- Riversdale Mining has announced it has received the approval of its mining activities in Mozambique following the completition an Environmental Impact Study (EIS) last year.
The company said in a statement that its Benga coal project in the Tete province, will now proceed.
In October last year, Riversdale and its partners committed some US$ 270 million for the initial stages of development of the mine, which is expected to produce up to 1,7-million tons a year of high quality coal.
The company would further invest an estimated $150 million for the expansion of the mining activities, which would see the mine produce up to 10,6-million tons a year of hard coking coal and two-million tons a year thermal coal. The final expansion programme aims at producing at least 20 million tons a year of coal.
Once in operation, the company expects that the first coking coal exports from the mine would start in 2011.
The Benga project is said to have a coal resource of four-billion tons, while its adjacent Zambeze project, also a project of Riversdale, had a resource of 1,7-billion tons.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
front page
| news
| countries
| archive
| currencies
| news alerts login
| about afrol News
| contact
| advertise
| español