The Mozambican mining company Mwiriti has confirmed that it has
found gold in its concession in Nairoto, in Montepuez district in the northern
province of Cabo Delgado.
According to the newspaper “O Pais”, gold mining could begin in
April next year. The company is quantifying the gold reserves and plans to
raise 100,000 US dollars to purchase a processing unit.As part of its corporate
social responsibility Mwiriti has purchased two vehicles and donated one to the
local administrator in Nairoto and the other to the Quirimbas National Park.The report adds the company is continuing with its geological
survey and has indications that several minerals are present.
Nairoto
Mwiriti also has a 25 per cent stake in Montepuez Ruby Mining (MRM)
which holds a 34,000 square kilometre concession in Cabo Delgado. The
concession is the largest known ruby deposit in the world.The rubies are sold
at auction by Mwiriti’s partner, Gemfields and so far ten auctions have
generated 407 million dollars. MRM has been the largest taxpayer in Cabo Delgado over the last
three years.
Mozambique: Canadian company grabs 1000 sq km of rubies – By Joseph Hanlon
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