Moma heavy minerals provide Mozambique with tax revenues of US$220,000

19 April 2010

Maputo, Mozambique, 19 April – The export of heavy minerals from the Topuito mines in the Moma district of Mozambique’s Nampula province generated tax revenues of almost 7 million meticals (US$220,000) in the first quarter of the year, Mozambican newspaper Notícias reported.

Felismino Tocole, governor of Nampula, told Notícias that throughout the period over 100,000 tons of heavy minerals such as ilmenite, zircon and rutilium, as compared to 99,000 tons in the first three months of 2009.

Irish company Kenmare Resources reached operating breakeven at Moma in May 2009 and when production reaches a peak it is expected to produce 800,000 tonnes of ilmenite, 46,000 tonne of zircon and 18,000 tonnes of rutilium per year, or the equivalent of around 7 percent of world production.

The reliability of electrical power supplied by the industrial complex is also encouraging investors in the project.

The programme to provide the factory with electricity cost some US$12 million in construction of a 110KV transmission cable, extending the Nampula substation over around 200 kilometres. (macauhub)

MACAUHUB FRENCH