China’s Sogecoa (Mozambique) starts prospecting for gold in Sofala province

1 September 2011

Maputo, Mozambique, 1 Sept – Sogecoa (Mozambique), a subsidiary of Chinese group Anhui Foreign Economic Construction (Group) Co., is prospecting for gold in the Gorongosa district of Mozambique’s Sofala province, the governor of the province said this week in Ricatla.

Cited by daily newspaper governor Carvalho Muária said that prospecting activities, in which Sogecoa (Mozambique) expects to invest US$14 million, had started two months ago and was due to be concluded by the end of the year.

“Depending on the quantities of gold identified in the deposits they may invest in a mineral processing factory,” the governor said, speaking at a seminar about Sofala province held at the Maputo International Fair, which is taking place in Ricatla in Marracuene district, 30 kilometres from the capital, Maputo.

Carvalho Muária also said that the contract signed with Sogecoa (Mozambique) outlined that if gold was found in sufficient quantity, the current prospectors would be hired to work in the new factory.

So far Sogecoa had been working in the construction sector in Mozambique, with the refurbishment of Hotel Polana and construction of the headquarters of Banco ProCredit and the Investment Promotion Centre, all in Maputo, to its name.

At the end of last year the company requested and was granted licenses for gold prospecting in Chifunde, Tete province, and in Gorongosa, Sofala province. (macauhub)