Buzi, Mozambique, 12 Aug – Mozambique’s first gold refinery is due to start operating this year in Manica province giving jobs to 300 workers, the country’s Mining resources Minister, Esperança Bias said, cited by daily newspaper Notícias.
The announcement made by Bias adds to statements made last week by Ministry advisor Fátima Momade who said that South African mining company Pan African planned soon to build a gold processing factory in Manica province, in Mozambique, in an investment of US$80 million.
Pan African wants to mine around 16,000 hectares in Manica province, where it plans to open three gold mines, known as “Fair Bride”, “Dot’s Luck” and “Guy Fawkes.”
Pan African is in negotiations to set up a consortium with Delta Trading – a company that also has mining interests in that Mozambican province.
Delta Trading recently concluded a feasibility study for the Monac gold mine, which was granted to it for exploration, and had concluded that the mine could produce over 200 kilos of gold per year.
According to specialists some gold mines in the area could have a lifetime of over 10 years. (macauhub)