Maputo, Mozambique, 2 Aug – Mining of titanium-bearing heavy sands at Moma in Mozambique is forecast to last for 120 years, says Kenmare Moma Resort, the Irish consortium leading the venture.
Kenmare director-general Anthony Hagarthy, cited by Noticias newspaper, said the new prediction on the life-span of the Moma mine was based on fresh discoveries of rutilant, ilmenite and zircon in the region of Nantaka.
Initial studies of mineral reserves in the region of Topuito, in Moma, indicated enough reserves for a little over 20 years of exploitation, said Hagarthy, but studies have uncovered new reserves at Nantaka that are forecast to last for 120 years.
Mining of heavy sands at Moma, originally scheduled to have begun July, will only get underway in September due to difficulties in loading large vessels with titanium at the mine’s quay. A 4,000-ton ore carrier has been ordered from Singapore to resolve these problems, added the Kenmare executive.
The Irish consortium has invested around US$ 460 million in the Moma project and obtained loans from financial institutions led by the World Bank. (macauhub)