Savanna secures two new mining concessions in Mozambique

2019-09-13T07:56:03+00:00 September 13th, 2019|News|

Savanna Resources in Mozambique, Mutamba mineral sands project, mineral sands mining in Africa.

The Savanna Resources team in Mozambique. Image credit: Savanna Resources

The Savanna Resources team in Mozambique. Image credit: Savanna Resources

According to David Archer, CEO of Savannah Resources, the company has secured two new mining concessions from the Mozambican government for the Mutamba heavy sands project.

Archer says that Mutamba “is one of the most important unexplored heavy sand deposits in the world,” and adds that the new concessions cover an area of 280km².

“The two concessions, which were awarded to Mutamba Mineral Sands and Matilda Minerals, contain estimated reserves of about 4.4 billion tonnes, containing 3.9% of the minerals to be extracted.

Archer says that these two new concessions, even if conditionally granted, “are an important milestone for both the project and the group and puts our partnership with the Rio Tinto group on a very solid footing.”

Mutamba Mineral Sands is a partnership between Savannah Resources and Rio Tinto. Matilda Minerals is a wholly-owned subsidiary of Savannah Resources.

Source: Macauhub