Saturday, November 6, 2010

BRITISH HIGH COMMSSIONER URGED MORE INVESTMENT

The British High Commissioner in Maputo, Shaun Cleary, has encouraged more British companies to invest in Mozambique to create jobs and support the communities in which they will be embedded.Cleary expressed this desire during a working visit this week to the tantalum mines in Marropino, in the central province of Zambezia, which are operated by the British company Noventa.Cleary said that the work of the Noventa mining concession serves as an example for more British companies to invest in Zambezia, according to a press release from the British High Commission.According to the release, the chairperson of Noventa, Eric Kohn, explained to Cleary the efforts undertaken in order to overcome possible obstacles and make the mine a profitable enterprise in the long run.The mine reopened in April after production was stopped for about a year and a half. Noventa has been focusing its attention on the search for more reserves of tantalum, as well as increasing the capacity to process ore at Marropino.Noventa says it has invested over 65 million US dollars in Marropino, to establish the only industrial scale tantalum mine in operation in MozambiqueSpeaking during a meeting with the representatives of the Zambezia provincial government, the High Commissioner reiterated the importance of bilateral cooperation between Mozambique and the United Kingdom and the British commitment to fighting poverty in Mozambique.Cleary noted that in the past years, there has been a growing trend of British companies in Mozambique, such as BP, G4S, British American Tobacco and Rio Tinto, which have investments in agriculture, security biofuels, sugar production, tourism, mining, and energy.“We therefore encourage the growth of trade and investment, because it's good for both the UK and Mozambique”, said Cleary.

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