Exhibit 8.1
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. |