Rio Tinto’s project in Mozambique reaches stage of economic pre-feasibility study

22 November 2010

Maputo, Mozambique, 22 Nov – The project for heavy mineral exploration in the area between Jangamo, in Mozambique’s Inhambane province and Conguene, in Gaza province, has reached the stage of and economic pre-feasibility study, according to Mozambican newspaper Notícias.

Without disclosing any figures, the paper said it had information that the resources in the area concessioned by the Anglo-Australian group Rio Tinto are considerable.

The newspaper cited a source linked to the economic pre-feasibility study as saying that the current phase of work was crucial as along with establishing some of the technical details of the project, it may also give the first indications of the cost of exploring the heavy minerals in the region.

As is the case in Chibuto, the occurrence of heavy minerals between Jangamo and Chonguene is a source of great expectations for the population and others, as it could improve the income of families employed by the project as well as adding to State revenues.

The work carried out by foreign companies in Mozambique, led to the viability and exploration of heavy minerals at Moma, Nampula, whilst activities with a view to exploring other reserves discovered in Moebasse, in Zambezia province, are also underway. (macauhub)