Mozambique may export iron as of 2011

23 October 2007

Maputo, Mozambique, 23 Oct – Mozambique could become an exporter of iron via the transformation of heavy minerals from Chibuto, the head of the Corridor Sands project for the Maputo region, Victor Damásio said in Maputo Friday.

According to Damásio, the processing of ilmenite, a by-product of heavy minerals, in Belulane, is a good opportunity, considering the area’s existing facilities.

“BHP Billiton is the majority shareholder not only of Mozal, but also of Corridor Sands, which owns this project. If we built the factory next to Mozal, we could obtain synergies with an industry that is already well established in the area and thus make use of what has been built over the last five years,” said Damásio.

Basically, two furnaces will be assembled in Beluluane and the foundry product will be pure iron, which will be exported as ingots, with 134,798 tons of iron produced per year.

The foundry, which will create 250 jobs, is expected to go into production in 2011, with construction beginning at the end of 2008. (macauhub)