Maputo, Mozambique, 14 April – South Africa’s Mod Consortium and Canada’s Rock Forege Titanum Lda, are frontrunners in the international public tender to explore heavy sands in Chibuto, in Mozambique’s Gaza province, According to a report by the Zambézia online website.
The result of the tender, which was launched in October, 2010, is expected to be announced over the next few days as the proposals were opened up at the end of last month and the commission charged with evaluating them had 30 days to announce a winner.
The project, research and prospecting for which began in 1997, was initially a concession of BHP Billiton, which had its license cancelled due to not meeting the schedule that was agreed with the Mozambican government.
The studies carried out show that the area has reserves of more than 72 million tons of ilmenite, exploration of which would take at least 30 years. The area, which is calculated to cover 10,840 hectares, also has 2.6 million tons of zircon reserves and 0.4 million tons of rutile. (macauhub)