Australian-based exploration company has threatened to seize one of Air Tanzania Company Limited’s (ATCL) planes

Australian-based exploration company Indiana Resources has threatened to seize one of Air Tanzania Company Limited’s (ATCL) planes in connection with a nearly $100 million compensation claim. The company claims to have lost millions in a nickel project in the country and is therefore seeking significant compensation from the government, Indiana Resources is an Australian-based mining company exploring rare earth elements, gold, and base metals.The company is pursuing an arbitration claim against the government of Tanzania for illegal expropriation and the loss of the Ntaka Hill Nickel Project. .However, Tanzania’s Attorney General, Dr Eliezer Feleshi, on Saturday told The Citizen that the circulating information over ATCL seizure threats is “mere speculation because there was an ongoing case that was at the hearing stage. What could be the effect of threats on the company?