Four more coal mining projects re due to begin between 2014 and 2019 in Mozambique’s Tete province, representing total investment of US$5.1 billion, the country’s Mining Resources Minister, Esperança Bias said in the town of Manhiça.
At the start of the 28th Coordinating Council of the minsitry, Bias said that in 2014 the Minas do Revobué and Midwest Africa projects were due to be launched, with total investment of US$1.504 billion, followed by the Zambeze project, of Anglo-Australian group Rio Tinto, the biggest of the four and requiring investment of US$3.3 billion with expected production of 258 million tons of thermal and coking coal per year as of 2019.
Cited by daily newspaper Notícias, the minister said that the list of approved coal mining concessions ended with the Ncondezi project, with initial investment of US$288 million and expected production of 7.2 million tons of coal per year.
Approval of the four projects comes at a time when Mozambique is seeing a lot of progress in prospecting and surveying for a variety of minerals. Prospecting is underway for heavy sands in Jangamo and Xai-Xai, in the provinces of Inhambane and Gaza, respectively.
Prospecting and surveying is also underway for graphite in Balama, Cabo Delgado province, when around 564 million tons of graphite have so far been identified and studies point to the possibility of annual production of 220,000 tons of graphite concentrate per year, following estimated investment of US$120 million.
Feasibility and environmental impact studies are also underway for the titanium-magnetite project in Chitongue, Tete province, with reserves estimated at 270 million tons, with expected annual production of between 1,000 and 2,000 tons, and due to begin in 2016. (macauhub)