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Home Natural Resources Mining

Chinese co starts of heavy sands mining in Mozambique

360 Mozambique by 360 Mozambique
September 29, 2023
in Africa
Reading Time: 1 min read
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The Chinese mining company, TZM Resources, will start mining heavy mineral sands in the Pebane district, in Zambezia province, in the centre of the country, next week.

The project is budgeted at 30 million dollars and the concession is for 15 years.

Also read: UBS near settlement in Credit Suisse US$1.5B Mozambique tuna bond

According to the Tuesday 26 September edition of the newspaper Notícias, quoting the administrator of the Pebane district, Eduardo Vida, the company is ready to start mining.

“The company will have two processing units. One will be in the town of Maganha, in the administrative post of Mulela, and the other will be in the town of Tomeia, in the administrative post of Naburi,” said Eduardo Vida.

In Zambezia, the Pebane heavy sand mining project is eagerly awaited, and it is expected to contribute to the realisation of other strategic undertakings, such as the deep-water port for the disposal of heavy sand, which in turn could boost the development of the area in particular and the country in general.

Also read: Mozambique dividend revenues doubled in H1

Overall, Zambezia province has four major mining companies, two of which are in Chinde and Pebane. There are currently other minerals besides heavy sands and tantalites, namely granite in Morrumbala and gold in Mopeia.

Related

Source: 360 Mozambique
Tags: ChindeChinese co starts of heavy sands mining in MozambiqueChinese mining companyEduardo Vidagold in Mopeiaheavy mineral sandsMorrumbalaMozambiquePebane districtpost of MulelaTZM ResourcesZambézia Provinceмозамбикموزمبيقモザンビーク莫桑比克
360 Mozambique

360 Mozambique

360º Mozambique News Portal is a reference in business & economics independent information in Mozambique.

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