Maputo, Mozambique, 6 April – Brazilian group Vale plans to invest US$3 million in the construction of a fertiliser factory in Nacala-a-Velha, in Nampula province, northern Mozambique, Mozambican news agency AIM reported Tuesday.
The agency said that the process to make the project viable was at an advanced stage and that community consultation to provide an area of 700 hectares for the project was scheduled for next week, and everything pointed to the plot being handed over to Vale soon after.
Diário de Moçambique, a newspaper published in the city of Beira (Sofala), Tuesday reported that the project had been analysed by the Nampula provincial government and spokesman Páscoa Azevedo had said that, “better days are coming for the districts of Nacala-a-Velha and Monapo,” the latter being where the phosphate reserve is located.
In his turn, Daniel Chapo, the administrator of the Nacala-a-Velha district, said that the region was prepared to receive any kind of investment, as it is aware of the benefits it will generate for the region.
The district administrator said that the raw material would be transported from Monapo by rail to Nacala-à-Velha, where it would then be processed and exported.
Chapo said that mining company Vale already had a 500 hectare plot of land where it planned to build a coal terminal to that it can export the coal it will mine in Moatize, in the central province of Tete.
The share capital of mining company Vale is controlled by Caixa de Previdência dos Funcionários do Banco do Brasil (Previ), with 49 percent, Banco Bradesco (21.21 percent), Japanese trading company Mitsui (18.24 percent) and Banco Nacional de Desenvolvimento Económico e Social Participações (BNDESpar) with 11.51 percent. (macauhub)