News
  News
        Home Page
        High Commission
        Government
        Information and Activities
        Consular Affairs
        Bilateral Relations
        Trade & Investment
        Tourism

  Government
      

  Investment
      

  AtenÁão
       Prova Anual de Vida dos Pensionistas do INSS Residentes no Estrangeiro







   News Archive News
news
    28 November, 2012
Baobab signs joint venture agreement
 
London, 28 Nov (AIM) - The British company Baobab Resources on Wednesday announced that it has entered into a joint venture agreement with the Australian exploration company, Metals of Africa (MTA), in relation to Baobab’s Changara project in the western Mozambican province of Tete.
 
The project contains zinc, lead, manganese, iron ore, fluorite, copper and silver.
 
The Changara project is situated next to MTA’s Rio Mazoe project, and under the agreement MTA will become the operator of the Changara Joint Venture which will cover 1,350 square kilometres.
 
MTA will fund the first work programme, which will cost a minimum of 150,000 US dollars. In return, it will receive 25 per cent of the shares in Baobab’s Changara project. The work programme is scheduled to be completed by August 2013.
 
MTA will then fund the second work programme costing 600,000 dollars, and will then own a total of 55 per cent of the project. This is due to be completed by November 2014.
 
The third work programme will cost MTA 1.2 million dollars and will result in MTA taking control of 80 per cent of the project. However, Baobab has the option to co-fund this third stage, which would maintain its 45 per cent stake. The completion date for this stage is August 2016.
 
According to Baobab’s managing director, Ben James, “the Joint Venture allows Baobab to concentrate its efforts on the Tete Pig Iron Project where the company is nearing the conclusion of a pre-feasibility study”.
 
Baobab is looking for a joint venture partner to build a pig iron smelter to process some of the 483 million tonnes of iron ore already confirmed in its concessions in Tete. Further drilling is expected to increase the confirmed iron ore reserves by between 120 and 260 million tonnes.
 
Baobab is working on a model with initial production of one million tonnes per annum (Mtpa) of pig iron, expanding to two Mtpa by year seven and possibly even three or four Mtpa by year fourteen. (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.

 


  Archives
News Archive
Picture Archive




 BCS