MOZAMBIQUE: AFECC & Yunnan Xinli Will Mine 1 mn t.p.a. of Ilmenite at Chibuto

摘要

On 3 November 2014, two Chinese companies - Anhui Foreign Economic Construction Corp. (AFECC, headquartered at Hefei, Anhui province) and Yunnan Xinli Non-ferrous Metal Co. (YXNFM, headquartered at Qinfen, Lufeng County, Yunnan province) -signed a contract with Dr Esperenca Bias (Minister for Mineral Resources), committing to the investment of $US 471.4 million in establishing an ilmenite mining operation in the Chibuto area of Gaza province (190 km north of Maputo and 40 km inland, on the northern side of the Limpopo River). AFECC and Yunnan Xinli will set up a joint venture operating company to produce around 1 million t.p.a. of ilmenite for at least 25 years.