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Tete mining title application accepted – Baobab

19th November 2014

  

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JOHANNESBURG (miningweekly.com) – Aim-listed Baobab Resources reported on Wednesday that the cadastre division of the Mozambique National Department for Mines (DNM) had accepted its mining concession application overlying the Tete pig-iron and ferrovanadium project.

Once granted, the mining concession would be valid for 25 years and renewable for a further 25 years.

Following a series of meetings with the DNM advisory team, Baobab had also submitted a mining contract for review and presentation to the Mozambique Cabinet.

Baobab expected the mining concession and mining contract to be granted before the end of January 2015.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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