Riversdale, Tata approve $270m Mozambique coal mine

Australian coal-miner Riversdale Mining and joint-venture partner Tata Steel have approved the development of the first phase of the Benga coal project, in the Tete province of Mozambique. The partners have committed $270-million, excluding working capital, to undertake the stage one development of the project, which would produce an initial 1,7-million tons a year of [...]

Brazil’s Vale widens and deepens investments in Africa

Major Brazilian mining group Vale is to invest $595-million in its Moatize coal project in Mozambique next year. The company is already studying the feasibility of a second phase at Moatize, designated Moatize II. Subject to the approval of its board, Vale will also invest $50-million in the Konkola North copper project in Zambia, which [...]

Riversdale may use Zambezi river to transport Mozambique coal

ASX-listed coal-miner Riversdale Mining would submit a feasibility study and an environmental impact study (EIS) for its proposed plan to transport coal via barge along the Zambezi river, in Mozambique, to that country’s government during the second half of next year. The company on Monday said that it had completed a series of studies on [...]

Australia’s Globe Metals to buy 90% in Mozambique fluorite project

ASX-listed uranium and special metals company Globe Metals & Mining has entered into a joint venture (JV) agreement to acquire up to 90% in the Mount Muambe fluorite project, in Mozambique. During the first two years of the JV, Globe would be required to conduct drilling of up to 3 000 m, or between 1 [...]

Baobab resources launches new exploration programme in Mozambique

Growing aspirations for magnetite as reports of plans to increase the established resource at its Tete iron-vanadium and titanium project have injected some life into the stock Read more….

Mozambique reclaims abandoned BHP mining project

Mozambique has reclaimed ownership of the Chibuto heavy sands project after global-miner BHP Billion abandoned it because it was not viable, a Cabinet statement said. BHP, which holds the exploration rights for the $500-million project until October 2009, envisaged an integrated open-cut mining, concentration and smelting operation at Chibuto to produce titania slag and iron, [...]

Mozambique to launch State mining company

Mozambique has approved the creation of a state mining company that will explore and market its untapped mineral resources, a cabinet spokesperson said. "The government has approved the creation of Mozambique Mining Exploration Company (EMEM, SA)," Luis Covane told a media briefing late on Tuesday. "EMEM´s principal objective is to explore geological mining, production and [...]

Mozambique plans to launch state mining firm

The government has approved the creation of Mozambique Mining Exploration Company. Read more….

Mozambique sands project seeks new investor

Mineral Resources Minister Esperanca Bias said Mozambique was open to talks for future development of the project. Read more….