share
Others
Mozambique: Nyusi inaugurates heavy sands project in Chibuto – Watch
05, Dec 2022
96 Views
Mozambican President Filipe Nyusi on Friday inaugurated a factory processing heavy mineral sands in Chibuto district, in the southern province of Gaza.
The factory belongs to the Chinese company Dingsheng and cost 700 million US dollars. It occupies an area of 3,000 hectares, and consists of two production lines with the capacity to process 10,000 tonnes of minerals a day (mostly titanium ores).
Speaking at the inauguration ceremony, Nyusi announced that the Chibuto heavy sands project could contribute annually about 36 million dollars to the state coffers in taxes during the life span of the project. In royalties, the project could generate more than eight million dollars a year.
Construction of this open-cast mine began in 2014, and the first minerals were produced six years later, on an experimental basis.
He believed that the Chibuto mine would prove “an indelible mark” for Mozambique and for southern Africa.
“This undertaking is an important gain of great relevance”, he said. “We met with the investors on several occasions an encouraged them to continue. This is a clear demonstration that our development has nothing to do with geographical situation”.
Nyusi stressed that the country is moving gradually towards synchronised development, in all provinces.
Currently, he added, about 20 per cent of Mozambique’s exports are metals and other minerals. The contribution of the extractive industry to Mozambique’s gross domestic product has risen from 1.1 per cent in 2011 to 10 per cent in 2021.
Nyusi was sure this growth will accelerate thanks to the start of the production and export of liquefied natural gas (LNG), from the Rovuma Basin, off the coast of the northern province of Cabo Delgado.
Mozambique’s total exports reached a value of 2.4 billion dollars in 2021, compared with 360 million dollars in 2011.
The heavy sands deposit in Chinuto is estimated at two billion tonnes, and has led Dingsheng to propose setting up a manufacturing industry alongside the mine. Nyusi said efforts are under way to ensue that all the added value chain occurs in Mozambique, in line with the government’s “Industrialise Mozambique” programme (PRONAI), which has job creation as one of its main goals.
Source: AIM / TVM
share Share now
Related Posts
Others
There is evidence for extradition to Mozambique of kidnapping mastermind arrested in South Africa
17, Jan 2023
92 Views
Others
There is a risk of cholera outbreak in Maputo City
12, Jan 2023
89 Views
Others
Stewart Sukuma is an honorary citizen of Quelimane
28, Dec 2022
88 Views
Others
CityLink suspended conveyor
20, Dec 2022
95 Views
Others
Maputo river flow is above alert level
19, Dec 2022
74 Views
Others
Mozambique: NGO warns that oil and gas sector is vulnerable to corruption
05, Dec 2022
85 Views
Others
15 years after HCB reversion to Mozambique, still little benefits for Mozambicans – A Verdade
01, Dec 2022
91 Views
Others
Mozambique: ‘Casas da Katembe’ works enter final stage
01, Dec 2022
98 Views
Others
Mozambique could reach over 500 MW of electricity from renewable sources – Watch
30, Nov 2022
80 Views
Others
Mozambique: Tete Governor delivers DUATs in Ndaula, Dómuè
29, Nov 2022
105 Views
Others
Mozambique: EDM announces record in new connections
28, Nov 2022
85 Views
Others
President announces reinforcement of military security cordon in the north of Cabo Delgado – RM
25, Nov 2022
78 Views
Others
Zimbabwe’s Zesa bids to build 1 500MW hydropower plant in Mozambique – report
24, Nov 2022
84 Views
Others
Mozambique: Belgium announces €25M for renewables – Lusa
24, Nov 2022
87 Views
Others
Altona Rare Earths signs short-term loan to fund Mozambique project costs
24, Nov 2022
81 Views
Others
Mozambique: Nyusi announces first export of LNG from Cabo Delgado – Watch
24, Nov 2022
78 Views
Others
South Africa’s Eskom says Mozambique’s EDM owes it R1 billion
24, Nov 2022
71 Views
Others
Mozambique: A step forward in promoting extractive industries transparency
24, Nov 2022
72 Views
Others
The government of Mozambique aims to develop two 30 MW projects in northern and west-central regions
24, Nov 2022
70 Views
Others
Mozambique kicks off tender for 60 MW of solar
24, Nov 2022
82 Views
Others
Mozambique: Eni discussing second offshore LNG platform with government
24, Nov 2022
91 Views
Others
Mozambique: Specific regulations needed for off-grid energy production
24, Nov 2022
79 Views
Others
Belgium helps energy transition in Mozambique with 25 million euros
18, Nov 2022
96 Views
Others
European Union Disburses €420 Million for Trade and Investment Facilitation in Mozambique
15, Nov 2022
76 Views
Others
Greater Maputo: Real estate market recovers from crisis
28, Oct 2022
89 Views
Others
MJZ Arquitectos receives prestigious award for The Palm 313, in Chocas beach, Mozambique
28, Oct 2022
90 Views
Others
Mozambique: Construction industry welcomes RadX Construction
28, Oct 2022
262 Views
Others
Government invests 3 billion in agricultural research over the next two and a half years
28, Oct 2022
74 Views
Others
Government invests 3 billion in agricultural research over the next two and a half years
28, Oct 2022
78 Views
Others
Mozambique: Government considering privatising airline, telecom company
27, Oct 2022
84 Views
Others
Mozambique: Insecurity stops more investment – Standard Bank
01, Aug 2022
107 Views