Maputo, Mozambique, 20 Oct – The Highland African Mining Co. Ltd, is due in March of 2010 to re-launch mining of tantalum in Marrupino, in Zambézia province central Mozambique, after months of inactivity due to financial problems, the Mozambican Mining Resources Ministry said.
Following financial difficulties faced by the company, which is the Mozambican subsidiary of British group Noventa, it became necessary to find new partners to re-launch tantalum mining in Marrupino, according to a statement from the Mining Resources Ministry.
“”The company’s management commission was replaced and investment secured that will make it possible to re-launch the production operation at the Marrupino mines by March of 2010,” the statement noted.
With the re-launch of mining operations over 350 jobs have been secured, as well as revenues for the State, the Ministry added.
As well as Marrupino, Highland African Mining has exploration rights for mines in Mutala and Murrua , also in Zambézia province, the activities at which will begin “at a later stage.”
Highland African Mining is expecting a rise in world demand for tantalum next year due a rise in production of small electronic components, following the current recession.
Tantalum is a metal that is highly resistant to corrosion and as it is physiologically inert is used, amongst other applications, in manufacturing surgical instruments and implants. (macauhub)