I have had some involvement with mineral projects in Mozambique; I follow with attention news, especially on tantalum, diamonds – Diamonds discovered in Mozambique – Mustang Resources’ Save Project, coal – and rubies – Montepuez’ GEMFIELDS rubi mine – newest updates on the world’s single largest ruby and corundum deposit. I have just came across … Continue reading Rubies from Mozambique – Field report published by GIA
Minas de carvão do Pejão – Pejão coal mines (NW Portugal)
Meanwhile closed, the coal Pejão mine was for decades one of the most important Portuguese mines (employing over 3.000 workers in its heyday). The main sectors of Minas do Pejão are the Couto Mineiro do Pejão and the Paraduça 1 claim, defining a corridor extending from Germunde to Paraduça – including Pedorido, Raiva e Paraíso, … Continue reading Minas de carvão do Pejão – Pejão coal mines (NW Portugal)
Beacon Hill Resources puts Minas de Moatize for sale
In additional bad news for the Moatize coal, according to Macauhub, Beacon Hill Resources (will have to sell Minas de Moatize, its coal asset in Mozambique due to its inability to secure financing, and its consequent failure to service its debts, the company said in a statement. The full company’s statement can be seen here in the Jan … Continue reading Beacon Hill Resources puts Minas de Moatize for sale
RIO TINTO divests from Mozambican coal
Rio Tinto announced the sale of their coal mines in Tete Province, Mozambique, by 50 MUSD to Indian Coal Ventures Pty Limited (ICVL). The agreement includes the Benga coal mine and other active projects in the Tete Province and does not include other Rio Tinto assets in the country. Rio Tinto started their activities in Mozambique … Continue reading RIO TINTO divests from Mozambican coal
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