelter project in Dar es Salaam.

L to R – Curt Huber, Business Development & Frank Balestra, CEO – AB Minerals, Hon. Angellah Jasmine Mbelwa Kairuki – Minister of Minerals, Tanzania, Vimbai Chakanetsa, Executive Chairman – Destiny Mineral and Agricultural Consultants (DMAC), Frank Mugyenyi – Senior Industry Advisor, Office of the Commissioner for Trade and Industry, African Union Commission, Dr. Silas Karambwe, Director-Planning & Corporate Strategy – DMAC

While at the Ministry, the ABM team had the opportunity to also meet with Benjamin Mchwampaka, the Commissioner for Minerals and Latifa Mtoro, the Assistant Commissioner, Mineral Beneficiation and Value Addition Section and senior Board Member of AMGC.


"The Coltan Smelting Project is opening a new paradigm in the effective sustainable mineral resource management in Africa. The project, driven by pioneering chemical technology in the processing of tantalite, will have significant impact on the whole value chain because it is based on a "zero waste" model thus its economic multiplier is not only limited to the smelting of tantalite, but it extends to both the upstream small to medium scale suppliers of ore right through to the downstream users of the plant by-products”, stated Vimbai Chakanetsa, Executive Chairman of DMAC.

While at the Ministry, the ABM team had the opportunity to also meet with Benjamin Mchwampaka, the Commissioner for Minerals and Latifa Mtoro, the Assistant Commissioner, Mineral Beneficiation and Value Addition Section and senior Board Member of AMGC.

L to R - Frank Balestra, Vimbai Chakanetsa, Frank Mugyenyi, Latifa Mtoro, Assistant Commissioner, Mineral Beneficiation and Value Addition Sector, Ministry of Energy and Minerals, Tanzania, and senior Board Member of AMGC