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MAP - First National Conference on Human Development Kicks off in Skhirat
Skhirat -September 19,2019-(MAP)-The First National Conference on Human Development opened on Thursday in Skhirat, under the theme "Early childhood: ...
MAP - Energy Efficiency in Building Sector: Moroccan Project Obtains €20 Million Financing from NAMA Facility
Rabat -September 19, 2019-(MAP)- The Moroccan project "Integration of energy efficiency in the building sector" has been selected to receive...
CNA - وزير الصحة القبرصي يجتمع مع نظيره اليوناني غداً
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
يجتمع وزير الصحة القبرصي قسطنطين ايوانو مع نظيره اليوناني فاسيليس كيكيلياس في أثينا لمناقشة التعاون الثنائي وتنفيذ اتفاقية ثنائية تتعلق بأسعار...
Lusa - Business News - Portugal: PSI20 stock index closes Thursday up 0.96% to 5,039.92
Lisbon, Sept. 19, 2019 (Lusa) - The PSI20, the main index of the Lisbon Stock Exchange, closed Thursday's session rising...
Lusa - Business News - Angola: Privatisations - State to hold majority stakes in strategic companies
Luanda, Sept. 19, 2019 (Lusa) - The Angolan government on Thursday assured that the state will continue to hold majority...
CNA - الرئيس اناستاسياديس يجتمع مع وزيري خارجية روسيا والصين في نيويورك
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
يعقد الرئيس القبرصي نيكوس أناستاسياديس اجتماعات عدة الأسبوع المقبل في نيويورك حيث سيجتمع مع وزيري خارجية روسيا والصين. ...
Lusa - Business News - Portugal: PM admits regulating housing market if it cannot self-regulate
Lisbon, Sept.19,2019(Lusa)- The Prime Minister said on Thursday he hopes that the housing market will be able to regulate itself...
Lusa - Business News - Portugal: Evora to pioneer smart city energy project
Évora, Portugal, Sept.19,2019 (Lusa)-The creation of a local energy market and the reuse of used batteries from electric cars are...
Lusa - Business News - Portugal: Credit line of €100M to improve competitiveness of small businesses
Evora, Portugal, Sept.19,2019 (Lusa) - The Economy Ministry launched on Thursday in Évora a credit line of €100 million aimed...
CNA - نيقوسا ترى أن رسالة غوتيريس ايجابية وتدعم الجهود التي يبذلها الرئيس اناستاسياديس
وكالة الأنباء القبرصية - قبرص / نيوسيا - مهى ميخائيل
قال المتحدث الرسمي باسم الحكومة برودروموس برودرومو تعليقاً على التصريح الذي أدلى به يوم أمس الأمين العام للأمم المتحدة بشأن...
Lusa - Business News - Mozambique:Temane-Maputo 563km electricity power line tender to be launched
Maputo, Sept. 19, 2019 (Lusa) – Mozambique’s state-owned electricity company, EDM, will launch a public tender to select a contractor...
Lusa - Business News - Cabo Verde: Air carrier Binter has on average 11 medivacs per week
Praia, Sept. 19, 2019 (Lusa) - The air carrier Binter Cabo Verde has carried out an average of 11 medical...
Lusa - Business News - Portugal: European parliament raises questions on Commissioner Elisa Ferreira
Strasbourg, France, 19 set 2019 (Lusa) – The European Parliament's Legal Affairs Committee on Thursday raised questions about Portuguese Commissioner...
Lusa - Business News - Mozambique: Restructuring highlighted in the new parliamentary session
Johannesburg, Sept. 19, 2019 (Lusa) - Consultant firm Eurasia said that the intervention of the Mozambican parliament in the restructuring...
Lusa - Business News - Portugal: Benfica profit rockets 43% to €29.4M
Lisbon, Sept. 19, 2019 (Lusa) - The net result of Portuguese football club Benfica SAD (the club’s sports management company)rose...
Lusa - Business News - Portugal: Historic buildings to be transformed into 5-star hotels
Horta, Portugal, Sept.19,2019 (Lusa)–Quartel do Carmo, on the island of Faial, in the Azores, and Convento do Carmo, in Moura,...
Lusa - Business News - Portugal: Environmental organisations issue negative opinion on new airport
Lisbon, Sept. 19, 2019 (Lusa) – Several environmental non-governmental organisations in Portugal are giving a negative opinion on the Environmental...
Lusa - Business News - Macau: Hotel, guesthouse revenues in 2018 up 14.5% as 5-star growth continues
Macau, China, Sept. 19, 2019 (Lusa) - Revenues in Macau’s hotel sector last year totalled 37.29 billion patacas (€4.2 billion),...
Lusa - Business News - Portugal: Ryanair reaches agreement with ANA to retain 'reduced' Algarve base
Lisbon, Sept. 19, 2019 (Lusa) – Ryanair has reached an agreement with ANA, the company that operates Portugal's airports,...
Lusa - Business News - Portugal: Power utility EDP denies Competition Authority accusations
Lisbon, Sept. 19, 2019 (Lusa) – Portugal’s power utility EDP on Thursday denied the accusations of the Competition Authority, which...
Lusa - Business News - Sao Tome: Government prepares oil negotiations with Equatorial Guinea, Nigeria
Sao Tome, Sept. 18. (Lusa) - Sao Tome and Principe’s foreign minister announced on Thursday the forthcoming start of negotiations...
Lusa - Business News - Portugal: Electricity company practices cost consumers €140M - Authority
Lisbon, Sept. 19, 2019 (Lusa) - Portugal’s power utility, EDP Produção, market practices have led the Competition Authority to impose...
Lusa - Business News - Portugal: PSI20 opens 0.26% down at 4,978.81 points
Lisbon, Sept. 19, 2019 (Lusa) – The Lisbon stock exchange opened in negative territory on Thursday with the main benchmark...
CNA - الرئيس اناستاسياديس ورئيس الوزراء البريطاني يناقشان مسألة خروج بريطانيا من الاتحاد وتطورات القضية القبرصية
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أبلغ رئيس الوزراء البريطاني بوريس جونسون في محادثة هاتفية مساء الأربعاء الرئيس نيكوس أناستاسياديس بشأن آخر التطورات المتعلقة بخروج بلاده من...
CNA - OSCE PA Special Representative on Corruption holds meetings with UN and OSCE representatives in Vienna
CNA - Nicosia - OSCE Parliamentary Assembly Special Representative on Fighting Corruption, Cypriot MP, Irene Charalambides, held meeting this...
CNA - الأمين العام للأمم المتحدة يشدد على ضرورة التوصل إلى الشروط المرجعية لاستئناف المحادثات
وكالة الأنباء القبرصية - نيويورك / الأمم المتحدة - ا زوبانيوتيس
شدد الأمين العام للأمم المتحدة أنطونيو غوتيريس يوم الأربعاء على أهمية توصل الجانبين في قبرص على وجه السرعة إلى اتفاق...
Lusa - Business News - Portugal: Top headlines on Thursday
Lisbon, Sept. 19, 2019 (Lusa) – Police suspicions about some wildfires and a major fine for EDP are among the...
Lusa - Business News - Mozambique: Savannah, Rio Tinto granted licences to mine heavy-sands deposits




Maputo, Sep.10,2019 (Lusa) – Savannah Resources, a UK-quoted mining company, said on Tuesday that it had, in a consortium with Rio Tinto, an Anglo-Australian multinational, received Mozambique government licences to mine some of the world’s largest heavy-sands deposits.
" The conditional award of these mining concessions represents a major milestone for both the project and for Savannah, and places our joint venture with Rio Tinto on a very solid foundation,” a statement from Savannah quoted its chief executive, David Archer, as saying. “Given that the demand for global titanium feedstocks remains very strong, these mining concessions hold the potential as a significant global project within the sector.”
The two contiguous licenses cover a total area of 28,000 hectares in Inharrime and Jangamo districts, in Inhambane province, in southern Mozambique. Prospection points to the existence of 4.4 billion tons of resources with a degree of heavy minerals of around 3.9%.
The statement describes the Mutamba project as “one of the most significant undeveloped heavy mineral sands deposits in the world”.
The concessions are valid for 25 years (to 2044), with the possibility of their being extended for an equal period.
Savannah currently has 20% in the consortium with Rio Tinto, a stake that may increase to 35% after the delivery of the preliminary feasibility study, which is currently being undertaken, and eventually up to 51% after the delivery of the final study, the statement concludes.
Heavy sands are Mozambique’s sixth biggest export product, accounting for $210 million in 2017, according to the yearbook of the country’s National Statistics Institute (INE).
Minerals usually referred to as "heavy sands" - tiny crystals extracted from sand - are used in industrial applications such as pigment inks, abrasion systems and insulation, or the production of materials with specific properties.

LFO/ARO // ARO.
Lusa

Agency : LUSA

Date : 2019-09-11 09:50:00







 

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