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    9 January, 2012
Globe Metals and Mining to expand operations in Memba
 
Maputo, 9 Jan (AIM) – The Australian company Globe Metals and Mining has announced it now has the option to acquire up to a 90 per cent interest in a further five licences in an ilmenite (iron titanium oxide) and vanadium rich area of Memba district in the northern Mozambican province of Nampula.

This follows the formation, in November 2011, of a joint venture between Globe and the South African company Mihandzu Minerals to exploit the Memba high grade titanium-vanadium-iron project.

The new option comes in two phases, the first of which would give the company an 80 per cent stake achieved through phased investment in mining programmes.

Five years later, Globe can acquire an additional 10 per cent from Mozambican company Siexpo Lda, which owns the five licenses.

Cited in a Globe release, the company’s managing director, Mark Sumich, said “Globe is pleased to have secured the option to acquire the tenements along strike and adjacent to the Memba project which in total comprises approximately 1,000 square kilometres. In simple terms, this means that if the Memba project is as good as we think it is, the adjacent ground is important for capturing strike extensions”.

“We already liked operating in Mozambique – now we like it even more”, declared Sumich.

The releases adds that rock chip samples from the area “returned very high grades of titanium with additional vanadium including: average 47 per cent titanium dioxide and 0.4 per cent vanadium”.

Titanium dioxide is most commonly used in producing white pigments. Titanium alloys, due to their resistance to corrosion and to high temperatures, are used in aircraft, spacecraft and missiles. The main use of vanadium is as an additive to strengthen steel.
(AIM)

 
 
  2 December, 2019  
 
AIDS related deaths fell 20 percent over five years
 
President Filipe Nyusi declared on 1 December in the northern city of Nampula that the number of deaths from HIV/AIDS in Mozambique fell by 20 per cent between 2014 and 2018.

 
  18 November, 2019  
 
President addresses Catholic Bishops
 
President Filipe Nyusi on 16 November challenged the Catholic Church to continue its commitment to achieving the social well-being of Mozambicans and indicated that dialogue should be one of the paths chosen.

 
  17 November, 2019  
 
New water system for Gorongosa inaugurated
 
More than 30,000 people will benefit from clean drinking water in Gorongosa town, in the central Mozambican province of Sofala, thanks to a new water supply system that President Filipe Nyusi inaugurated on 15 November.

 


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