Mozambique’s northern Tete province, not only holds significant coal resources, but also magnetite, albeit laced with titanium and vanadium. London stock exchange listed Baobab Resources has big plans for its resource. If all goes according to plan, CEO Ben James says he wants to export his first pig iron to market in 2016. The reason the company will be making pig iron, which involves the building of a smelter in Tete, is because of the vanadium and titanium. It is similar to South Africa, where the Bushveld iron ore contains magnetite with titanium and vanadium.