Cateme, Mozambique — 07 August 2012 – The government of Mozambique has revealed that iron ore and titanium deposits with estimated reserves of 5Mt have been found and inventoried during prospecting activities carried out by the country’s Ministry for Mining Resources in the Tete province.
At the opening of the 27th Coordinating Council here, mining resources minister Esperanca Bias said that the pre-feasibility study for construction of an iron foundry in the Tenge area, some 50km from the city of Tete, was about to be concluded.
“We expect to launch heavy industry for production of iron and steel in Mozambique, with an investment of US$690 million,” said Bias, quoted by Macauhub News Agency.
The minister also gave assurances that by the end of this year technical and economic feasibility studies would be concluded for exploration of phosphates in Evate, in the Monapo district of Nampula province, and for their use at a chemical complex for fertiliser production, which may be built in Nacala for an investment of around US$3 billion.
Bias said that since 2007 four mining concessions had been granted for coal mining in Tete province, and that the companies operating in Moatize had started production and export of coal in the second half of 2011. By the end of the first quarter of 2012 production had totalled over 2Mt, she noted. “This amount is more than three times the biggest ever annual production in Mozambique,” she added.
Source: Macauhub News Agency. For more information, click here.