Maputo, Mozambique, 20 April – Rock Forge Titanium, made up of Mozambican and Canadian investors, has been awarded the international public tender for heavy sand exploration in Chibuto, the Mozambican Mining Resources Ministry said in Maputo Tuesday.
The project, which is located in an area of 10,849 hectares in Gaza province, southern Mozambique, was initially explored by BHP Billiton, but in 2009 it had its license cancelled due to not meeting the schedule that had been agreed with the Mozambican government.
According to studies carried out, the area contains around 72 million tons of ilmenite (iron oxide and titanium), which is used to produce titanium dioxide, an essential component for the paint, paper and plastics industries.
Rock Forge Titanium beat South Africa’s MOD Chibuto Sands in the race for the concession. MOD was the only other company competing for the tender that was launched in October 2010. (macauhub)