Mutamba Mineral Sands, a wholly-owned subsidiary of Anglo-Australian mining group Rio Tinto, has made three mining license applications to the Ministry of Mineral Resources of Mozambique for the Mutamba heavy sands project, British company Savannah Resources said in a statement.
The three license applications cover an area of 417,32 square kilometres in the province of Inhambane, including Jangamo with 118.08 square kilometres, Dongane/Ravene with 161.26 square kilometres and Chilubane with 137.98 square kilometres, according to information from Savannah Resources.
David Archer, chief executive of the British company, said in the statement that the applications are the final formal step to obtaining long-term mining licenses and noted that a pilot processing unit was commissioned in the fourth quarter of 2017 to produce condensates under an economic pre-feasibility study, which is being prepared.
Savannah Resources, which explores copper and gold deposits in Oman and lithium deposits in Portugal, is involved in this heavy sand project in Mozambique in consortium with the Rio Tinto mining group, with a 20% stake, which could increase to 35% and 51% after completion of the pre-feasibility and economic feasibility studies. (source:Macauhub)