Trade Resources Industry Trends a Deposit Containing Large Quantities of High Quality Iron Ore Has Been Discovered

a Deposit Containing Large Quantities of High Quality Iron Ore Has Been Discovered

It is reported that a deposit containing large quantities of high quality iron ore has been discovered in the Chiuta district,in the central region of the Mozambican province of Tete.

A source from the National Mining Directorate said that so far the region had inferred deposits of 482 million tonne of iron ore identified by Capitol Resources,a subsidiary of Australian group Baobab Resources.

Mr Celestino Checanhanza,the district administrator of Chiuta,said that commercial exploration of the iron ore was expected to begin in 2016.

Mr Checanhanza said that the iron ore would be the first mineral to be mined in the district which ahs also been shown to contain other minerals such as copper,marble,titanium and aquamarines.

He said that within two years construction of a branch line of the Sena railroad would begin.The new branch line will starts in Moatize and run as far as Manje,the district capital of Chiuta,which will drive development in the region and introduce improvements in the system for distribution of agricultural and silvicultural products,amongst others.

 

 

 

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Source: http://www.steelguru.com/raw_material_news/Australian_Capital_Resources_finds_high_quality_iron_ore_in_Mozambique/297279.html
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Australian Capital Resources Finds High Quality Iron Ore in Moza
Topics: Metallurgy