Ireland’s Kenmare Resources finds new mining deposits in Mozambique

1 September 2011

Nampula, Mozambique, 1 Sept – Irish mining company Kenmare Resources has found new heavy sands deposits in Mozambique that appear to contain reserves for mining for a period of 120 years, Gareth Clifton, a non-executive director and representative of the company in Mozambique, said in Nampula.

According to Mozambican daily newspaper, Notícias, the new deposits are located in the Nataca area, in Topuito, Moma district, Nampula province, and Clifton said that the studies underway to assess the feasibility of the project pointed to exploration beginning in 2018.

Speaking on the sidelines of a meeting in Nampula at which the company’s results for the first half were revealed, Clifton noted that the Namalope deposit, which is currently being mined, was expected to close in 2025, when its reserves are expected to run out from a commercial point of view.

Without giving many detail, as technical studies are now underway, he said that launching operations in Nataca would require Kenmare Resources to build a new factory to separate heavy sands concentrate, namely ilmenite, rutilium and zircon, as the current factory is operating to full capacity.

The execution of the first phase of the Moma heavy sands project required investment of some US$560 million, and Clifton said that it was too soon to suggest a figure for how much would be spent on supporting work in the third phase at Nataca, where efforts are being made for the population not to be transferred at this is an expensive and negative process from an environmental point of view. (macauhub)

MACAUHUB FRENCH