New heavy sands project in Mozambique to launch soon

23 November 2011

Maputo, Mozambique, 23 Nov – Heavy sands exploration in Moebase and Namburi, in Zambezia province, is due to begin very soon, an official from the concession-holding company Companhia de Minerais de Naburi said Tuesday in Maputo.

Cited by Mozambican news agency AIM, Marcos Mauro said that bringing forward the date of the start of exploration, which had been set for 2014, was due to “the fast development,” that the project was undergoing.

The project, which covers an area of 32,000 hectares next to the Indian Ocean is owned by Companhia de Minerais de Naburi, which is 99.99 percent-owned by British company Pathfinder Minerals, which projects an investment of US$500 million.

Estimates point to there being 71.1 million tons of heavy minerals in the area such as ilmenite, rutilium and zircon.

Ilmenite and rutilium are used to make pigments used to manufacture, paints, paper, pharmaceutical products, rubber and plastics and zircon is used as an abrasive and insulator. (macauhub)