Maputo, Mozambique, 11 Aug – Eta Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present its exploration plan for the mine by June 2011, Macauhub has learned from an official source.
The company, which is a subsidiary of Dubai’s Eta Star, is working in two areas and will now carry out the feasibility study.
“The company drilled to a depth of 150 metres and at 30 metres had identified large amounts of coal,” a source from the Mining Resources Ministry told Macauhub.
The company has so far invested US$15 million, which is expected to rise to US$35 million when production begins.
The company plans to set up a facility to produce 9 million tons per year initially in an area where it believes there are 68 million tons of coal reserves.
Eta Star India Projects Pvt has a staff of 60 people, 11 of which are Indian.
In the Moatize region a further two companies, namely Zambeze Energy and eta Resources are currently carrying out economic feasibility studies.
Reserves in the area are estimated at 975 million tons of mineral coal. (macauhub)