London, United Kingdom, 6 Nov – British company Baobab Resources said Monday that it planned to speed up exploration at two iron ore mining projects in the Mozambican province of Tete following tests that have provided positive results.
In a statement published on its website the company said that at the two projects – Singore, 30 kilometers to the north of Tete and Chitongue, 55 kilometers north of the city – the continuation of areas of magnetite was detected.
The company will also mine for platinum and in nickel-copper deposits.
Baobab Resources is listed on the London Stock Exchange AIM index and is involved in a number of projects in Mozambique, the most advanced of which is the possible re-opening of the Mundonguara copper, gold and silver mine. (macauhub)