EX-8.1 16 ex81.htm LIST OF SUBSIDIARIES

Exhibit 8.1

 

 

Picture 2 

 

 

 

LIST OF SUBSIDIARIES

 

 

Name of Subsidiary

Jurisdiction of Incorporation

Percentage &Type of Securities Owned or Controlled by Company

Voting Securities Held

Non-Voting Securities

Itetemia Mining Company Limited

Republic of Tanzania, Africa

90%  (1)
common shares

N/A

Lunguya Mining Company Ltd.

Republic of Tanzania, Africa

60% (2)
common shares

N/A

Tancan Mining Company Limited

Republic of Tanzania, Africa

100%
common shares

N/A

Tanzania American International Development Corporation 2000 Limited

Republic of Tanzania, Africa

100%
common shares

N/A

Buckreef Gold Company Limited (BGCL)

Republic of Tanzania, Africa

55% (3)
common shares

N/A

Northwest Basemetals Company Limited

Republic of Tanzania, Africa

75% (4)
common shares

N/A

BGCL/AGC Joint Venture (6)

Republic of Tanzania, Africa

40% (5)
common shares

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 Songshan. 

(5)The remaining interest is held 60% by Allied Gold Corp. of United Arab Emirates. 

(6)Joint venture letter of intent signed and subject to final approval.