The Savannah Resources Group has been granted a third mining concession for the Mutamba heavy sands project in Mozambique, the London-based group said in a market statement released on Monday.
The mining concession was conditionally granted by the Ministry of Mineral Resources and Energy for that project, which brings together Savannah Resources and the Anglo-Australian Rio Tinto group in a partnership.
This new mining concession covers an area of 11,807 hectares and is adjacent to the two other concessions granted last September, which are located in the Inharrime and Jangamo districts of southern Mozambique.
This heavy sands project is located next to National Road Number 1, which connects the north to the south of the country, as well as the port of Inhambane, with good transport infrastructure and access to the national electricity grid.
In September, Savannah Resources, announcing that it had secured two mining concessions, reported that the Mutamba project “is one of the most important unexplored heavy sands deposits in the world.”
Mutamba Mineral Sands is a partnership between Savannah Resources and Rio Tinto, and Matilda Minerals is a wholly-owned subsidiary of Savannah Resources.
Source: Macauhub
