Baobab moving on12 Oct 2014 08:35
Looks like little old Baobab have found a new venture as explorers. There's only one thing left to do with the current project... Sell to the highest bidder.
Copied from advfn, bear in mind its been translated from Mozambiquish....
From clubofmozambique.com
Baobab Resource initiates exploration of iron in Chiúta in two years
09/10/2014) The natural resources, most notably minerals are bringing direct positive impacts on the development of the district Chiúta, the northeastern province of Tete, where they are expected to within the next two years, the start of the industry in high quality iron recently discovered.
The district administrator Chiúta, Joaquim Cherene, who provided this information to our journal, indicated that international multinational company Baobab Resource is already involved in the final preparations for the start of that mineral exploration within the next two years.
"There is no doubt and it appears that in 2016 starts the exploration of iron in our district because investors, as well as the presumed buyers are facing Chiúta with eyes" - said Cherene.
That leader also pointed out that iron is the first mineral to be exploited in the district where they were also found other ores such as copper, marble, titanic and mineral water in the basement of Chiúta,.
According to Joaquim Cherene, the research program of mineral resources in the basement of the district office Chiúta the Mozambican government is still in progress and will soon be made public the results of this work.
"Our district has a lot of wealth in your basement and if all goes well exploited can meet other levels of socio-economic development of this region of the province and the country in general" - pointed Cherene.
DESIGNED EXTENSION LINE SENA
The administrator Chiúta said, moreover, that is scheduled for the next two years building a rail extension of the Sena line will depart from Moatize to Manje, district headquarters of Chiúta, which will contribute to the development catapult the region and improve the disposal of surplus agricultural products and other goods such as wood, tobacco and other products