Highland African Mining Company Ltd is building a factory to process tantalum in Marropino, in Mozambique’s Zambézia province, said the company’s managing director, Délio Darsamo.
Speaking to Mozambican daily newspaper Notícias, Darsamo said that the new facility, in which the company is investing over US$45 million, will make it possible to increase tantalum processing capacity from 100 tons to 300 tons.
Last year, via the port of Nacala, the company transported 75 tons of tantalum concentrate to Thailand and the Americas, and posted turnover of US$236,000.
With the investment that is underway the company is expected to increase both production and turnover, and the managing director noted that, in the long term, the sales projection was of US$787,000.
The Highland African Mining Company Ltd is the Mozambican subsidiary of the Noventa group, which is based in Jersey, and has mining concessions in Marropino, Morrua and Mutala, in Zambézia province and exploration licenses in adjacent areas. (macauhub)