Dar es Salaam, Jan. 20 -- FORMATION of a joint venture firm, Tembo Nickel Corporation as a result of union between the government and UK-based LZ Nickel Limited, is expected to yield huge economic benefits and bring major transformation in the country's mining sector.

The government and the UK-based LZ Nickel Limited signed a framework agreement yesterday in Kagera Region to jointly develop the Kabanga nickel project.

Such benefits will be realised due to class one nickel found at the Kabanga mining through taxes, dividends, loyalties, creation of jobs, growth of business and technological advancement.

Minister for Foreign Affairs and East African Cooperation Prof Palamagamba Kabudi said the partnership has led to the establishment of ...