Maputo, Mozambique — 11 April 2013 – Gold One International Limited “’ a dual-listed, mid-tier mining group with gold operations and gold and uranium prospects across Southern Africa “’ is due in the first half of this year to launch industrial gold mining in Mozambique.
In an interview broadcast by radio station Rádio Mozambique and reported by Macauhub News Agency, Lago district administrator Moura Jorge confirmed that the project would be in the Lupulichi region of Niassa province, next to the Tanzanian border.
He added that the launch of industrial mining would reduce the proliferation of illegal mining in the Great Lakes region, and went on to say that it
should have the added benefit of reducing contamination of the rivers that flow in Lake Nyasa, by the mercury used to wash gold ore.
In 2012, almost 50kg of legal gold were mined in Niassa province and around 3,500kg of red garnets.
The Gold One International group is listed on the Sydney and Johannesburg stock exchanges and most of its capital is owned by a Chinese consortium including the Baiyin Non-Ferrous Group Co. Ltd, the China-Africa Development Fund, and Long March Capital Ltd.
Source: Macauhub News Agency. For more information, click here.