Exhibit (10)(b)
List of Subsidiaries
Name of Subsidiary | Jurisdiction of Incorporation | Percentage &Type of Securities Owned or Controlled by Company | |
Voting Securities Held | Non-Voting Securities | ||
Dia Consult Limited | Republic of Tanzania, Africa | 100% (common) | n/a |
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 |
Kabahelele Mining Company Limited(3) | Republic of Tanzania, Africa | 80% (common) | n/a |
Tancan Mining Company Limited (“Tancan”) | Republic of Tanzania, Africa | 100% (common) | n/a |
Tanzania American International Development Corporation 2000 Limited | Republic of Tanzania, Africa | 100% (common) | n/a |
(1)
The remaining 10% interest is held by Stamico.
(2)
The remaining 40% interest is held by Northern Mining Consulting Ltd.
(3)
The remaining 20% interest is held by Bungu Minerals Ltd.