EX-8.1 7 ex8-1.htm LIST OF SUBSIDIARIES*

Exhibit 8.1

LIST OF SUBSIDIARIES

Name of Subsidiary	Jurisdiction of Incorporation	Percentage &Type of Securities Owned or Controlled by Company
Name of Subsidiary	Jurisdiction of Incorporation	Voting Securities Held	Non-Voting Securities
Itetemia Mining Company Limited⁽¹⁾	Republic of Tanzania, Africa	90% (common)	n/a
Lunguya Mining Company Ltd.⁽²⁾	Republic of Tanzania, Africa	60% (common)	n/a
Tancan Mining Company Limited	Republic of Tanzania, Africa	100% (common)	n/a
Tanzania American International Development Corporation 2000 Limited	Republic of Tanzania, Africa	100% (common)	n/a
Buckreef Gold Company Limited⁽³⁾	Republic of Tanzania, Africa	55% (common)	n/a
Northwest Base Metals Company Limited⁽⁴⁾	Republic of Tanzania, Africa	75% (common)	n/a

⁽¹⁾ The remaining 10% interest is held by State Mining Corporation.

⁽²⁾ The remaining 40% interest is held by Northern Mining and Consultancy Company Ltd.

⁽³⁾The remaining 45% interest is held by State Mining Corporation.

⁽⁴⁾

The remaining interest is held 15% by State Mining Corporation and 10% by Beijing Songshanheli Mining Investment Co.