Monday, 30 April 2012

Moz continues to attract interest as mining investment destination, mineral export conduit


Mining company Rovuma Resources, a subsidiary of the privately held Rockover Resources group, has discovered a major deposit of nickel in the north of Mozam-bique. According to Radio Mozambique, which reported the find, this is the first nickel orebody located in the country and is estimated to total 20-million tons.
The discovery is located in the Muerite (spelt Murite by Rovuma) area of the Montepuez district, in Cabo Delgado province.
Rovuma has so far invested some $28-million in its exploration activities in Cabo Delgado, which began about five years ago, and plans to spend another $7-million this year. It is currently seeking to ascertain the nickel grade of the ore. The company is also reported to have discovered occurrences of iron and precious stones and will also be investigating these.
Rovuma’s operations chief, Mark Henrigt, told the radio station that the company would be recruiting more local workers as its activities expanded. It currently employs 128 locally recruited workers. Read more here...

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