Mining company Companhia Mineira de Nabur granted heavy sands concession in Mozambique

18 April 2011

Maputo, Mozambique, 18 April – Mozambican-owned mining company, Companhia Mineira de Nabur has been awarded the heavy sands concession for the Muebase area of Mozambique’s Zambézia province, and some work in the field is due to begin this year, the country’s Mining Resources minister, Esperança Bias, said.

Cited by Mozambican newspaper Notícias, the minister said that the new concession holder was currently re-confirming the results of samples gathered and that after this an n economic feasibility study would be carried out as well as new investments for exploration of the mine, which never went into operation after it was designed.

Prospecting work in Muebase began in the 1990s and following initial result, concession holder Genbique, a subsidiary of Australian mining group BHP Billiton, stopped operating.

The mining Resources minister said that two factors led to the Muebase heavy sands project being put on hold, specifically technical problems that needed to be corrected and the size of the mine, which is greater than the technical and investment capacity of the company that had been awarded the concession on it. (macauhub)