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    24 October, 2013
EDM signs agreement with Baobab Resources
 
London, 24 Oct (AIM) - The British company Baobab Resources on Thursday announced that it will jointly commission with Mozambique’s publicly owned electricity company, EDM, a detailed study for the power requirements of it pig iron project in the western province of Tete.
 
The memorandum of understanding (MoU) follows the Mozambican government’s unconditional approval of Baobab’s environmental impact scoping report.
 
Baobab is looking at a range of scenarios that could see Mozambique host the largest pig iron operation in the world.
 
It is planning to produce low impurity pig iron using ore from its Tenge/Ruoni deposit in Tete and locally mined thermal coal. It is currently focusing on the feasibility of building a facility to produce two million tonnes of pig iron per year
 
In Thursday’s announcement, the company added that it has discovered a significant limestone/dolomite deposit five kilometres to the northwest of the Tenge/Ruoni resource block. Samples are now being tested to see if this rock is suitable to be used as a flux in the iron making process.
 
Baobab’s managing director Ben James told AIM that “this MoU shows that EDM is not only taking this project seriously but also that it has a clear interest in working with Baobab to come up with a mutually beneficial power structure for Baobab's Tete Pig Iron Project”.
 
He added, “we are in Mozambique to make a positive difference for the country and its people, and part of that responsibility is making sure we are sensitive to the local environment. So we are very pleased that our environmental impact scoping report has been unconditionally approved by the Mozambican authorities”.
 
The Tete pig iron, vanadium and titanium project is 85 per cent owned by Baobab, with a 15 per cent share held by the International Finance Corporation (IFC), the member of the World Bank Group that focuses on the private sector in developing countries.

Pig iron is an intermediate product mainly used in the production of steel.
(AIM)
 
 
  20 February, 2015  
 
ADB to send high level delegation to Mozambique
 
The African Development Bank (ADB) is to send a high level delegation to Mozambique to assess the impact of its projects in the country. Ten members of the Bank’s board of directors will visit from 28 March to 4 April.

 
  20 February, 2015  
 
Consultant appointed for N303 road upgrade
 
Louis Berger has been awarded a US$7.6 million contract to provide consultancy services for the rehabilitation of the N303 road which runs through the central province of Tete to the point where the Mozambican, Zambian and Zimbabwean borders converge.

 
  13 February, 2015  
 
FLNG plant environmentally sound
 
The environmental impact study into the proposal by the Italian energy company ENI to build a floating liquefied natural gas factory (FLNG) off the coast of the northern Mozambican province of Cabo Delgado has shown that it is environmentally sound, if all the mitigation measures to deal with possib

 


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